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For Sale · Office

689 E BARTON Street E, Hamilton

689 E BARTON Street E, Hamilton, ON L8L3A5

$739,000 total

3,250 SF

Asset Class

Office

Size

3,250 SF

Building class

C

Zoning

CO — Commercial Office

$ / SF

$227

Occupancy

87%

Lot Size

0.07 ac

About this property

Fantastic opportunity! Commercial building with 2 Residential units and a very rare double garage. Large bright commercial space on main level with directional and pot lights. Also features an office, powder room and kitchenette. Full finished basement (1450sq.ft.) with pot lights, rough- ins for bathroom and future kitchen, lots of storage space. Convenient front and back access to the commercial units including double stairways to the basement. Also features an area behind gallery currently a pottery studio consists of an additional 450 sq.ft. Double garage (450 sq.ft.) with extra single parking space across back. The two upper residential units have separate entrances, one with 200 sqft back deck. New flat roof covering 2025, newer pre-owned tankless boiler and hot water heater. Upper residential- 2 fridges, 2 stoves, 1 range hood Commercial- 1 fridge, 1 extra stove (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$739K
Down payment30% · $222K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$36K

Annual cash flow

$-5K

Cash-on-cash

-2.07%

DSCR

0.89

Going-in cap

4.92%

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
Northbridge Logistics981 SF2033-03
Northbridge Logistics1,837 SF2033-03

Area demographics

Trade area within 3 miles of the property.

Population

85,948

Households

29,940

Median income

$81,500

Median age

44.1

Daytime population

79,915

5-yr growth

7.9%

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

Secure deal room

Confidential diligence documents for 689 E BARTON Street E, 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.