$1,599,888
For SaleList: 2026-05-20
X13147504
$1,599,888
Added 169 days ago
MLS® X13147504
Hamilton, ON, L9B 1B5
Retail
Added 169 days ago
MLS® X13147504
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Broker remarks from the listing.
Quick facts
Multi-Income Commercial Investment | Car Wash + 3 Passive Leases Rarely does a commercial asset come to market with this level of capital investment already behind it and this many income streams already producing. This is a fully renovated, 6-bay self-serve coin-operated car wash on a C5-zoned site in Hamilton's most active automotive corridor - generating $125,845 in gross annual revenue from four independent sources, with $473,000+ in documented capital improvements completed in 2023-2024.Income streams: Car wash operations (CPA-confirmed, 2025), dog grooming tenancy to 2027, Freedom Mobile telecom tower lease (auto-renewing), and a newly executed 10-year digital billboard lease with EYE CANDY ADS. Three of the four require zero day-to-day involvement from the owner. The asset has been reset. Environmental remediation completed (clean cert issued 2024). Full asphalt repaving (6,324 sq. ft.). All-new 6-bay car wash equipment under warranty. Tap & Wash cashless payment system installed across all bays - subscription membership model ready to launch with zero additional infrastructure cost. 12-camera HD security system. Remote monitoring app included. Proforma path to 6.9% cap via subscription revenue model already infrastructure-ready. C5 zoning permits mixed-use redevelopment up to 22 metres - the income keeps the asset cash-flowing while long-term options are evaluated.18,500+ daily passing vehicles. Adjacent to Tim Hortons and Volvo Hamilton. Acura, Mercedes-Benz, BMW, Hyundai, Kia, and Nissan dealerships within minutes. 7 minutes to Hamilton International Airport. All financials sourced from 2025 CPA-compiled statements (CSRS 4200). Buyers to conduct independent due diligence.
Property sheet
Key facts from the MLS® sheet for this home.
Record
Buy/sell history for 41 Rymal Road W, Hamilton, ON L9B 1B5 (Retail)
$1,599,888
For SaleList: 2026-05-20
X13147504
| Contract Date | Last Update | Price | Status | Listing ID |
|---|---|---|---|---|
| May 20, 2026 | May 20, 2026 | $1,599,888 | For Sale | X13147504 |
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