$2,495,000 - 5428 Young Street Unit 340, Hamilton Township
Commercial for Sale in Hamilton Township
170 days on marketNeighbourhood: Rural Hamilton
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- MLS Number
- X13020464
- Property Type
- Commercial
- Status
- active
- Days on Site
- 170
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 2 sqft
- Neighbourhood
- Hamilton Township
- Listing Brokerage
- RE/MAX ROUGE RIVER REALTY LTD.
An exceptional opportunity to acquire a fully established waterfront resort on the highly sought-after south shore of Rice Lake, offering a collection of thoughtfully designed, well-appointed cottages and a complete amenity base tailored to today's guest expectations. Sandy Shore Resort features multiple upscale, fully equipped cottages, each offering a high level of finish, comfort, and privacy-well beyond typical cottage resort standards. With climate control, modern interiors, and strong guest appeal, the property is well-positioned to attract premium short-term rental clientele. Nightly sunsets, a heated pool, sauna facilities, and an extensive dock system further enhance the guest experience and support consistent occupancy. The infrastructure is firmly in place for a turnkey operation, while still presenting meaningful upside through enhanced branding, expanded marketing reach, and continued growth into shoulder and winter seasons. Several cottages are winterized, opening the door to additional revenue streams including ice fishing, snowmobiling, and wellness-focused stays. A well-appointed owner's residence offers comfortable, full-time living with a level of finish and privacy rarely found in comparable resort properties, allowing an owner/operator to enjoy the setting as a home while seamlessly overseeing the business. Located within easy reach of the GTA, this is a rare opportunity to step into a refined waterfront hospitality offering with both immediate income and long-term growth potential. Includes virtually everything in order to jump right in and a Vendor Take-Back financing may be available for qualified buyers.
Estimate your monthly payments for this property
Estimated Payment
$11,036.23/mo
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 Rural Hamilton
Rural Hamilton 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 Rural Hamilton
- •Convenient location in Hamilton Township
- •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
Rural Hamilton 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.
5428 Young Street Unit 340, Hamilton Township
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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
At $1,247,500/sqft, this is priced in the upper range for GTA commercial — typical for prime locations or newer buildings. Commercial values are highly location- and zoning-dependent, so comparable sales analysis is essential. I'll pull recent commercial comps for you.
Extended Exposure — Negotiating Room
At 170 days on market, this commercial property has had significant exposure. Commercial listings typically take longer to sell than residential, but this timeline may indicate pricing or tenancy issues worth exploring. A motivated seller often means better terms for a prepared buyer.
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 Township transactions.