331 Dundurn St S 2,601 SF Retail Building Hamilton, ON L8P 4L5 For Sale

Prime Commercial Investment Opportunity - 331 Dundurn St S, Hamilton
This exceptional single-tenant commercial property presents a rare opportunity to acquire a turnkey investment in one of Hamilton's most sought-after neighborhoods. Anchored by Rexall Pharmacy, a nationally recognized tenant with a lease extending through 2028, this property offers stable income with significant future redevelopment potential.
Tenant Profile & Lease Details:
The property is occupied by Rexall Pharmacy, a trusted national chain with an established presence in the Canadian market. The current lease provides reliable cash flow through 2028, offering investors peace of mind with a creditworthy tenant that has demonstrated long-term commitment to the location.
Property Condition & Recent Improvements:
This well-maintained property reflects pride of ownership with significant recent capital investments including:
New HVAC system ensuring optimal climate control
Recently resurfaced parking lot providing professional curb appeal
Updated roofing system offering long-term weather protection
Well-preserved brick exterior maintaining strong street presence
The property's excellent condition minimizes immediate capital expenditure requirements, making it an ideal turnkey investment opportunity.
Strategic Location Advantages
Positioned on Dundurn Street South in one of Hamilton's premier neighborhoods, the property benefits from:
High visibility location with strong street presence
Convenient access to Highway 403 for enhanced connectivity
Proximity to the planned LRT line, adding future transit accessibility
Established residential catchment area ensuring consistent customer traffic
Complementary mix of local businesses and services
Zoning & Development Potential:
The property's C2 zoning designation provides exceptional flexibility, permitting a wide range of commercial and residential uses. This versatile zoning creates significant opportunities for future redevelopment or expansion, positioning investors to capitalize on Hamilton's continued growth trajectory.
Investment Highlights
Stable Income Stream: Established national tenant with lease through 2028
Turnkey Operation: Recent improvements minimize immediate capital requirements
Prime Location: Situated in one of Hamilton's top neighborhoods
Future Growth Potential: Positioned to benefit from LRT development and urban intensification
Flexible Zoning: C2 designation allows for diverse future use options
Strong Fundamentals: Well-maintained property in an established commercial corridor
Market Opportunity:
With Hamilton's ongoing development and infrastructure improvements, including the LRT expansion, this property is strategically positioned to benefit from increased property values and development opportunities. The combination of stable current income and future redevelopment potential makes this an attractive addition to any commercial real estate portfolio.
331 Dundurn Street South represents a compelling investment opportunity that delivers both immediate returns and long-term appreciation potential. The property's excellent condition, prime location, and quality tenant make it an ideal acquisition for investors seeking stable commercial real estate with upside potential.