Business For Sale · Land

719 KNOX AVENUE, Hamilton (Parkview)

719 KNOX AVENUE, Hamilton (Parkview), ON L8H6K7

$799,000 total

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Asset Class

Land

Size

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Building class

C

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

93%

About this property

Rare Opportunity on a Premium Lot in East Hamilton! This nearly 1-acre parcel lot offers endless potential for investors, builders, and savvy homebuyers. Situated in a rapidly evolving neighbourhood, the property features an existing home that can be lived in or rented out for income while planning development. Pre-approved zoning for the construction of up to 4 single-family homes, with exciting re-zoning potential for increased density. Municipal gas, water, and sewer lines are already connected! A major cost-saving advantage for future development. Located just minutes from the QEW and approximately 1 hour to the GTA, making it an ideal commuter location. Whether you're looking to develop immediately, land bank, or generate rental income, this property checks all the boxes. Don't miss your chance to invest in one of Hamiltons most promising growth pockets! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$799K
Down payment30% · $240K
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$37K

Annual cash flow

$-7K

Cash-on-cash

-2.89%

DSCR

0.84

Going-in cap

4.67%

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

121,841

Households

52,701

Median income

$138,000

Median age

40.1

Daytime population

189,384

5-yr growth

5.7%

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

Secure deal room

Confidential diligence documents for 719 KNOX AVENUE, Hamilton (Parkview).

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.