• Mobile: 416.877.3047
  • Office: 905-272-5000
  • Fax: 905-270-0047

$445,000
Available - For Sale
Listing ID: X12102407
940 Queenston Road , Hamilton, L8G 1B7, Hamilton


MULTIPLE INCOME STREAMS!!! Beloved and Well Established Restaurant & Banquet Hall with extremely loyal following in Stoney Creek. Easy accessibility, plenty of parking and excellent visibility. Sharp Industry Veterans can simultaneously run the banquet hall while operating the restaurant space in the front. Private dining area can be converted back to larger kitchen, if desired. **Rent $5,229. Lease expires June 30, 2027.
Price $445,000
Taxes: $0.00
Tax Type: N/A
Occupancy: Tenant
Address: 940 Queenston Road , Hamilton, L8G 1B7, Hamilton
Postal Code: L8G 1B7
Province/State: Hamilton
Directions/Cross Streets: HWY 8 & Lake Ave. N
Washroom Type No. of Pieces Level
Washroom Type 1 0
Washroom Type 2 0
Washroom Type 3 0
Washroom Type 4 0
Washroom Type 5 0
Category: Without Property
Use: Restaurant
Building Percentage: F
Total Area: 5200.00
Total Area Code:  Square Feet
Retail Area Code: Sq Ft
Area Influences: Major Highway   Public Transit
Business/Building Name: SPASSO
Financial Statement: F
Chattels: T
Franchise: F
Days Open: O
Hours Open: 4-10
Employees #: 15
Seats: 243
Sprinklers: Yes
Washrooms: 3
Outside Storage: T
Heat Type: Gas Forced Air Close
Central Air Conditioning: Yes
Sewers: Sanitary+Storm
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$
$ /Year
%
$ /Year
$ /Year
$ /Year
Years
%
%
Percent Down:
Down Payment $22,250 $44,500 $66,750 $89,000
First Mortgage $422,750 $400,500 $378,250 $356,000
CMHC/GE $16,910 $12,415.5 $10,591 $0
Total Financing $439,660 $412,915.5 $388,841 $356,000
Monthly P&I $2,169.64 $2,037.66 $1,918.86 $1,756.8
Expenses $0 $0 $0 $0
Total Payment $2,169.64 $2,037.66 $1,918.86 $1,756.8
Income Required $81,361.6 $76,412.37 $71,957.25 $65,879.84

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

$
%
Years
This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX ULTIMATE REALTY INC.
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Paul Sanghera
Sales Representative
Dir:
416.877.3047
Bus:
905-272-5000
Fax:
905-270-0047
 
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At a Glance:
Type: Com - Sale Of Business
Area: Hamilton
Municipality: Hamilton
Neighbourhood: Stoney Creek
Style:
Lot Size: x 0.00(Feet)
Approximate Age:
Tax: $0
Maintenance Fee: $0
Beds: 0
Baths: 3
Garage: 0
Fireplace: N
Air Conditioning:
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