$89,000 - 1443 Main Street, Hamilton
Commercial for Sale in Hamilton
- MLS Number
- X13237300
- Property Type
- Commercial
- Status
- active
- Days on Site
- 15
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 1,000 sqft
- Neighbourhood
- Hamilton
- Listing Brokerage
- ROYAL LEPAGE CREDIT VALLEY REAL ESTATE
Priced to Sell! Discover one of the best rated Indian restaurants in Hamilton, now available for sale. An exceptional opportunity you don't want to miss. With a stellar 4.8-star Google rating, this well established gem is known for its mouth-watering South Indian cuisine & Street food. The restaurant features a spacious, fully equipped kitchen with a 10-foot hood, Walk-in-cooler, Tandoor, 6-burner stove, 4 feet flat top griddle, 3 fridges, 4 chest freezers, 2x4 feet prep tables, 2x3 sinks, display cooler and lots more, making ideal for any culinary ambition. It offers comfortable indoor seating for over 24 guests, along with a seasonal patio perfect for summer dining. Recent upgrades include new flooring, modern couches, tables, and chairs, creating an inviting ambiance. Fully renovated washroom is conveniently located in the basement for staff and customers. Situated in a busy area surrounded by major anchor tenants like Domino's, Beer Store, LCBO, H&R Block and Tim Hortons. This location benefits from constant footfall. It's just 2 minutes from nearby elementary schools and the Hamilton Public Library and only 10 minutes from Hamilton Stadium, drawing crowds from all directions. Surrounded by dense residential neighborhoods within walking distance, the restaurant sees a steady stream of loyal local patrons. Best of all, the lease is incredibly low at just $3,271.35 per month including TMI and HST. The lease has 4 + 5 Year extension for lease. This is truly the best deal in town for anyone looking to own a thriving, turnkey restaurant in one of Hamilton's most active commercial & residential hubs. LLBO can be added. Great setup & super low overheads makes it Ideal for first time & experienced restaurant owners. This location does not have any food restrictions and can be converted into any cuisine.
Estimate your monthly payments for this property
Estimated Payment
$456.62/mo
Includes CMHC insurance ($2,483)
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.
1443 Main Street, 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
At $89/sqft, this is priced on the lower end for commercial, which warrants investigating condition, zoning restrictions, and tenancy. Commercial values are highly location- and zoning-dependent, so comparable sales analysis is essential. I'll pull recent commercial comps for you.
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 15-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.