$2,499,999
( $459.39Per Sq Foot )
 $13,421 est/mo Sourced by Back At You

50 Earl Street,Hamilton (Gibson), ON L8L6L2

Hamilton (Gibson), ON L8L6L2

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Description

This property has been advanced toward childcare / daycare / day care / day-care use with layout potential accommodating approximately 70 children (subject to licensing approvals) and is also well suited for private school, educational, training, community or other permitted institutional uses. Exceptional opportunity to acquire a freestanding institutional building in the heart of Hamilton, strategically located near Hamilton General Hospital and surrounded by established residential neighborhoods. This former place of worship has undergone extensive capital upgrades and offers approximately 5,442 sq ft of functional space over two levels on a generous 100 ft x 157 ft lot with on-site parking and outdoor area potential. The flexible floor plan features large open program areas, finished lower level, kitchen facilities, multiple washrooms and adaptable space for multi-room operations. Significant improvements include upgraded 200-amp electrical service, complete removal of knob and tube wiring with ESA certification, new plumbing, city-permitted sewer replacement, new flooring, washrooms, interior finishes, doors and building systems. Phase I Environmental Site Assessment completed with no Phase II recommended at the time of report. Institutional buildings of this scale, location and level of improvement are increasingly difficult to replicate due to zoning, planning timelines and rising construction costs. This presents a compelling opportunity for investors seeking future income potential and favorable cap rate positioning through tenant placement and stabilization. Located within a major healthcare employment corridor, the property benefits from strong underlying demand driven by healthcare professionals, families and community services. Ideal for investors or operators with vision to secure a strategic asset today and position for future leasing to established childcare operators, educational users or community-based organizations as funding programs evolve. (id:13843)

Details

MLS #X12938224
Listing TypeFor Sale
StatusActive
Days On Site204
Listing Provided ByRight At Home Realty, Brokerage | IMTIAZ KIANI

Features

SQ Feet5,442
Zoning(Institutional) (Daycare) D/S-18

Parking

Parking Total12

Taxes

Tax Annual Amount1

Area Information

ProvinceON
CityHamilton (Gibson)
Postal CodeL8L6L2
Listing VS Median (in L8L6L2)
Price:
$2,499,999
low | high
Med:
$2,499,999
50% of Average
sqft:
5,442
low | high
Med:
5,442
50% of Average
$ / sqft:
$459
low | high
Med:
$459
50% of Average
On site:
204
low | high
Med:
204
100% of Average
Sourced by Back At You

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Learn More About This Property

ProvinceON
CityHamilton (Gibson)
Postal CodeL8L6L2
Listing VS Median (in L8L6L2)
Price:
$2,499,999
low | high
Med:
$2,499,999
50% of Average
sqft:
5,442
low | high
Med:
5,442
50% of Average
$ / sqft:
$459
low | high
Med:
$459
50% of Average
On site:
204
low | high
Med:
204
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $1.874M - $3.124M
sqft: 4,000 - 6,500
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350 SHERMAN Street N Property Photo 1
$2,899,000
350 Sherman Street N
Hamilton, ON L8L6N6
Listing Updated: April 9, 2026 at 1:28:05 PM PDT