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For Sale · Specialty

246-248 OTTAWA Street N, Hamilton

246-248 OTTAWA Street N, Hamilton, ON L8H3Z7

$999,000 total

3,600 SF

Asset Class

Specialty

Size

3,600 SF

Building class

C

Zoning

US — Urban Services

$ / SF

$278

Occupancy

100%

About this property

Prime Ottawa Street Mixed-Use Opportunity! Approximately 3,600 sq. ft. property located on busy Ottawa St N in Hamilton. Main floor features a retail unit currently operating as a dry-cleaning business which has been a recognizable, reliable business e in the area for over 2 decades. The second floor offers an apartment with excellent potential, including two front entrances. Excellent high-visibility location with strong exposure and plenty of potential for an owner-user or investor. Fantastic opportunity to add value in a well-established Hamilton commercial corridor! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$999K
Down payment30% · $300K
Interest rate6.25%
Amortization25 years
Occupancy100%
Expense growth2.5%

Monthly debt service

$5K

Projected NOI

$69K

Annual cash flow

$13K

Cash-on-cash

4.45%

DSCR

1.24

Going-in cap

6.88%

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
Summit Trades Supply1,139 SF2027-05
Summit Trades Supply774 SF2027-05
Summit Trades Supply538 SF2027-05
Summit Trades Supply1,142 SF2027-05

Area demographics

Trade area within 3 miles of the property.

Population

70,894

Households

26,314

Median income

$94,000

Median age

45.6

Daytime population

116,950

5-yr growth

5.9%

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

Secure deal room

Confidential diligence documents for 246-248 OTTAWA Street N, 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.