Business For Sale · Land

70 WEBSTER ROAD, Hamilton (Gershome)

70 WEBSTER ROAD, Hamilton (Gershome), ON L8G5E9

$1.6M total

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Asset Class

Land

Size

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Building class

A

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

97%

Lot Size

1.9 ac

About this property

Welcome to 70 Webster Rd. Hamilton - A rare opportunity to enjoy country living within city limits. Nestled On 1.9 acres just below the Niagara Escarpment. This exceptional property offers the perfect blends of tranquility, convenience and future potential. This spacious four bedroom 2 1/2 bath home provides a peaceful rural setting while being just a short drive to the new Confederation GO station. Major amenities, And scenic local landmarks such as Devils Punch Bowl and Battlefield House. Beyond its charm as a private residence, this property presents incredible development potential, with plan supporting the opportunity to build 16 detached homes or up to 37 townhomes. Situated immediately west of the developing Vienna, Orchard residential subdivision, this site stands poised for significant future growth in one of Hamilton's most desirable escarpment communities. Whether you are looking to settle into a serene family home surrounded by nature or invest in a promising development opportunity, 70 Webster offers endless possibilities in an unbeatable location. The seller is willing to sell together with other neighboring parcels. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.60M
Down payment30% · $480K
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$64K

Annual cash flow

$-25K

Cash-on-cash

-5.18%

DSCR

0.72

Going-in cap

3.99%

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

96,007

Households

45,183

Median income

$81,000

Median age

43.1

Daytime population

145,390

5-yr growth

8.9%

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

Secure deal room

Confidential diligence documents for 70 WEBSTER ROAD, Hamilton (Gershome).

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.