24,300 sqft
Fully Air Conditioned
Hot Water
$10,500,000
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. 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." (id:63476)
Business
|
Business Type |
Accommodation |
|
Business Sub Type |
Motel |
Property Details
|
MLS® Number |
X12499566 |
|
Property Type |
Business |
|
Community Name |
Corktown |
Building
|
Cooling Type |
Fully Air Conditioned |
|
Heating Fuel |
Electric |
|
Heating Type |
Hot Water |
|
Size Exterior |
24300 Sqft |
|
Size Interior |
24,300 Sqft |
|
Utility Water |
Municipal Water |
Land
|
Acreage |
No |
|
Size Frontage |
177 Ft ,9 In |
|
Size Irregular |
Bldg=177.83 Ft |
|
Size Total Text |
Bldg=177.83 Ft |
|
Zoning Description |
D3 |