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Business For Sale · Land

282 MACNAB STREET N, Hamilton (Central)

282 MACNAB STREET N, Hamilton (Central), ON L8L1K4

$1 total

—

Asset Class

Land

Size

—

Building class

C

Zoning

DC2 — Site Specific

$ / SF

—

Occupancy

88%

Lot Size

0.32 ac

About this property

282 McNab Street (the "Site" or " Property" is now available for sale, a 100% freehold interest in a 0.320-acre development site strategically positioned in downtown Hamilton. The Property is primes for a purpose-built rental development and benefits from prior municipal support. Significantly reducing entitlement risk. Newly prepared concept plans propose a 21-storey, 246 unit rental tower. Located less than one block from the west Harbor Go Station, the Site offers unparalleled access to high-order regional transit. This is a rare opportunity to secure a transit-oriented , high-density rental site in one of southern Ontario's fastest-growing urban markets. The property aligns with institutional investment criteria seeking scale, durability of income, and long-term capital appreciation, above all commercial is pleased to present this offering to market. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1
Down payment30% · $0
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$0

Annual cash flow

$-0

Cash-on-cash

-18.47%

DSCR

0.00

Going-in cap

0.00%

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

62,005

Households

24,040

Median income

$87,500

Median age

45.4

Daytime population

61,862

5-yr growth

8.7%

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

Secure deal room

Confidential diligence documents for 282 MACNAB STREET N, Hamilton (Central).

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.