$399,999 - 116 Bay Street, Hamilton
Semi-Detached for Sale in Hamilton
41 days on market- MLS Number
- X13075710
- Property Type
- Semi-Detached
- Status
- active
- Days on Site
- 41
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Hamilton
- Lot Size
- 1,356 sqft
- Listing Brokerage
- RE/MAX ABOUTOWNE REALTY CORP.
Live, Invest, or Launch Your Business-Rare D4 Zoning in the Heart of Downtown Hamilton! Turn-key home with income potential, parking, and unmatched walkability steps to transit and top amenities. Welcome to 116 Bay St. North, a beautifully upgraded century semi-detached home in Central Hamilton's Downtown Urban Growth Centre. This move-in-ready property offers functionality, and future potential-ideal for end-users, investors, or buyers seeking flexible live/work opportunities. Positioned on a well-travelled street with excellent visibility, this property offers added exposure for home-based businesses or future commercial use. The side of the building also presents potential for signage/advertising income. Situated in a Walker's Paradise (Walk Score 99), this location offers exceptional convenience with walkable access to Bayfront Park, the Hamilton Farmers' Market, Hess Village, and James Street North. Commuters benefit from proximity to the West Harbour GO Station, while nearby destinations like the TD Coliseum, restaurants, cafes, and everyday services enhance the downtown lifestyle. The home features newly levelled and reinforced flooring, updated bathrooms, and a bright functional layout. Since Oct.2025, approximately $75,000 has been invested into masonry (300+ bricks replaced), drainage improvements, duct/drain servicing, and overall maintenance. Additional highlights include, owned furnace (2022), owned A/C (2025), owned hot water tank, and new Nordic windows (2025) with transferable warranty to 2050. Roof originally completed in 2012 and repaired in 2025. Rare for downtown living, the property offers 2 private parking spaces with the potential to expand to 4. Zoned D4 (Downtown Local Commercial), allowing residential, commercial, or mixed-use opportunities. Residential Rental potential of approximately $2,500/month, more if commercial tenant. A rare opportunity to own a turn-key property in one of Hamilton's fastest-growing neighborhoods.
Estimate your monthly payments for this property
Estimated Payment
$2,052.20/mo
Includes CMHC insurance ($11,160)
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 Hamilton
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 Hamilton
- •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
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.
116 Bay Street, Hamilton
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $571/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 41 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Detached Home Advantages
Detached homes in Hamilton are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Efficient Living
At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.