For Sale · Multifamily

211 WENTWORTH STREET N, Hamilton (Landsdale)

211 WENTWORTH STREET N, Hamilton (Landsdale), ON L8L5V6

$454,000 total

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Asset Class

Multifamily

Size

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Building class

C

Zoning

RA9 — High Rise

$ / SF

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Occupancy

82%

About this property

LEGAL DUPLEX SET UP AS A FOURPLEX with private parking at back for 3 vehicles. 4 separate hydro meters installed before 2012. Wheelchair ramp at back. Amazing Opportunity to renovate and rent out the four units or live in one and rent 3. sitting on a 36x138 foot lot with over 2100 square feet above ground plus 975 in basement. Please allow 24 hours irrevocable and include probate clause in all offers. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$454K
Down payment30% · $136K
Interest rate6.25%
Amortization25 years
Occupancy82%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$17K

Annual cash flow

$-8K

Cash-on-cash

-6.14%

DSCR

0.67

Going-in cap

3.70%

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

58,764

Households

20,375

Median income

$102,500

Median age

45.1

Daytime population

55,027

5-yr growth

1.1%

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

Secure deal room

Confidential diligence documents for 211 WENTWORTH STREET N, Hamilton (Landsdale).

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.