For Lease · Multifamily

BASEMENT - 348 SPRINGBROOK AVENUE, Hamilton (Ancaster)

BASEMENT - 348 SPRINGBROOK AVENUE, Hamilton (Ancaster), ON L9K0K3

Price on request

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RA8 — Medium Rise

$ / SF

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Occupancy

88%

About this property

Welcome to this stunning newly finished basement suite offering comfort, convenience, and modern living in a prime location! Featuring 2 bedrooms and a 3 piece bathroom, the unit is designed with large windows that let in plenty of natural light, creating a bright and welcoming living space. The apartment comes fully furnished and includes new appliances along with in-suite laundry, making it completely move-in ready. Enjoy the privacy of your own separate entrance and the ease of ample street parking. Located in a quiet friendly neighbourhood, you'll be just minutes away from two elementary schools, Redeemer University, Mohawk College, and shopping is also conveniently nearby. High-speed internet is included, so you can work or study from home with ease. With its modern finishes, thoughtful layout, and unbeatable location, this bright and beautifully updated basement apartment is a must see! Don't miss out on this fantastic leasing opportunity - schedule a showing today and make this beautiful space your next home! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$74K

Annual cash flow

$-10K

Cash-on-cash

-2.11%

DSCR

0.89

Going-in cap

4.91%

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

47,018

Households

16,256

Median income

$109,000

Median age

32.3

Daytime population

54,231

5-yr growth

8.7%

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

Secure deal room

Confidential diligence documents for BASEMENT - 348 SPRINGBROOK AVENUE, Hamilton (Ancaster).

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.