For Sale · Office

987 E KING Street E, Hamilton

987 E KING Street E, Hamilton, ON L8M1C6

Price on request

1,000 SF

Asset Class

Office

Size

1,000 SF

Building class

A

Zoning

CO — Commercial Office

$ / SF

—

Occupancy

93%

Lot Size

0.35 ac

About this property

Beautiful and spacious office space for sublet. You would have the entire unit to yourself. There's a waiting area, kitchen and seating area, room for body workers to practice, and a huge group space to meet individually or with groups of people. This space is incredibly quiet, with a bathroom down the hall, and lots of free parking. Full sublet available from December 2026 to May 2027 to cover my parental leave, with the option to stay a few days a week once I return should it be a good fit. Also available for daily rentals right away on Fridays, Saturdays or Sundays. Will be available for daily rental Monday - Sunday from December 2026 to May 2027. Full sublet for 7 days per week - 1000 + HST = $1130 Daily sublet Option: sublet 1 day per week per month at $290 total (HST included). For example, you would have access to the space every Monday of the month for $290. Ideal for psychotherapists, social workers, solo practitioners, acupuncturists, massage therapists, body workers, reiki practitioners, group facilitators, etc. Reach out to discuss if you'd make a good fit! Located at 987 King St East, Hamilton, On. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$80K

Annual cash flow

$-3K

Cash-on-cash

-0.69%

DSCR

0.96

Going-in cap

5.34%

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.

Rent roll (estimated)

TenantAreaExpiry
Northbridge Logistics925 SF2029-12

Area demographics

Trade area within 3 miles of the property.

Population

105,857

Households

41,465

Median income

$98,000

Median age

33.9

Daytime population

178,228

5-yr growth

0.8%

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

Secure deal room

Confidential diligence documents for 987 E KING Street E, Hamilton.

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.