949 Main Street, Hamilton, ON
Property Highlights
Welcome to this remarkable commercial retail located in the coveted neighborhood of Stipley. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $1,200,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 0 Bathrooms
- Premium 45 x 90 ft lot size
- equipped with partial central cooling and highly efficient gas forced air closed heating
Description
Excellent Investment opportunity in the rapidly evolving Hamilton East corridor, just west of Gage Park. The well maintained mixed-use property features a main floor commercial unit and spacious two units 3 BR Apartment on the second floor. Ideally situated near the transformative Steelport development led by Slate Asset Management, one of the largest redevelopment projects in the region. Over the next several years, this major investment is expected to bring significant economic growth, new employment opportunities, business expansion, and increased demand for real estate. A prime location with strong future upside for investors and owner-operators alike. Don't miss great Opportunity . Don't go direct respect tenant, all showing need minimum 24 hrs notice
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 949 Main Street E, Hamilton, ON L8M 1M9
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Hamilton, ON
For a property listed at $1,200,000 in Hamilton, the legal minimum down payment is $240,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $20,475 for this transaction. As this listing is in Hamilton (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $20,475.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.