$149,999 - 2537 Hamilton Regional Road 56 N/A Unit B2, Hamilton
Commercial for Sale in Hamilton
Popular ListingNeighbourhood: Binbrook
- MLS Number
- X13664114
- Property Type
- Commercial
- Status
- active
- Days on Site
- 12
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- N/A sqft
- Neighbourhood
- Hamilton
- Listing Brokerage
- LUXE HOME TOWN REALTY INC.
TURNKEY DOLLAR STORE FOR SALE - LOYAL CUSTOMER BASE, PRIME PLAZA LOCATION, NEW 5-YEAR LEASE A well-established dollar store, built into the fabric of a fast-growing community, is now available for sale. Years in operation have earned it deep neighborhood roots and a loyal, repeat customer base - the kind of foundation a new owner doesn't have to build from scratch. Location that works for you :Positioned in a busy plaza alongside a major anchor tenant, the store draws steady, built-in foot traffic year-round. The surrounding area continues to grow residentially and commercially, giving a new owner real upside for continued revenue growth. A true turnkey setup:-Over 1,400 sq ft of clean, well-organized, well-maintained retail space-All fixtures included - shelving, hooks, and store equipment-Staff washroom plus a separate storage room for extra stock-Established relationships with multiple product suppliers - a real head start on day one-Brand-new 5-year lease in place, with the option to renew for another 5 years-Please note: Inventory (on-site and in offsite storage) is not included in the business sale price - it will be counted and valued at closing, with the purchase price adjusted accordingly to reflect it. Sale is for the business only. Ideal for an owner-operator or investor looking for a proven, cash-flowing retail business in a high-visibility location.
Estimate your monthly payments for this property
Estimated Payment
$769.57/mo
Includes CMHC insurance ($4,185)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-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.
2537 Hamilton Regional Road 56 N/A Unit B2, 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 12-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.