For Sale · Multifamily

404 - 56 YORK BOULEVARD, Hamilton (Central)

404 - 56 YORK BOULEVARD, Hamilton (Central), ON L8R0A2

Price on request

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Asset Class

Multifamily

Size

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Building class

C

Zoning

RF6 — Medium Density

$ / SF

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Occupancy

84%

About this property

| TWO MONTHS FREE on a 12-month lease | The Residences at Coppley: a 36-unit boutique rental building by award-winning Hamilton developer Core Urban, reimagined from a storied 1911 building - once one of the city's textile factories. This beautifully designed 1-bedroom, 1-bathroom suite offers a unique blend of historic character and contemporary living, overlooking the beautiful historic courtyard. Featuring a charming Juliet balcony. The kitchen features quartz countertops and stainless steel appliances, in-suite laundry, luxury vinyl plank flooring, and individually controlled heating and cooling. Residents enjoy secure controlled entry, bicycle storage, on-site management, and a pet-friendly community, with retail and commercial conveniences at street level. Located at York Boulevard and MacNab Street steps from the Hamilton Farmers' Market, Jackson Square, TD Coliseum, Bayfront Park, the West Harbour waterfront, restaurants, breweries, and local shops. Enjoy easy access to HSR, West Harbour GO, Highway 403, and the QEW. Old Hamilton character. New Hamilton living. Parking available monthly nearby. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$68K

Annual cash flow

$-15K

Cash-on-cash

-3.26%

DSCR

0.82

Going-in cap

4.56%

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

96,581

Households

37,073

Median income

$98,500

Median age

32.2

Daytime population

106,577

5-yr growth

6.8%

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

Secure deal room

Confidential diligence documents for 404 - 56 YORK BOULEVARD, Hamilton (Central).

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.