For Sale · Multifamily

5 - 74 WEST AVENUE N, Hamilton (Beasley)

5 - 74 WEST AVENUE N, Hamilton (Beasley), ON L8L5C2

Price on request

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RF6 — Medium Density

$ / SF

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Occupancy

86%

About this property

This modern, open-concept, one bedroom, two bathroom, loft-style apartment is dripping with style! The "Coach House Loft" offers two levels of beautiful modern decor plus all the amenities of a full private apartment including two story vaulted private entry with exposed beams, sweet sunken living room with fireplace and wine cooler, 2 piece powder room, in-suite laundry, eat-in galley kitchen with granite counter tops and state of the art appliances. Upstairs there's a large bedroom that accommodates a king size bed, has a double closet and ensuite bathroom. Part of 74 West Avenue N. - a historical Italianate Victorian home, restored and modernized and set on a quiet tree-lined downtown street. The "Coach House Loft" is tucked away at the rear of the property with its own private entry - adjacent to a shared back garden and onsite parking. There is ONE onsite parking spot available for this unit off of the rear alleyway. Water, cable, internet, and parking included. Tenant pays hydro. Offered fully or partially furnished as desired. Available November 1st! Excellent Central Hamilton location close to all amenities, shopping, restaurants, and public transit. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$71K

Annual cash flow

$-12K

Cash-on-cash

-2.69%

DSCR

0.85

Going-in cap

4.74%

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

110,315

Households

46,709

Median income

$65,000

Median age

39.2

Daytime population

130,793

5-yr growth

2.1%

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

Secure deal room

Confidential diligence documents for 5 - 74 WEST AVENUE N, Hamilton (Beasley).

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.