$32/mo - 11 ALWAY Road Unit 19, Hamilton
Commercial for Rent in Hamilton
Neighbourhood: Binbrook
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- MLS Number
- X13746718
- Property Type
- Commercial
- Status
- active
- Days on Site
- 18
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 1,152 sqft
- Neighbourhood
- Hamilton
- Listing Brokerage
- HOMELIFE/DIAMONDS REALTY INC.
Excellent Leasing Opportunity In The Growing Binbrook Community! Welcome To Unit 19 At 11 Alway Road, Hamilton, A Versatile Commercial Retail Unit Located In A Modern Plaza Serving The Rapidly Expanding Binbrook Area. This Space Offers Excellent Potential For A Wide Variety Of Professional, Medical, Retail, Food And Service-Based Businesses. Suitable Uses May Include: Doctor's Office, Walk-In Clinic, Physiotherapy/Chiropractic Clinic, Hearing Aid Clinic, Veterinary Clinic, Salon, Barber Shop, Nail Salon, Tutoring Centre, Private School (No Daycare), Music Lessons, Martial Arts Gym, Real Estate Office, Law Office, Insurance Office, Dry Cleaners, Flower Shop, Grocery Store, Ice Cream Shop, Bar, Coffee Shop, Sandwich Shop, Pizza Restaurant, Indian Restaurant, South Indian Restaurant, Hakka Chinese Restaurant, Breakfast Restaurant, Chicken Wing Restaurant, Shawarma Restaurant And More. An Excellent Opportunity For Business Owners And Professionals Looking To Establish Or Expand Their Presence In One Of Hamilton's Growing Communities. Don't Miss This Opportunity To Secure A Commercial Space In Binbrook. All Uses Are Subject To Applicable Zoning, Municipal Requirements And Landlord Approval.
Discover Binbrook
Binbrook is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Binbrook
- •Convenient location in Hamilton
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Binbrook offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
11 ALWAY Road Unit 19, Hamilton
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Key factors for evaluating this commercial property
Commercial Due Diligence Checklist
· Verify zoning and all permitted uses
· Review all existing leases (terms, renewals, net vs. gross)
· Request estoppel certificates from all tenants
· Order a Phase 1 Environmental Site Assessment
· Commission a property condition assessment
· Review operating costs (taxes, insurance, maintenance)
Commercial Financing Note
Commercial mortgages require 20–35% down, shorter amortization, and lenders underwrite based on the property's income. CMHC insurance is not available for commercial. Connect with a commercial mortgage broker early.
Commercial and land transactions are significantly more complex than residential. Joe recommends assembling a team — commercial real estate lawyer, accountant, and (for land) a land use planner — before making an offer.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Commercial Pricing Context
Commercial property values in Hamilton are driven by location, zoning, current tenancy, and income potential — not the same $/sqft benchmarks as residential. I'll run a proper comparable sales analysis using recent commercial transactions in this area.
Commercial Market Pace
Commercial real estate transactions typically take 60–120 days from offer to close — longer than residential — due to financing conditions, environmental reports, and tenant estoppel reviews. This 18-day listing is within normal commercial market exposure.
Zoning & Permitted Use — Verify First
I always confirm the zoning and permitted uses before a client gets too far into a commercial transaction. What a property is currently used for and what it's legally permitted for are sometimes different. If you plan to change the use, a zoning amendment or minor variance may be required — that's additional cost, time, and risk.
Tenancy & Income Review
If this property has existing tenants, I'd want to review all leases carefully: term lengths, renewal options, rent amounts, escalation clauses, and who's responsible for operating costs (gross lease vs. net lease). A strong long-term tenant is an asset; a lease expiring at closing is a different story. We'll request estoppel certificates from all tenants.
Environmental & Due Diligence
A Phase 1 Environmental Site Assessment is standard practice for commercial purchases in Ontario. If historical industrial use is flagged, you'll need a Phase 2. I also recommend a property condition assessment covering structure, roof, HVAC, and electrical — commercial systems are expensive to replace and often not disclosed in detail on the listing.
Commercial Financing Realities
Commercial mortgages work differently than residential. Expect 20–35% down, shorter amortization (15–25 years), and lenders who underwrite based on the property's income, not just your personal financials. CMHC insurance is generally not available for commercial, and rates are typically higher. I can connect you with commercial mortgage brokers who specialize in Hamilton transactions.