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Downtown Hamilton drop-in hopes to stay where it is despite its Vine Street home up for sale

Downtown Hamilton drop-in hopes to stay where it is despite its Vine Street home up for sale

Global News
Wednesday, March 20, 2024 07:38:16 PM UTC

The executive director of The Hub in downtown Hamilton says their building has been up for sale for months and finding a potential replacement maybe challenging.

The executive director of an evening drop-in that offers refuge to those unhoused in Hamilton, Ont. hopes the outlet will get another couple of years out of a downtown location before it’s sold.

The Hub’s Jennifer Bonner says the building that houses their services, inside a commercial building on Vine Street just north of York Boulevard, has been up for sale since late 2023.

She insists low vacancy rates and high property values in the downtown core make it a “tough one” in terms of finding an alternative should they be forced to relocate.

“We know that we’re not going to be able to find something in the downtown core … that is feasible to service the number of folks that we do in that four-hour window,” Bonner suspects.

A post on Realtor.ca assesses the value of the 3,600 square foot solid brick building at around $1.5 million and boasts “incredible potential” for a medical office, restaurant or retail due to its proximity to FirstOntario Centre, the downtown library and farmer’s market.

Re/Max Escarpment Realtor Phil Golfi characterizes the listing as a “tough sell” particularly as a stand-alone property considering the listing price and size.

He says its usage as a drop-in is probably ideal considering it’s in an area with little parking.

“It would have to be accumulated with other properties, neighboring properties, to be able to support a different type of project,” Golfi suggests. “It’s a tough sell for the price, in my opinion. I do think the price is rich for future use in terms of what it’s zoned for right now.”

Read full story on Global News
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