Business For Sale · Land

232 EIGHTH ROAD E, Hamilton

232 EIGHTH ROAD E, Hamilton, ON L8J3M2

$3.4M total

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Asset Class

Land

Size

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Building class

B

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

82%

Lot Size

74 ac

About this property

Extraordinary 74-acre countryside estate ideally positioned on the prominent corner of Eighth Road East and Mud Street in Stoney Creek, offering over 3,700 feet of prime main road frontage, this expansive property blends strategic future development and severance possibilities (subject to approvals), and exceptional long-term land banking potential with the immediate enjoyment of refined rural living, featuring two picturesque ponds including one spring-fed, an established pear orchard, a boutique vineyard, and multiple paddocks that create a scenic and versatile agricultural setting. The impressive infrastructure includes a 44' x 80' pole barn with concrete flooring, hydro, a 14' overhead door and a 14' x 31' insulated heated finished room, a 38' x 60' barn, and a 30' x 53' barn complemented by a 14' x 52' on-site gift shop/storefront offering additional income flexibility. The sprawling custom built bungalow offering 6155 sqft living space, built approximately 30 years ago, offers 3+2 bedrooms and 4 bathrooms with a thoughtfully designed layout that includes a gourmet eat-in kitchen with granite countertops and oversized island, breakfast nook, inviting family room with wood stove, 3-season sunroom overlooking the grounds, formal living and dining rooms with hardwood flooring and French doors, main floor laundry, and a private primary suite with walk-in closet and updated 3-piece ensuite with glass-enclosed tiled shower. The fully finished lower level provides an in-law suite complete with bedroom and ensuite, kitchen, recreation room, exercise room, sitting room and additional bedroom, offering exceptional multi-generational living flexibility. An attached double garage, concrete parking pad and long paved driveway complete this rare offering-an exceptional opportunity to secure scale, frontage, infrastructure and future upside in a growing corridor while enjoying the privacy and serenity of country estate living today. (id:66811)

Financial sandbox

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Estimate
Purchase price$3.39M
Down payment30% · $1.02M
Interest rate6.25%
Amortization25 years
Occupancy82%
Expense growth2.5%

Monthly debt service

$16K

Projected NOI

$153K

Annual cash flow

$-35K

Cash-on-cash

-3.47%

DSCR

0.81

Going-in cap

4.50%

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

133,249

Households

56,665

Median income

$91,500

Median age

46

Daytime population

124,147

5-yr growth

8.4%

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

Secure deal room

Confidential diligence documents for 232 EIGHTH ROAD 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.