For Lease · Multifamily

UPPER - 33 BEHAN STREET, Hamilton (Berrisfield)

UPPER - 33 BEHAN STREET, Hamilton (Berrisfield), ON L8T4N5

Price on request

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RA9 — High Rise

$ / SF

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Occupancy

88%

About this property

Spacious 3-Bedroom Main Floor Bungalow for Lease in Hamilton's Desirable Berrisfield Neighbourhood! Welcome to 33 Behan St, a well-maintained 3-bedroom, l-bathroom main floor bungalow offering 1,071 sq. ft. of comfortable living space. Located on Hamilton Mountain in the family-friendly Berrisfield community, this home is surrounded by mature tree-lined streets, parks, schools, shopping, and convenient transit options.The bright and functional open-concept layout features laminate flooring throughout, a spacious living room with a cozy gas fireplace, three generously sized bedrooms, and a renovated 4-piece bathroom (2022). The updated kitchen is equipped with stainless steel appliances, a centre island, stylish backsplash, and an eat-in dining area, making it ideal for both everyday living and entertaining.Step outside to enjoy the private backyard oasis, perfect for relaxing or hosting family and friends.Conveniently located close to major highways, Mohawk Sports Park, shopping centres, schools, and public transit. Carpet-free home! Laminate flooring installed in all bedrooms in 2022. Bathroom updated in 2022.Tenant responsible for 60% of utilities. (id:66811)

Financial sandbox

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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

44,839

Households

16,502

Median income

$138,000

Median age

39.9

Daytime population

49,934

5-yr growth

1.1%

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

Secure deal room

Confidential diligence documents for UPPER - 33 BEHAN STREET, Hamilton (Berrisfield).

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.