41 Rymal Road W, Hamilton, ON L9B 1B5
Hamilton, ON, L9B 1B5 · Kennedy
About this property
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.
Features & Amenities
- Garage: Outside/Surface
- Cooling: Partial
- Heat Type: Gas Forced Air Open
- Sewer: Sanitary+Storm
Property Details
| Property Type | Commercial |
|---|---|
| Property Sub-Type | Commercial Retail |
| Garage | Outside/Surface |
| Heat Type | Gas Forced Air Open |
| Cooling | Partial |
| Sewer | Sanitary+Storm |
| Annual Tax | $22,484 |
| Tax Year | 2025 |
Building & Construction
- Building Area Total
- 3403
Heating & Cooling
- Heat Type
- Gas Forced Air Open
- Cooling
- Partial
Parking & Garage
- Garage Type
- Outside/Surface
Lot & Land
- Lot Size Units
- Feet
- Lot Depth
- 184.82
- Lot Width
- 60.12
Community & Neighborhood
- Community Features
- Major Highway, Public Transit
Financial & Tax
- Tax Annual Amount
- $22,484
- Tax Year
- 2025
- Possession Type
- Immediate
- Possession Details
- TBD
Utilities & Services
- Sewer
- Sanitary+Storm
- Utilities
- Yes
Additional Details
- Occupant Type
- Owner+Tenant
- County Or Parish
- Hamilton
- Cross Street
- Rymal and Upper James
- Directions
- Lincoln Alex to Upper James North and West on Rymal Road
- Showing Requirements
- List Brokerage
Location
41 Rymal Road W, Hamilton, ON L9B 1B5, Hamilton, ON, L9B 1B5