For Sale · Retail

302 QUEENSTON ROAD, Hamilton (Glenview)

302 QUEENSTON ROAD, Hamilton (Glenview), ON L8K1H1

Price on request

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Asset Class

Retail

Size

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Building class

A

Zoning

CB1 — Low Intensity Business

$ / SF

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Occupancy

84%

About this property

TOC1 Zoning. Versatile second-floor commercial unit located above a automotive garage **(automotive garage is not included in the lease)**, featuring five separate office spaces and parking for up to six vehicles. The unit includes a washroom with a toilet, sink, and shower. Recent renovations include new drywall, fresh paint, and updated flooring, providing a clean and functional workspace. Buyers are advised to independently verify permitted uses, zoning regulations, and municipal requirements with the appropriate municipality. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$68K

Annual cash flow

$-15K

Cash-on-cash

-3.26%

DSCR

0.82

Going-in cap

4.56%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

139,356

Households

52,554

Median income

$91,000

Median age

46

Daytime population

128,890

5-yr growth

7.4%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 302 QUEENSTON ROAD, Hamilton (Glenview).

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.