For Sale · Retail

185-187 KING STREET E, Hamilton (Beasley)

185-187 KING STREET E, Hamilton (Beasley), ON L8N1B3

$1.8M total

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Asset Class

Retail

Size

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Building class

A

Zoning

CSC — Shopping Centre

$ / SF

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Occupancy

93%

About this property

Exceptional three-storey mixed-use investment property featuring two prominent street-level retail storefronts and four well-appointed residential units above. The property offers separately metered gas and hydro, with tenants responsible for their own utilities, helping to streamline operating expenses and enhance overall efficiency.All units benefit from convenient front and rear access, while the commercial component includes a long-established retail tenant, providing additional income stability. With a strong income profile, diversified residential and commercial revenue streams, and desirable downtown exposure, this property represents an excellent opportunity for investors seeking stable cash flow, long-term value, and a quality addition to their real estate portfolio. ( As is). All pics have been AI enhanced (id:66811)

Financial sandbox

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Estimate
Purchase price$1.80M
Down payment30% · $540K
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

Monthly debt service

$8K

Projected NOI

$105K

Annual cash flow

$5K

Cash-on-cash

1.01%

DSCR

1.05

Going-in cap

5.84%

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

105,658

Households

44,961

Median income

$130,000

Median age

36.5

Daytime population

146,857

5-yr growth

7.6%

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

Secure deal room

Confidential diligence documents for 185-187 KING STREET E, Hamilton (Beasley).

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.