50 Earl Street, Hamilton, ON L8L 6L2, Hamilton, ON, L8L 6L2
MLS: X12938224 | Commercial Retail
$2,499,999
Property 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.
Quick Facts
- Property Type: Commercial Retail
- Bedrooms: None
- Bathrooms: None
- Lot Size: 15,812 sq ft (1,469.0 m²)
Costs
- Annual Taxes: $1.00 (2025)
Listing Provided by: Right At Home Realty, Brokerage
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Cooling: Yes
- Utilities: Yes
- Security: No
Lot & Land
- Lot Size: 15,812 sq ft (1,469.0 m²)
- Zoning: (Institutional) (Daycare) D/S-1822
Community & Neighbourhood
- Community: Public Transit
- Neighbourhood: Gibson
Listing Information
Listing History
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Property Comparables ?Active Comparables — Search CriteriaSearch Radius2 kmPrice Range±15%Match Home TypeYesMatch BedroomsYes
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50 Earl Street, Hamilton, ON L8L 6L2, Hamilton, ON, L8L 6L2