1/20280 WEIR STREET N, Hamilton (Homeside)
280 WEIR STREET N, Hamilton (Homeside), ON L8H5G3
$2.1M total
7,814.59 SF
Asset Class
Multifamily
Size
7,814.59 SF
Building class
A
Zoning
RF6 — Medium Density
$ / SF
$269
Occupancy
96%
Lot Size
7814.59 ac
About this property
Excellent opportunity to own a well-maintained 11-unit apartment building in Hamilton. Offering 10 one-bedroom units and 1 two-bedroom unit, this income-producing property features individual hydro metering, coin-operated laundry, and an 11-car surface parking lot for added tenant convenience. Five of the units have been recently renovated, providing strong rental appeal and excellent income potential. Conveniently located close to parks, schools, shopping, public transit, and major highway access, this is a fantastic addition to any investment portfolio. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$10K
Projected NOI
$77K
Annual cash flow
$-40K
Cash-on-cash
-6.27%
DSCR
0.66
Going-in cap
3.66%
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)
| Tenant | Area | Expiry |
|---|---|---|
| Summit Trades Supply | 4,549 SF | 2032-12 |
| Summit Trades Supply | 2,968 SF | 2032-12 |
Area demographics
Trade area within 3 miles of the property.
Population
122,191
Households
49,976
Median income
$97,500
Median age
31.3
Daytime population
193,998
5-yr growth
4.8%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 280 WEIR STREET N, Hamilton (Homeside).
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.