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For Sale · Multifamily

43 CROOKS STREET, Hamilton (Strathcona)

43 CROOKS STREET, Hamilton (Strathcona), ON L8R2Z7

$929,000 total

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Asset Class

Multifamily

Size

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Building class

Zoning

RF6 — Medium Density

$ / SF

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Occupancy

91%

About this property

Seize this extremely rare opportunity to own a turn-key rental property just a short walk from the GO Station and Bayfront Park. This beautifully renovated triplex boasts three self-contained units, each with dedicated entrances and separate laundry facilities. With a robust 200 amp service, the property promises reliability and efficiency. Currently fully tenanted with A++ tenants, the units generate impressive monthly rental incomes: Unit 1: $2,300, Unit 2: $1,900, and Unit 3: $1,750. With a gross annual income of $71,400 and an impressive cap rate of 5.95%, this property not only offers excellent cash flow but also peace of mind with quality tenants in place. Don't miss out on this exceptional investment opportunity! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate

Purchase price$929K

Down payment30% · $279K

Interest rate6.25%

Amortization25 years

Occupancy91%

Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$31K

Annual cash flow

$-21K

Cash-on-cash

-7.51%

DSCR

0.59

Going-in cap

3.29%

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

100,449

Households

45,095

Median income

$109,500

Median age

31.8

Daytime population

92,867

5-yr growth

8.3%

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

Secure deal room

Confidential diligence documents for 43 CROOKS STREET, Hamilton (Strathcona).

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.