Business For Sale · Multifamily

4049 6 HIGHWAY, Hamilton

4049 6 HIGHWAY, Hamilton, ON L0R1W0

$2.0M total

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RF6 — Medium Density

$ / SF

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Occupancy

97%

Lot Size

10.1 ac

About this property

Rare opportunity to acquire a 10.1-acre parcel at the corner of a high-traffic highway, offering exceptional visibility, strong frontage, and long- term upside. Located just minutes to the airport, this strategically positioned property is currently zoned primarily Agricultural and provides immediate income potential with future redevelopment or severance possibilities, subject to approvals. The property includes two versatile, freestanding buildings with separately metered units, offering flexibility for a range of uses such as residential, office, or service-related applications (subject to zoning). The buildings comprise a total of five self-contained units, all vacant, allowing a purchaser to establish market rents or occupy as required. The unit mix includes one one-bedroom unit and four two-bedroom units. With excellent access, a prominent corner location, and exposure along a major corridor surrounded by agricultural and service-commercial uses, this offering is ideal for investors, owner- operators, or buyers seeking land banking opportunities with income and future potential. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.99M
Down payment30% · $597K
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

Monthly debt service

$9K

Projected NOI

$91K

Annual cash flow

$-19K

Cash-on-cash

-3.25%

DSCR

0.82

Going-in cap

4.57%

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

55,103

Households

22,379

Median income

$76,000

Median age

42.9

Daytime population

88,634

5-yr growth

0.7%

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

Secure deal room

Confidential diligence documents for 4049 6 HIGHWAY, 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.