246 248 OTTAWA STREET, Hamilton (Crown Point)246 248 OTTAWA STREET, Hamilton (Crown Point) — photo 2246 248 OTTAWA STREET, Hamilton (Crown Point) — photo 3246 248 OTTAWA STREET, Hamilton (Crown Point) — photo 4246 248 OTTAWA STREET, Hamilton (Crown Point) — photo 5246 248 OTTAWA STREET, Hamilton (Crown Point) — photo 6246 248 OTTAWA STREET, Hamilton (Crown Point) — photo 7246 248 OTTAWA STREET, Hamilton (Crown Point) — photo 8246 248 OTTAWA STREET, Hamilton (Crown Point) — photo 9246 248 OTTAWA STREET, Hamilton (Crown Point) — photo 10246 248 OTTAWA STREET, Hamilton (Crown Point) — photo 11246 248 OTTAWA STREET, Hamilton (Crown Point) — photo 12246 248 OTTAWA STREET, Hamilton (Crown Point) — photo 13246 248 OTTAWA STREET, Hamilton (Crown Point) — photo 14246 248 OTTAWA STREET, Hamilton (Crown Point) — photo 15246 248 OTTAWA STREET, Hamilton (Crown Point) — photo 16246 248 OTTAWA STREET, Hamilton (Crown Point) — photo 17246 248 OTTAWA STREET, Hamilton (Crown Point) — photo 18246 248 OTTAWA STREET, Hamilton (Crown Point) — photo 19246 248 OTTAWA STREET, Hamilton (Crown Point) — photo 20246 248 OTTAWA STREET, Hamilton (Crown Point) — photo 21246 248 OTTAWA STREET, Hamilton (Crown Point) — photo 22246 248 OTTAWA STREET, Hamilton (Crown Point) — photo 23246 248 OTTAWA STREET, Hamilton (Crown Point) — photo 24246 248 OTTAWA STREET, Hamilton (Crown Point) — photo 25246 248 OTTAWA STREET, Hamilton (Crown Point) — photo 26246 248 OTTAWA STREET, Hamilton (Crown Point) — photo 27
1/27
For Sale · Retail

246 248 OTTAWA STREET, Hamilton (Crown Point)

246 248 OTTAWA STREET, Hamilton (Crown Point), ON L8H3Z7

$849,000 total

3,600 SF

Asset Class

Retail

Size

3,600 SF

Building class

C

Zoning

CNC — Neighbourhood Commercial

$ / SF

$236

Occupancy

87%

About this property

Prime Ottawa Street Mixed-Use Opportunity! Approximately 3,600 sq. ft. property located on busy Ottawa St N in Hamilton. Main floor features a retail unit currently operating as a dry-cleaning business which has been a recognizable, reliable business e in the area for over 2 decades. The second floor offers an apartment with excellent potential, including two front entrances. Excellent high-visibility location with strong exposure and plenty of potential for an owner-user or investor. Fantastic opportunity to add value in a well-established Hamilton commercial corridor! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$849K
Down payment30% · $255K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$39K

Annual cash flow

$-8K

Cash-on-cash

-3.33%

DSCR

0.82

Going-in cap

4.54%

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
Blue Harbour Design1,232 SF2034-12
Blue Harbour Design747 SF2034-12
Blue Harbour Design454 SF2034-12
Blue Harbour Design714 SF2034-12

Area demographics

Trade area within 3 miles of the property.

Population

112,852

Households

39,133

Median income

$130,500

Median age

35.2

Daytime population

148,960

5-yr growth

3%

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

Secure deal room

Confidential diligence documents for 246 248 OTTAWA STREET, 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.