For Sale · Specialty

302 QUEENSTON Road, Hamilton

302 QUEENSTON Road, Hamilton, ON L8K1H1

Price on request

822 SF

Asset Class

Specialty

Size

822 SF

Building class

A

Zoning

DC2 — Site Specific

$ / SF

—

Occupancy

83%

About this property

TOC1 Zoning. Versatile second-floor commercial unit located above a automotive garage **(automotive garage is not included in the lease)**, featuring five separate office spaces and parking for up to six vehicles. The unit includes a washroom with a toilet, sink, and shower. Recent renovations include new drywall, fresh paint, and updated flooring, providing a clean and functional workspace. Buyers are advised to independently explore permitted uses, zoning regulations, and applicable municipal requirements with the appropriate municipality. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy83%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$67K

Annual cash flow

$-16K

Cash-on-cash

-3.54%

DSCR

0.81

Going-in cap

4.48%

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
Cascade Foods Inc.678 SF2029-09

Area demographics

Trade area within 3 miles of the property.

Population

116,117

Households

53,145

Median income

$66,000

Median age

42.4

Daytime population

188,994

5-yr growth

8.9%

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

Secure deal room

Confidential diligence documents for 302 QUEENSTON Road, Hamilton.

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.