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Business For Sale · Multifamily

184 KING STREET E, Hamilton (Beasley)

184 KING STREET E, Hamilton (Beasley), ON L8N1B4

$2.5M total

2,088.2 SF

Asset Class

Multifamily

Size

2,088.2 SF

Building class

C

Zoning

RA8 — Medium Rise

$ / SF

$1188

Occupancy

96%

Lot Size

2088.2 ac

About this property

An exceptional investment opportunity in the heart of the Hamilton! This mixed-use multiplex features a thriving commercial café at street level and six beautifully renovated residential units above, each complete with its own in-suite washer and dryer. Fully updated electrical (2023) with separately metered units makes for simplified management and lower operating costs. Ideally located on a high-visibility main road, just minutes from downtown, public transit, restaurants, shopping, and major highway access. A turnkey asset that's perfectly positioned to help grow your investment portfolio. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$2.48M
Down payment30% · $744K
Interest rate6.25%
Amortization25 years
Occupancy96%
Expense growth2.5%

Monthly debt service

$11K

Projected NOI

$108K

Annual cash flow

$-30K

Cash-on-cash

-3.99%

DSCR

0.78

Going-in cap

4.35%

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.

Rent roll (estimated)

TenantAreaExpiry
Prairie Coffee Roasters698 SF2031-06
Prairie Coffee Roasters458 SF2031-06
Prairie Coffee Roasters400 SF2031-06
Prairie Coffee Roasters554 SF2031-06

Area demographics

Trade area within 3 miles of the property.

Population

99,977

Households

37,348

Median income

$85,000

Median age

41.8

Daytime population

148,256

5-yr growth

8.7%

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

Secure deal room

Confidential diligence documents for 184 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.