Homula Realty Brokerage
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9 Meadow Lane, Hamilton, ON L9H 1L1

Industrial
$2,999,900

AN EXCELLENT COMMERCIAL/LIGHT INDUSTRIAL BUILDING, CURRENTLY DIVIDED INTO 4 RENTAL SPACES, WITH LOADS OF OUTSIDE STORAGE SPACE LOCATED IN THE HEART OF DUNDAS, & CLOSE TO MCMASTER UNIVERSITY, MAJOR HIGHWAYS, IN THE HEART OF DUNDAS. THIS IS AN EXCELLENT INVESTMENT OPPORTUNITY,WITH LONG TERM TENANTS PROVIDE GOOD CASH FLOW WITH FUTURE DEVELOPMENT OPPORTUNITY FOR THE RIGHT BUYER. THIS IS AN EXCELLENT BUILDING, BLOCK CONSTRUCTION WITH 13'-6" CLEAR SPAN CEILING,AND FINISHED OFFICE,ASPHALT DRIVE/PARKING,PROPERTY FEATURES LOADS OF OUTSIDE PARKING/STORAGE SPACE,FULLY FENCED COMPOUND, AND EXCELLENT INCOME POTENTIAL. 4 OVERHEAD DOORS

MLS number
X13685994
Type
Industrial
Status
Active
Bedrooms
Bathrooms
2
Postal code
L9H 1L1
Photos
7
Property tax
$28,600 / year
26days · 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
Dundana Public School
Hamilton-Wentworth DSB
Elementary764 m8.3 / 10
83% met the standard · 3 of 6 measures
Yorkview School
Hamilton-Wentworth DSB
Elementary1.2 km9.0 / 10
90% met the standard · 3 of 6 measures
St. Augustine Catholic Elementary School
Hamilton-Wentworth CDSB
Elementary1.2 km7.7 / 10
77% met the standard
Dundas Central Public School
Hamilton-Wentworth DSB
Elementary1.2 km7.3 / 10
73% met the standard
Glenwood School School
Hamilton-Wentworth DSB
Elementary1.8 kmNot reported
Dundas Valley Montessori SchoolElementary1.6 kmNot reported
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 480 people.

$57,600Median household income
34.1%Own their home
11.1%Detached houses
45.2Median age
22.7%Born outside Canada
35.6%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35250040 — the few blocks around this address, home to 480 people. It describes the area, not this property.

480Population
42.9Average age
2.1Household size
$65,000Average household income
$57,600Median household income
34%Own their home
66%Rent
25%Condominiums
23%Born outside Canada
36%University degree
$720,000Average home value
25%Low income
97%Not in the labour force
35%Never married
Under $5,0002%
$10,000 to $14,9994%
$15,000 to $19,9994%
$20,000 to $24,9995%
$25,000 to $29,9992%
$30,000 to $34,9994%
$35,000 to $39,9997%
$40,000 to $44,9995%
$45,000 to $49,9992%
$50,000 to $59,9997%
$60,000 to $69,9995%
$70,000 to $79,9997%
$80,000 to $89,9994%
$90,000 to $99,9994%
$100,000 and over21%
$100,000 to $124,9997%
$125,000 to $149,9995%
$150,000 to $199,9994%
$200,000 and over2%

Percentages are of the 280 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.

$599,980 · minimum here is $599,980
$13,282.91per month
Borrowed before insurance$2,399,920
Total borrowed$2,399,920
Interest over 25 years at 4.5%$1,584,952

If you rented it out

-$15,666.24per month out of pocket
Rent$0.00
Everything it costs to hold$15,666.24
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 House Ltd Brokerage. Listing data provided by the Toronto Regional Real Estate Board.