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$643,900 total
—
Asset Class
Multifamily
Size
—
Building class
B
Zoning
RA9 — High Rise
$ / SF
—
Occupancy
92%
Year Built
1940
Exceptional opportunity to own a C5-zoned mixed-use property at the high-visibility corner of Barton St E & Robins Ave! Featuring a legal duplex in a triplex configuration, with 2 bedrooms in each of the two main units plus an additional 1 bedroom basement suite. Situated along a busy, high-traffic street, this property offers excellent street exposure and visibility for entrepreneurs and investors alike. Imagine promoting your business with signage on the front of the building, putting your brand in front of passing traffic every day! The corner location, nearby bus stop and proximity to shopping amenities, including Centre Mall, add to the property's appeal. Explore the possibilities for a live/work setup, a small business, or a variety of permitted commercial uses, including personal service businesses, professional offices and retail, subject to applicable zoning requirements and municipal approvals. The entire property is currently vacant, allowing the new owner to achieve market rents and select their own tenants, a significant advantage for investors! (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$3K
Projected NOI
$30K
Annual cash flow
$-6K
Cash-on-cash
-3.00%
DSCR
0.84
Going-in cap
4.64%
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.
Trade area within 3 miles of the property.
Population
117,964
Households
56,032
Median income
$77,500
Median age
42.5
Daytime population
160,989
5-yr growth
2.8%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 144 ROBINS Avenue, Hamilton.
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.