$3,999,000 - 232 Eighth Road, Hamilton
Commercial for Sale in Hamilton
63 days on market- MLS Number
- X13000260
- Property Type
- Commercial
- Status
- active
- Days on Site
- 63
- Bedrooms
- 5
- Bathrooms
- 2
- Square Feet
- 74 sqft
- Neighbourhood
- Hamilton
- Listing Brokerage
- Re/Max Hallmark Realty Ltd.
Extraordinary 74-acre countryside estate ideally positioned on the prominent corner of Eighth Road East and Mud Street in Stoney Creek, offering over 3,700 feet of prime main road frontage, this expansive property blends strategic future development and severance possibilities (subject to approvals), and exceptional long-term land banking potential with the immediate enjoyment of refined rural living, featuring two picturesque ponds including one spring-fed, an established pear orchard, a boutique vineyard, and multiple paddocks that create a scenic and versatile agricultural setting. The impressive infrastructure includes a 44' x 80' pole barn with concrete flooring, hydro, a 14' overhead door and a 14' x 31' insulated heated finished room, a 38' x 60' barn, and a 30' x 53' barn complemented by a 14' x 52' on-site gift shop/storefront offering additional income flexibility. The sprawling custom built bungalow offering 6155 sqft living space, built approximately 30 years ago, offers 3+2 bedrooms and 4 bathrooms with a thoughtfully designed layout that includes a gourmet eat-in kitchen with granite countertops and oversized island, breakfast nook, inviting family room with wood stove, 3-season sunroom overlooking the grounds, formal living and dining rooms with hardwood flooring and French doors, main floor laundry, and a private primary suite with walk-in closet and updated 3-piece ensuite with glass-enclosed tiled shower. The fully finished lower level provides an in-law suite complete with bedroom and ensuite, kitchen, recreation room, exercise room, sitting room and additional bedroom, offering exceptional multi-generational living flexibility. An attached double garage, concrete parking pad and long paved driveway complete this rare offering-an exceptional opportunity to secure scale, frontage, infrastructure and future upside in a growing corridor while enjoying the privacy and serenity of country estate living today.
Estimate your monthly payments for this property
Estimated Payment
$17,688.93/mo
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.
232 Eighth Road, 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 $54,041/sqft, this is priced in the upper range for GTA commercial — typical for prime locations or newer buildings. Commercial values are highly location- and zoning-dependent, so comparable sales analysis is essential. I'll pull recent commercial comps for you.
Extended Exposure — Negotiating Room
At 63 days on market, this commercial property has had significant exposure. Commercial listings typically take longer to sell than residential, but this timeline may indicate pricing or tenancy issues worth exploring. A motivated seller often means better terms for a prepared buyer.
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.