For Sale · Retail

C - 1044 CANNON STREET E, Hamilton (Crown Point)

C - 1044 CANNON STREET E, Hamilton (Crown Point), ON L8L2H7

Price on request

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Asset Class

Retail

Size

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Building class

B

Zoning

CB1 — Low Intensity Business

$ / SF

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Occupancy

93%

About this property

Ideally situated close to downtown, The QEW, and The Red Hill Parkway, this 3,800 sq ft Warehouse and Office space is conveniently located in Hamilton. The warehouse has 22-foot span ceilings, a concrete floor with separate door access, and 2 grade-level drive-in truck doors. The finished space includes a retail space or office & accessible washroom with its own bright separate entrance. Parking negotiated. This space has C2 zoning and is ideal for an Artist Studio, Catering Service, Commercial School, Craftsperson Shop, Day Nursery, Financial Establishment, Medical Clinic, Personal Services, Services Establishment, Veterinary Service, or other neighbourhood commercial. Tenant pays Hydro & Gas (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$80K

Annual cash flow

$-3K

Cash-on-cash

-0.69%

DSCR

0.96

Going-in cap

5.34%

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

82,967

Households

32,163

Median income

$134,500

Median age

35.9

Daytime population

122,297

5-yr growth

2.2%

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

Secure deal room

Confidential diligence documents for C - 1044 CANNON STREET E, Hamilton (Crown Point).

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.