For Sale · Multifamily

LOWER - 269 STINSON CRESCENT, Hamilton (St. Clair)

LOWER - 269 STINSON CRESCENT, Hamilton (St. Clair), ON L8N1T6

Price on request

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Asset Class

Multifamily

Size

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Building class

C

Zoning

RF6 — Medium Density

$ / SF

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Occupancy

84%

About this property

Welcome to this 1 bedroom unit on a quiet crescent in Hamilton's St. Clair neighbourhood, just off Wentworth St S. The 543 sq ft lower unit has its own private walk-up entrance, a full kitchen, a 3-piece bathroom, and in-suite laundry. Central air and forced air gas heating keep it comfortable year-round. Street parking is available. Steps to parks, schools, public transit, and the Wentworth escarpment stairs, with hospitals and downtown Hamilton a short trip away. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$68K

Annual cash flow

$-15K

Cash-on-cash

-3.26%

DSCR

0.82

Going-in cap

4.56%

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

66,033

Households

23,342

Median income

$120,500

Median age

36.4

Daytime population

109,722

5-yr growth

8.3%

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

Secure deal room

Confidential diligence documents for LOWER - 269 STINSON CRESCENT, Hamilton (St. Clair).

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.