An exceptional opportunity to acquire commercially zoned land in the heart of Sheffield, Ontario. Situated along a high visibility stretch of Old Highway 8, this expansive parcel offers flexible industrial/commercial zoning, making it ideal for a wide range of uses including warehousing, contractor yard, light manufacturing, equipment storage, or future development. The property benefits from excellent road frontage and easy access to nearby transportation routes, including Highway 401 and Highway 8, connecting Cambridge, Hamilton, and the wider Golden Horseshoe region. With limited industrial land inventory in the area, this site presents strong long-term investment potential or a perfect location for an owner-user seeking room to grow. Residential and commercial property with house and shop (currently operating as a mechanic shop).
3 bedrooms, 2 bathrooms, about 1,100 sq ft, works out to roughly $727 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 1247 Old 8 Hwy
Every detail from the listing, in one place.
Type
Detached
Style
1 1/2 Storey
Living space
1100-1500 sq ftas stated on the listing
Parking
8 spacesYes garage
Basement
Full, Unfinished
Features & systems
Parking & garage
Garage
Yes
Parking spaces
8
Interior
Basement
Full · Unfinished
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
1 1/2 Storey
Property class
Detached
1247 Old 8 Hwy Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14163364$799,900
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 1247 Old 8 Hwy Compares to the Hamilton Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$3,930
/mo
based on the purchase price of $799,900
$159,980 cash
$639,920 financed
$538,981 total interest
Principal54%$639,920
Interest46%$538,981
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
For homeowners nearby
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Hamilton
Other 3–4 bed homes for sale in Hamilton around $800K.
Average days on market41Homes sold in about 41 days on average.
Sale-to-list ratio97.0%On average, homes sold below asking.
Active listings2,433Homes for sale here right now.
Median vs prior 90 days−3.0%Compared with May 13 – Aug 11, 2026: prices down.
Based on 1,830 sales from Aug 11 – Nov 9, 2026 (1,557 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 1247 Old 8 Hwy
How much is 1247 Old 8 Hwy listed for?
1247 Old 8 Hwy is listed at $799,900 (MLS® X14163364). Summitly updates the price as soon as the MLS® record changes.
Is $799,900 a good price for 1247 Old 8 Hwy?
Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in Hamilton. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 1247 Old 8 Hwy changed?
No — 1247 Old 8 Hwy is still listed at its original asking price of $799,900.
How many bedrooms and bathrooms does 1247 Old 8 Hwy have?
1247 Old 8 Hwy has 3 bedrooms and 2 bathrooms, with about 1,100–1,500 square feet of living space. It is a detached home in Hamilton.
How much would the monthly mortgage be on 1247 Old 8 Hwy?
About $3,930 a month — principal and interest on $799,900 with 20% down ($159,980), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 1247 Old 8 Hwy compare with other homes in Hamilton?
Its asking price of $799,900 is about 19% above the median sold price in Hamilton over the last 90 days, $674,000, across 1,830 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 1247 Old 8 Hwy been sold before?
Summitly has no earlier MLS® sale or lease of 1247 Old 8 Hwy on record from the last two years. Older records aren't shown under TRREB rules.
Where is 1247 Old 8 Hwy?
1247 Old 8 Hwy is in Hamilton, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 1247 Old 8 Hwy been on the market?
1247 Old 8 Hwy was listed today (November 9, 2026).
What is the price per square foot of 1247 Old 8 Hwy?
About $533 to $727 per square foot: the asking price of $799,900 over the 1,100–1,500 sq ft the listing gives as its size range.
Does 1247 Old 8 Hwy have parking or a garage?
Yes — the listing gives 8 parking spaces. Garage: Yes.
Does 1247 Old 8 Hwy have a basement, and is it finished?
The listing describes the basement as: Full, Unfinished.
