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340 York Blvd 16,060 SF 100% Leased Office Building Hamilton, ON L8R 3L1 $3,762,107 USD ($234.25 USD/SF) 5.25% Cap Rate
INVESTMENT HIGHLIGHTS
- New roof (2023) and parking lot (2024) reduce near-term expenses.
- 1,700 sq ft fully built-out medical suite available immediately.
- 5.25% Cap Rate with room to increase through lease restructuring or tenant turnover.
- Adjacent to the $300M TD Arena and high-rise developments.
EXECUTIVE SUMMARY
Situated in Hamilton’s medical core, near hospitals, clinics & transit
High visibility and walkability—ideal for healthcare professionals. An exceptional opportunity in the heart of Hamilton’s thriving medical district, this 16,060 sq ft multi-use commercial property offers stable income, built-in upside, and long-term redevelopment potential. 1,300 sq ft walk-out lower level (currently storage) offers future income upside. Strategically located on a full city block—ideal for future redevelopment (subject to zoning).
High visibility and walkability—ideal for healthcare professionals. An exceptional opportunity in the heart of Hamilton’s thriving medical district, this 16,060 sq ft multi-use commercial property offers stable income, built-in upside, and long-term redevelopment potential. 1,300 sq ft walk-out lower level (currently storage) offers future income upside. Strategically located on a full city block—ideal for future redevelopment (subject to zoning).
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
16,060 SF
Building Class
B
Year Built
1984
Price
$3,762,107 USD
Price Per SF
$234.25 USD
Cap Rate
5.25%
NOI
$197,511 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
5,353 SF
Slab To Slab
11’
Building FAR
0.67
Lot Size
0.55 AC
Zoning
H/S 481, H/S 745 - Specified zoning
Parking
20 Spaces (1.25 Spaces per 1,000 SF Leased)
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Prime 1,736 sq. ft. main-floor commercial space in Strathcona. Includes reception, Kitchenette, 6 offices, and shared washroom. Surrounded complementary businesses (dental, pharmacy, Pilates, Physio) with plenty of parking. Close to amenities and the new TD Coliseum
| Space | Size | Space Use | Condition | Available |
| 2nd Fl-Ste 201 | 1,736 SF | Office | Full Build-Out | 30 Days |
2nd Fl-Ste 201
| Size |
| 1,736 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
2nd Fl-Ste 201
| Size | 1,736 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | 30 Days |
Prime 1,736 sq. ft. main-floor commercial space in Strathcona. Includes reception, Kitchenette, 6 offices, and shared washroom. Surrounded complementary businesses (dental, pharmacy, Pilates, Physio) with plenty of parking. Close to amenities and the new TD Coliseum
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Walk Score®
Walker's Paradise (93)
Transit Score®
Excellent Transit (77)
Bike Score®
Biker's Paradise (90)
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340 York Blvd
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