Salehian.com 647-325-5000

41 Rymal Road W

Kennedy, Hamilton, L9B 1B5

$1,599,888

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Listed 153 days ago · MLS® X13147504

About this home

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

Type
Commercial Retail
Lot
60.12 × 184.82 ft
Garage
Outside/Surface
Property tax
$22,484 (2025)
Neighbourhood
Kennedy
Municipality
Hamilton

Heating, cooling and services

Heating
Gas Forced Air Open
Air conditioning
Partial
Water and sewer
Sanitary+Storm
Utilities
Yes

Building and exterior

Building area
3,403 Square Feet

More

Possession
TBD
Cross street
Rymal and Upper James
Business type
Automotive Related

History of this address

1 earlier listing at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Walkable

  • 🚆 Hamilton GO Centre6.0 km

Within a 10-minute walk: 2 grocery stores, 26 cafés and restaurants, 2 parks, 2 pharmacies. Nearest grocery: Fortinos (300 m). Nearest park: William Connell City-Wide Park (750 m).

Schools nearby

Elementary

  • Corpus Christi Catholic Elementary School Catholic
    EQAO: Gr 6 reading 98%, math 98%    7 min walk
  • St. Marguerite d'Youville Catholic Elementary School Catholic
    EQAO: Gr 6 reading 90%, math 42%    1.4 km
  • Helen Detwiler Junior Elementary School
    EQAO: Gr 6 reading 76%, math 36%    1.4 km
  • St. Thérèse of Lisieux Catholic Elementary School Catholic
    EQAO: Gr 6 reading 81%, math 55%    1.7 km

Secondary

  • St. Thomas More Catholic Secondary School Catholic
    EQAO: Gr 9 math 48%, literacy test 80%    2.1 km
  • St. Jean de Brebeuf Catholic Secondary School Catholic
    EQAO: Gr 9 math 52%, literacy test 78%    2.5 km

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area L9B

Owners / renters
81% / 19%
Median household income
$105,000
Average age
42
Children under 15
17%
Homes
60% detached, 1% high-rise
Commute by transit
5%
Population
25,025

Languages spoken most at home besides English: Arabic 2.3%, Spanish 1.2%, Italian 1.1%, Assyrian Neo-Aramaic 0.8%.

Flood and conservation No mapped hazard

Not inside a mapped flood plain or regulated area in Niagara Peninsula Conservation’s mapping.

Screening maps only. Ask the conservation authority for a property inquiry before relying on this.

Safety

Crime Severity Index for Hamilton police: 62 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Flood and regulation mapping: Niagara Peninsula Conservation open data. Crime Severity Index: Statistics Canada.

Living here

Commute

To downtown Hamilton: 6 km. Transit times · Driving times

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by RE/MAX GOLD REALTY INC..

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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