For Lease · Multifamily

MAIN - 259 VICTORIA AVENUE N, Hamilton (Landsdale)

MAIN - 259 VICTORIA AVENUE N, Hamilton (Landsdale), ON L8L5G3

Price on request

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Asset Class

Multifamily

Size

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Building class

C

Zoning

RA8 — Medium Rise

$ / SF

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Occupancy

95%

About this property

2 Bedroom Plus Den For Lease in Prime Location. Separate Entrance. Basement not included For Use. Freshly Painted. Newer Flooring and updated Bathroom and Kitchen. Spacious Living and Dining Area. Extra Parking $50/mo. Water Included. Tenant to pay Hydro. Coin Laundry in Basement. Located just steps from Hamilton General Hospital and Ron Joyce Children's Health Centre, Conveniently close to Shoppers Drug Mart, Food Basics, Canadian Tire, public transit, schools, parks, and other everyday amenities, with easy access to major highways and downtown Hamilton. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$83K

Annual cash flow

$-511

Cash-on-cash

-0.11%

DSCR

0.99

Going-in cap

5.51%

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

113,868

Households

47,450

Median income

$108,500

Median age

32.4

Daytime population

96,975

5-yr growth

8.1%

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

Secure deal room

Confidential diligence documents for MAIN - 259 VICTORIA AVENUE N, Hamilton (Landsdale).

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.