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Institutional Property For Sale at MAIN in Hamilton, Ontario

4 Sale ID #478908
Updated 05 Mar 2026

Asking Price

$1,900,000

Cap Rate help The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

N/A

Lot Size

N/A

Building Size

N/A

Premise Summary

First Pilgrim United Church is a well maintained Beaux Arts institutional property prominently located in Hamilton’s downtown core. Constructed in 1912, the building showcases an impressive architectural presence with its symmetrical facade, six full height Corinthian columns, and classic stone detailing. Offering nearly 20,000 sq ft of usable space across the main level mezzanine and finished basement, the property provides a highly functional and versatile layout. The bright and spacious sanctuary was substantially updated as part of extensive building wide renovations completed in 1984. It features beautiful woodwork, stained glass elements, an organ loft, and an upper balcony with additional seating and an integrated audio visual booth overlooking the main hall. The building includes a full gymnasium and hall, a commercial style kitchen, multiple offices, reception areas, meeting rooms, and a functioning elevator servicing the main and lower level. Most of the current expenses are covered by a portion of the lower level and various other rooms currently leased, generating approximately $6,900 in monthly income. Positioned along a major downtown corridor, the property offers excellent visibility and easy access to public transportation. With its generous square footage, strong architectural character, and well maintained condition, this landmark building is suited for continued institutional use or a wide range of future redevelopment possibilities. (id:39198)

  • MLS® : #40786517
  • Date Listed : 02 Dec 2025

Location

Province

Ontario

City

Hamilton

Address

Main

Postal Code

L8N1H3

Location Highlights

N/A

Listed by

M. Marel Real Estate Inc. Ontario listing

Category

institutional-properties

Property Information

Premise Status

N/A

With Accommodation

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Tenancy

N/A

Lot Size

N/A

Available Space

N/A

Building Size

19,639

Year Built

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Years Remaining in Current Lease Term

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Renewal Options

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Operational Information

Number of Working Owners

N/A

Current Owner - years

N/A

FF & E help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.

Not Included

Franchise

N/A

Financial Information

Yearly Rate

$1,900,000

Asking Price

$1,900,000

Cap Rate help The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

N/A

NOI help Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.

N/A

Gross Revenue- annual

N/A

Cash Flow - annual help 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)

N/A

EBITDA help Earnings Before Interest, Taxes, Depreciation, Amortization.

N/A

Premises Size (square feet)

19,639

Other Information

Owner willing to Finance

N/A

Absentee Owner

N/A

Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


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