1516 Main St W is an investment in Hamilton, listed for $3,300,000.
1Located directly along the planned Hamilton LRT corridor, with the proposed McMaster University stop nearby, the property benefits from excellent walkability, transit access and long-term intensification potential.
2Buyers to complete their own due diligence regarding zoning, development feasibility and future use.
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Zara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
Commercial Property in Hamilton
About 1516 Main Street West
Exceptional investment and redevelopment opportunity approximately 400 metres from McMaster University. 1516 Main Street West is a purpose-built student rental property featuring 12 private single-bedroom units over three storeys, with four bedrooms, a shared kitchen and a shared bathroom on each floor, plus common laundry facilities. The property offers multiple investment strategies, including continued operation as student housing, renovation and repositioning to enhance rental income, or future redevelopment. Located directly along the planned Hamilton LRT corridor, with the proposed McMaster University stop nearby, the property benefits from excellent walkability, transit access and long-term intensification potential. The neighbouring properties at 1520 Main Street West and 2 Norfolk Street are also currently offered for sale, creating a potential larger scale assembly opportunity for a student housing or residential development. A rare opportunity to acquire an income-producing asset with value-add upside, redevelopment potential and strategic proximity to one of Canada's leading universities. Buyers to complete their own due diligence regarding zoning, development feasibility and future use.
Hamilton investment priced at $3,300,000 — book a tour to see if it fits your search.
Inside 1516 Main St W
Every detail from the listing, in one place.
Type
Investment
Features & systems
Lot & land
Lot size (sqft)
0
Listing & possession
Property class
Investment
1516 Main St W Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X13709908$3,300,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 1516 Main St W Compares to the Hamilton Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Zara’s estimate
$•,•••,•••
Estimated from city-wide sales. There isn’t enough detail on this listing to rate the price.
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.
Average days on market41Homes sold in about 41 days on average.
Sale-to-list ratio97.1%On average, homes sold below asking.
Active listings2,539Homes for sale here right now.
Median vs prior 90 days−2.5%Compared with Apr 25 – Jul 24, 2026: prices down.
Based on 1,842 sales from Jul 24 – Oct 22, 2026 (1,482 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
1516 Main St W is listed at $3,300,000 (MLS® X13709908). Summitly updates the price as soon as the MLS® record changes.
Has the price of 1516 Main St W changed?
No — 1516 Main St W is still listed at its original asking price of $3,300,000.
How many bedrooms and bathrooms does 1516 Main St W have?
The listing for 1516 Main St W doesn't publish its bedroom and bathroom count. It is a commercial property in Hamilton.
Is 1516 Main St W close to transit?
The nearest rapid-transit station is Hamilton GO Centre GO Station (Lakeshore West GO), about 4.4 km in a straight line. West Harbour GO Station is about 4.7 km. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How does 1516 Main St W compare with other homes in Hamilton?
Its asking price of $3,300,000 is about 389% above the median sold price in Hamilton over the last 90 days, $675,000, across 1,842 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 1516 Main St W been sold before?
Summitly has no earlier MLS® sale or lease of 1516 Main St W on record from the last two years. Older records aren't shown under TRREB rules.
Where is 1516 Main St W?
1516 Main St W is in Hamilton, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 1516 Main St W been on the market?
63 days — 1516 Main St W was listed on August 20, 2026.
What is the land transfer tax on 1516 Main St W?
About $68,975 in Ontario land transfer tax at the asking price of $3,300,000. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
How do I book a viewing of 1516 Main St W or make an offer?
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.
What is the property tax for 1516 Main St W?
The listing for 1516 Main St W doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Hamilton.
When was 1516 Main St W built?
The listing for 1516 Main St W doesn't publish a year built. A Summitly agent can ask the listing brokerage for it.
