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$10,500,000
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Key Details
Property Type Commercial
Sub Type Sale Of Business
Listing Status Active
Purchase Type For Sale
Subdivision Corktown
MLS Listing ID X12499566
Annual Tax Amount $132,252
Tax Year 2024
Property Sub-Type Sale Of Business
Property Description
Prime Central Hamilton Investment Opportunity! This established highly profiting 60-room hotel property sits on a generously sized lot within one of Hamilton's fastest-growing and most rapidly transforming urban corridors. Surrounded by active redevelopment, infrastructure improvements, and rising municipal and private investment, this location offers exceptional long-term upside and strong return potential. Hamilton continues to benefit from sustained population growth, enhanced transit connectivity, and increasing spill-over demand from the Greater Toronto Area. The property is strategically positioned near transit routes, hospitals, post-secondary institutions, and major commercial corridors, making it ideal for hospitality, residential, or mixed-use redevelopment (buyer to verify zoning and permitted uses). With the right vision, the site offers excellent flexibility for future conversion into condominium residences, purpose-built rental or mixed-use housing, assisted living or retirement residence, boutique 4-5 star hotel, or short-term accommodation supporting healthcare and education sectors. Offered under power of sale with a motivated timeline, this is an outstanding opportunity for developers, hotel operators, and institutional investors seeking exposure in one of Ontario's most active growth markets. Property is being sold "as-is, where-is." Buyer to conduct their own due diligence.
Location
Province ON
County Hamilton
Community Corktown
Area Hamilton
Zoning D3
Interior
Cooling Yes
Exterior
Utilities Available Available
Lot Frontage 177.83
Others
Security Features No
ParcelsYN No
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Listed by CENTURY 21 GREEN REALTY INC.
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