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Investment signal

$5,880,000

1837 MAIN STREET W

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Beds

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Baths

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Sqft

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Year

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Type

Retail

Suite

Suite potential

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Hamilton (Ainslie Wood). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Looking for a strong, stable investment in the gas station industry? This Ultramar gas station presents an exceptional opportunity with multiple income streams and consistent performance. Featuring a highly active convenience store generating strong annual revenue-including tobacco, alcohol, and lottery sales-this business benefits from steady daily traffic and healthy margins. The fuel volume is stable at a high level annually, providing a reliable base income. In addition, the property includes a stable in-store tenant operating a sandwich/sub business, contributing consistent rental income while enhancing customer traffic. Surrounded by a high-density residential community with numerous apartment buildings and located near McMaster University, the site enjoys continuous demand from students and local residents. The area is known for its safety and steady foot traffic, making this a dependable, long-term investment with strong growth potential. (id:65958)

Subtype: Retail
Community: Ainslie Wood
Living area: 0
Lot size: 0.33 acres
Lot dimensions: 0.334
On market: Apr 21, 2026
Status changed: Apr 27, 2026
Annual tax: $36,896
Zoning: C2
Photos: 16
MLS#: X13026780
Area: HAMILTON_(AINSLIE_WOOD)

Features and systems

Heating

Forced airNatural gas

Cooling

Fully air conditioned

Negative cash flow ~$6,029/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.15%

Cap rate

3.63%

GRM

16.7

Break-even rent

$35,747

Financing

Down payment$1,176,000

Loan amount$4,704,000

Mortgage$23,834/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$2,695

Insurance$80

Maintenance$4,900

CapEx reserve$2,450

Vacancy loss$1,470

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $23,834/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 27, 2026.