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Business For Sale · Multifamily

28-30 KING STREET W, Haldimand

28-30 KING STREET W, Haldimand, ON N0A1H0

$749,000 total

4,425 SF

Asset Class

Multifamily

Size

4,425 SF

Building class

A

Zoning

RA9 — High Rise

$ / SF

$169

Occupancy

97%

About this property

"Better than new" Multi-Unit Investment Opportunity- Fully Tenanted- Cash Flow Positive!!! Mixed-use Commercial/ Residential property in the heart of Hagersville- only 30 min to Hamilton, Brantford & Hwy 403, 60 min to Mississauga, approx 90 min to Toronto. Fully renovated (2016-2019) 2-storey brick/siding building featuring 2 leased main-level commercial/ office units and 2 leased upper-level residential apartments (one 2-bed, and one 1-bed units). Modern facade with excellent visibility and high pedestrian/vehicle traffic. Includes rare, 10 owned rear surface parking spaces, 4 furnaces, 4 A/C units, 4 water heaters, 4 security cameras, and Duro-Last roof. Extensive upgrades include electrical, plumbing, drywall, cabinetry, vanities, fixtures, and attic insulation. Over 7.2% Cap Rate- see additional information for chattels, fixtures, updates, floor plans & financials. Do NOT enter any units as all viewings must be by appointment only! Please allow 24-48 hrs for showings. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$749K
Down payment30% · $225K
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$27K

Annual cash flow

$-15K

Cash-on-cash

-6.48%

DSCR

0.65

Going-in cap

3.60%

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
Prairie Coffee Roasters2,737 SF2034-11
Prairie Coffee Roasters985 SF2034-11
Prairie Coffee Roasters400 SF2034-11
Prairie Coffee Roasters400 SF2034-11

Area demographics

Trade area within 3 miles of the property.

Population

115,598

Households

49,845

Median income

$96,500

Median age

31.6

Daytime population

160,725

5-yr growth

5.7%

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

Secure deal room

Confidential diligence documents for 28-30 KING STREET W, Haldimand.

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.