$779,900 - 155 Victoria Avenue, Hamilton
Detached for Sale in Hamilton
Popular Listing- MLS Number
- X13232624
- Property Type
- Detached
- Status
- active
- Days on Site
- 13
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Hamilton
- Listing Brokerage
- REAL ONE REALTY INC.
Excellent opportunity to own a free-standing commercial/residential property in a prime corner location within a mature residential neighborhood. This property is primarily valued for the real estate itself, with the existing convenience store business included as an added bonus and future upside opportunity. The property offers approximately 2,000 sq ft and features multiple potential income streams, including a main floor retail space with attached 1-bedroom unit, a spacious second-floor 3-bedroom apartment with private entry and the estimated rental potential of approximately $2,400/month, plus a basement with 1 bedroom and 1 bathroom. Property also benefits from a city-issued legal separate entrance, adding flexibility and excellent long-term value with potential for additional permitted uses subject to buyer verification. The convenience store has been owner-operated for approximately 12 years and has built a loyal neighborhood customer base. This creates a strong opportunity for a hands-on buyer to revitalize the business and unlock additional income potential. Existing business and clientele are included in the sale, but the true value lies in the free-standing mixed-use property itself. Ideal for owner-operators, investors, or buyers seeking a versatile property with residential income and future commercial upside. Rare opportunity to acquire a free-standing building with substantial potential in an established Hamilton neighborhood.
Estimate your monthly payments for this property
Estimated Payment
$4,001.29/mo
Includes CMHC insurance ($21,759)
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.
155 Victoria Avenue, 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 $520/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.
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.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
Investment Perspective
Looking at this as an investment: Hamilton properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,250 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
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.