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66 Mall Road, Hamilton, ON L8V 5B9

Sale Of Business
$250,000

Excellent opportunity to acquire a turn key business, a well-established Vietnamese restaurant located at 66 Mall Rd, Unit 4, Hamilton, successfully operating for 19 years with a strong and loyal customer base. This turn-key business offers approximately 1,911 sq. ft. of functional space with dine-in and take-out capability and a proven history of consistent sales. Ideally located steps to Lime Ridge Mall, the restaurant benefits from exceptional visibility, high pedestrian traffic, and ample plaza parking. Current monthly rent is approximately $7,500 plus utilities, with a favourable lease structure of 2.5 years remaining and a 5-year extension option, making this an ideal opportunity for an owner-operator or investor seeking a stable, low-risk hospitality business in one of Hamilton's busiest commercial nodes.

MLS number
X12759606
Type
Sale Of Business
Status
Active
Bedrooms
Bathrooms
Postal code
L8V 5B9
Photos
9
221days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

No previous listings found for this address.

Where this property is

Where this address sits, matched against open government data.

Matched to a published address point for this address.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
OnCourse EducationSecondary337 mNot reported
Our Lady of Lourdes Catholic Elementary School
Hamilton-Wentworth CDSB
Elementary289 m6.3 / 10
63% met the standard
Elementary Alt-Ed
Hamilton-Wentworth DSB
Elementary846 mNot reported
Timothy Canadian Reformed SchoolElementary826 mNot reported
Pauline Johnson Public School
Hamilton-Wentworth DSB
Elementary792 m5.0 / 10
50% met the standard
Franklin Road Elementary Public School
Hamilton-Wentworth DSB
Elementary922 m6.5 / 10
65% met the standard
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 898 people.

$53,600Median household income
41%Own their home
42.9%Detached houses
53.2Median age
36.6%Born outside Canada
15.7%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35250629 — the few blocks around this address, home to 898 people. It describes the area, not this property.

898Population
49.8Average age
2.2Household size
$83,600Average household income
$53,600Median household income
41%Own their home
59%Rent
0%Condominiums
37%Born outside Canada
16%University degree
$840,000Average home value
19%Low income
99%Not in the labour force
26%Never married
Under $5,0002%
$10,000 to $14,9991%
$15,000 to $19,9993%
$20,000 to $24,99910%
$25,000 to $29,9997%
$30,000 to $34,9994%
$35,000 to $39,9994%
$40,000 to $44,9994%
$45,000 to $49,9993%
$50,000 to $59,9995%
$60,000 to $69,9995%
$70,000 to $79,9993%
$80,000 to $89,9995%
$90,000 to $99,9992%
$100,000 and over22%
$100,000 to $124,9996%
$125,000 to $149,9995%
$150,000 to $199,9998%
$200,000 and over5%

Percentages are of the 545 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$50,000 · minimum here is $12,500
$1,106.95per month
Borrowed before insurance$200,000
Total borrowed$200,000
Interest over 25 years at 4.5%$132,084

If you rented it out

-$1,106.95per month out of pocket
Rent$0.00
Everything it costs to hold$1,106.95
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by CENTURY 21 HERITAGE GROUP LTD.. Listing data provided by the Toronto Regional Real Estate Board.