For Sale · Multifamily

144 ROBINS Avenue, Hamilton

144 ROBINS Avenue, Hamilton, ON L8H4N8

$643,900 total

—

Asset Class

Multifamily

Size

—

Building class

B

Zoning

RA9 — High Rise

$ / SF

—

Occupancy

92%

Year Built

1940

About this property

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)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$644K
Down payment30% · $193K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

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.

Area demographics

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.

Secure deal room

Confidential diligence documents for 144 ROBINS Avenue, 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.