1575 Upper Ottawa Street, Unit 8, Hamilton, ON
Property Highlights
Welcome to this remarkable sale of business located in the coveted neighborhood of Rymal. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $99,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 2 Bathrooms
- Spacious lot size measured in Feet
- equipped with yes central cooling and highly efficient gas forced air open heating
Description
Excellent opportunity to own and operate a well-established restaurant in Hamilton! Currently operating as a South Indian cuisine restaurant, this versatile space offers the flexibility for a **change of use** and can accommodate a variety of food concepts. Little under 2,000 sq. ft. with approximately **44 seats**, a **14-ft commercial hood**, **walk-in cooler and freezer**, and a fully equipped professional kitchen. Ideal for an experienced operator looking to start or expand a restaurant business without the need for major equipment investment. **Long-term lease available** with rent of approximately **$7,283/month including HST and TMI**. Great opportunity in a flexible, turnkey restaurant space.
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Property Summary
This sale of business located at 1575 Upper Ottawa Street, Hamilton is currently for sale and has been available on SousaSells for 16 days. This property is listed at $99,000 with an estimated mortgage of $330* per month. It has 0 beds, 2 bathrooms, and is unknown square feet. 1575 Upper Ottawa Street, Hamilton is in the Rymal neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Ideal for small families, couples, or individuals seeking a manageable and comfortable living layout in Rymal, Hamilton.
- •2 well-appointed bathrooms
- •Desirable Sale Of Business architecture in Rymal, Hamilton
First-time home buyers, professionals, or investors seeking value.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
None listed
Security Features
- Yes
Community Features
None listed
Property History
No historical data available for this property.
This could be the first listing for this address.
Frequently Asked Questions about 1575 Upper Ottawa Street, Unit 8, Hamilton, ON
Q.What is the asking price for 1575 Upper Ottawa Street, Unit 8, Hamilton, ON ?
The current listing price for 1575 Upper Ottawa Street, Unit 8, Hamilton, ON in Rymal, Hamilton is $99,000.
Q.How many bedrooms and bathrooms does this property have?
This property features null bedrooms and 2 bathrooms.
Q.What property type and architectural style is 1575 Upper Ottawa Street, Unit 8, Hamilton, ON ?
1575 Upper Ottawa Street, Unit 8, Hamilton, ON is a Sale Of Business () featuring a basement.
Q.What security features are installed at 1575 Upper Ottawa Street, Unit 8, Hamilton, ON ?
Security features include: Yes.
Q.What heating and cooling systems are installed?
Heating is provided via standard central heat and cooling via Yes.
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Location
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Open in Google MapsNeighborhood Safety & Crime Analytics
Rymal, Hamilton
23 assaults (45.0/100k)
11 B&E (40.0/100k)
15 thefts (45.0/100k)
Improving vs previous year
Formula: (Annual Occurrences / Population) × 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.
Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.
Pricing & Value Insights
Data-driven valuation for 1575 Upper Ottawa Street 8, Hamilton, ON L8W 3E2
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Hamilton, ON
For a property listed at $99,000 in Hamilton, the legal minimum down payment is $4,950 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $715 for this transaction. As this listing is in Hamilton (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $715.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
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