505 Kenora Avenue, Hamilton

$27,000,000
505 Kenora Avenue

$27,000,000

Extension
542d
Industrial

505 Kenora Avenue, Hamilton

Total Monthly Obligation $124,447

Beds
0
Baths
0
Park
0
DOM
542d
Property Type-Industrial
MLS® Number-X12110176
Beds-0
Lot Size-10.1 ft (front)
Listed on site-Apr 29, 2025
Building Type-Industrial
Taxes-$181,935 (2025)
Parking-Outside/Surface
Heating-Gas Forced Air Open
Brokerage-COLLIERS
Cooling-Partial
Fireplace-No
Pool-None
Sewer-Sanitary+Storm
Possession-TBD
Neighbourhood-Nashdale
Title-Commercial

No agent assigned

Prime 10.1-acre industrial site in Hamilton's Nashdale industrial corridor, just minutes from the QEW and Centennial Parkway interchange. This M5-zoned property features three freestanding buildings totaling 76,706 SF with low site coverage and significant excess land, making it ideal for investors, owner-users, and developers. The property consists of multiple individual parcels, allowing for potential severance and resale to lower the cost basis. Building A offers 27,550 SF with 15'8" clear height, 9 dock doors, and 2 drive-in bays. Building B offers 22,265 SF with 13'2" clear height, 6 drive-in doors, and 2 dock doors. Building C offers 26,891 SF with 25'7" clear height and 8 drive-in doors. With approximately 17% site coverage, there is ample room for expansion, including additional industrial buildings, truck terminals, logistics hubs, or outdoor storage. M5 zoning allows for a wide range of permitted uses, including logistics, warehousing, manufacturing, and truck parking. Nearly all tenants are on month-to-month leases, providing flexibility to offer the site almost entirely vacant or continue generating income. Multiple access points from Kenora Avenue and Nash Road North provide excellent connectivity to major transportation routes. Fully serviced with individual hydro and gas meter, a bulk water meter, gas-fired forced-air heater, and HVAC in office areas. A rare opportunity for an owner-user seeking functional industrial space with room to grow, an investor looking for a high-demand asset, or a developer aiming to maximize site coverage and long-term value.

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Closing Costs

Mortgage Amount
$21,600,000
Land Transfer Taxes$661,475
Legal Fees (Est.)
$
Total cash required for closing$6,062,975

Total Monthly Obligation

$124,447/mo
Mortgage $108,911
Monthly Loss $95,787
Principal$28,660
Interest$80,251
Property Tax$15,161
Home Insurance$125
Variable Costs$250

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*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 505 Kenora Avenue

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