39
265 Ottawa Street N
$1,599,999 Sale
Listed 5 hours ago
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Listing History
Buy/Sell/Terminated/Expired listing history for 265 Ottawa Street N
Key Facts
Key facts for 265 Ottawa Street N
Property Type
Commercial
Parking
None
MLS #
X12364989
Size
-
Basement
-
Listed on
2025-08-26
Lot size
60 x 118.0
Tax
$19,500 /yr
Days on Market
1
Approximate Age
51-99
Maintenance Fee
-
Description
Welcome to 265 Ottawa Street North, a rare investment opportunity in the heart of Hamilton's iconic Ottawa Street Business Improvement Area. Known as the city's Destination for Inspiration, Ottawa Street North is home to a vibrant mix of shops, antiques, home décor, restaurants, and services, suppor...ted by strong daily foot traffic and active BIA promotions. This property offers approximately 10,000 sq. ft. of flexible commercial space, ideal for subdivision into multiple retail bays, professional offices, or a hybrid mix of tenants. With wide storefront glazing, excellent signage potential, and strong curb appeal, it is perfectly positioned to attract a diverse range of occupants. Located steps from The Centre on Barton, a 700,000+ sq. ft. power center anchored by national retailers, the property benefits from a steady stream of both local shoppers and regional visitors. Investors will appreciate the value-add potential through re-tenanting and repositioning, while enjoying a projected cap rate of ~7.5%, significantly above the Hamilton retail market average of 6.3%. This combination of location, flexibility, and yield makes 265 Ottawa Street North one of the only opportunities on the market today to secure such strong returns in a proven, high-demand corridor. Whether envisioned as multiple stores, multiple offices, or a long-term anchor space, this property offers stability, upside, and long-term appreciation.
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Courtesy of: HOMELIFE/PARAMOUNT REALTY