Invest in Hamilton restaurant history; or you could be the landlord of a local MP
Want to own a quaint french pastry shop? Or become the landlord of a local politician?
Whether you are interested in restaurants, empty plots, office buildings or other oddities, there are plenty of commercial real estate opportunities available for investors and prospective business owners.
For nearly $5 million you could own the building hosting landmark restaurant Black Forest Inn.
The 251 King St. E. building has two commercial tenants, including the restaurant and a tattoo parlour, and six residential units.
Black Forest Inn is an institution, having served schnitzels, sausages, and other Bavarian food in that International Village location for over 50 years.
The listing - $4,999,900 for the three-storey building at the corner of King and Ferguson - boasts eight occupied, fully renovated units with market rate leases. Property taxes for the 8,753-square-foot building total $16,274.77.
Want to be NDP MP Matthew Green's landlord?
A relatively nondescript, two-storey office and residential building on Main Street East, between Wentworth Street and Sherman Avenue, is up for grabs.
That building, at 630 Main St. E., hosts seven boutique residential suites," three main floor commercial units - including Green's constituency office - and has three potential" lower level units.
Property taxes for the 19,380-square-foot building, with 17 parking spaces, comes to $29,528.72.
However, prospective buyers should be prepared for a bidding war as the building is on sale for $1.
Odd Burger is seeking a new owner for their brand new Mountain franchise - for nearly $500,000.
The company is looking to off-load four of their Ontario locations to qualified franchisees," the listing says, including the restaurant at 920 Upper Wellington St., across from Lime Ridge Mall.
Opening at the end of October 2021 in Hamilton, Odd Burger offers plant-based versions of fast-food favourites.
For $499,000, the new owner takes over a long-term lease of $4,500 gross rent for the 1,000-square-foot eatery, with plenty of plaza parking.
Want a blank canvas near trendy James Street North?
A savvy developer could buy this 52-foot by 74-foot empty lot at the south end of Severn Street for $780,000. Or, the exact same empty lot, but with approved and issued building permits for a five-storey residential complex, for $949,000.
Six two-bedroom units are proposed for this high-density development at 29 Severn St., beside the Mulberry Street municipal parking lot. And while buying the lot without plans is cheaper, the listing says the approximately $150,000 in value and work already completed is a time-saver."
Prospective pastry chefs would be happy with the location of this turn-key" business in downtown Dundas.
French Revolution Bakery & Creperie at 2 King St. W. - between Ogilvie and Main streets - could be yours for $329,000.
The listing boasts excellent" lease terms with the option to renew. And the sale includes recipes, equipment and operations training for this cornerstone business" with a large and loyal client base."
An investment property described as one of the best on Locke" could be yours for $1,949,000.
225 Locke St. S. was formerly home to Mattson & Co. restaurant until midsummer 2021. Now the two-and-a-half storey red brick house hosts The Squire Pub On Locke and a two-floor residential unit above.
The listing says the property will interest investors seeking long-term growth," with a main floor lease offering stability through 2035."
Two commercial listings published by The Spectator back in March 2021 are still on the market. The Wilson Street building home to De Rosa Bakery - on sale for $899,900 - has spent 372 days on Realtor.ca. Meanwhile, the James Street North building that hosts Pho B&T Viet Thai Restaurant and six residential units was previously on sale for $2,990,000. It has recently been re-listed for $3,500,000.
Jeremy Kemeny is a Hamilton-based web editor at The Spectator. Reach him via email: jkemeny@thespec.com