Business For Sale · Land

353-515 CONCESSION 11 ROAD E, Hamilton (Freelton)

353-515 CONCESSION 11 ROAD E, Hamilton (Freelton), ON L8B0Z1

$9.5M total

—

Asset Class

Land

Size

—

Building class

A

Zoning

UR — Urban Reserve

$ / SF

—

Occupancy

84%

Lot Size

526.98 ac

About this property

Rare opportunity to acquire 5 adjacent parcels of land in the desirable Rural Flamborough community of Hamilton. Located on the north side of Concession 11 East, just west of Milburough Town Line and minutes from the community of Freelton, this expansive offering provides incredible potential for investors, builders, or end users. The properties include existing single-family homes at 353, 385, and 515 Concession 11 East. 385 Concession 11 East also features a large equestrian facility complete with a training track and boarding stable with capacity for up to 120 horses. Ideally situated with convenient access to Highway 6, connecting to the QEW and Highway 401, making travel to Hamilton, Cambridge, and Guelph easy. A unique opportunity in a growing and well-connected rural area. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$9.49M
Down payment30% · $2.85M
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$44K

Projected NOI

$384K

Annual cash flow

$-142K

Cash-on-cash

-4.99%

DSCR

0.73

Going-in cap

4.05%

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

51,741

Households

19,672

Median income

$120,500

Median age

35.8

Daytime population

51,444

5-yr growth

8.4%

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

Secure deal room

Confidential diligence documents for 353-515 CONCESSION 11 ROAD E, Hamilton (Freelton).

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.