$1,599,888
( $470.14Per Sq Foot )
 $8,589 est/mo Sourced by Back At You

41 Rymal Road W,Hamilton, ON L9B 1B5

Hamilton, ON L9B 1B5

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Description

Multi-Income Commercial Investment | Car Wash + 3 Passive Leases Rarely does a commercial asset come to market with this level of capital investment already behind it and this many income streams already producing. This is a fully renovated, 6-bay self-serve coin-operated car wash on a C5-zoned site in Hamilton's most active automotive corridor - generating $125,845 in gross annual revenue from four independent sources, with $473,000+ in documented capital improvements completed in 2023-2024.Income streams: Car wash operations (CPA-confirmed, 2025), dog grooming tenancy to 2027, Freedom Mobile telecom tower lease (auto-renewing), and a newly executed 10-year digital billboard lease with EYE CANDY ADS. Three of the four require zero day-to-day involvement from the owner. The asset has been reset. Environmental remediation completed (clean cert issued 2024). Full asphalt repaving (6,324 sq. ft.). All-new 6-bay car wash equipment under warranty. Tap & Wash cashless payment system installed across all bays - subscription membership model ready to launch with zero additional infrastructure cost. 12-camera HD security system. Remote monitoring app included. Proforma path to 6.9% cap via subscription revenue model already infrastructure-ready. C5 zoning permits mixed-use redevelopment up to 22 metres - the income keeps the asset cash-flowing while long-term options are evaluated.18,500+ daily passing vehicles. Adjacent to Tim Hortons and Volvo Hamilton. Acura, Mercedes-Benz, BMW, Hyundai, Kia, and Nissan dealerships within minutes. 7 minutes to Hamilton International Airport. All financials sourced from 2025 CPA-compiled statements (CSRS 4200). Buyers to conduct independent due diligence.

Details

MLS #X13147504
Listing TypeFor Sale
Sub-TypeResale
StatusNew
Year0
Days On Site94
Listing Provided ByRE/MAX GOLD REALTY INC. | X13147504 187104

Features

SQ Feet3,403
Acreage0.08

Interior

CoolingPartial

Exterior

Community FeaturesMajor Highway, Public Transit
Security FeaturesNo

Utilities

UtilitiesYes
SewerSanitary+Storm

Taxes

Tax Annual Amount22484.17
Tax TypeAnnual
Tax Year2025

Area Information

ProvinceON
CountyHamilton
CityHamilton
Postal CodeL9B 1B5
AreaKennedy
Listing VS Median (in L9B 1B5)
Price:
$1,599,888
low | high
Med:
$1,599,888
50% of Average
sqft:
3,403
low | high
Med:
3,403
50% of Average
$ / sqft:
$470
low | high
Med:
$470
50% of Average
On site:
94
low | high
Med:
94
100% of Average
Sourced by Back At You

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Additional Information

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Learn More About This Property

BRANDON ROWLAND

BRANDON C. ROWLAND

Coldwell Banker The Real Estate Centre

 (416) 676-3380brandonrowland@hotmail.com
ProvinceON
CountyHamilton
CityHamilton
Postal CodeL9B 1B5
AreaKennedy
Listing VS Median (in L9B 1B5)
Price:
$1,599,888
low | high
Med:
$1,599,888
50% of Average
sqft:
3,403
low | high
Med:
3,403
50% of Average
$ / sqft:
$470
low | high
Med:
$470
50% of Average
On site:
94
low | high
Med:
94
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $1.199M - $1.999M
sqft: 2,500 - 4,000
Nearby Listings Property ImageNearby Listings Details
41 Rymal Road E Property Photo 1
$399,888
41 Rymal Road E
Hamilton, ON L9B 1B9
68 Alexsia Street Property Photo 1
$1,128,900
68 Alexsia Street
Hamilton, ON L9B 1J6
Listing Updated: May 20, 2026 at 6:19:55 AM PDT