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For Lease · Specialty

6 KELSO STREET, Hamilton (Centremount)

6 KELSO STREET, Hamilton (Centremount), ON L9A1C6

Price on request

—

Asset Class

Specialty

Size

—

Building class

Zoning

US — Urban Services

$ / SF

—

Occupancy

96%

About this property

Exceptional Leasing Opportunity in Centremount Neighbourhood! Situated on a prominent 100 ft. x 120 ft. corner lot offering approximately 12,000 sq. ft. of land, extensively renovated and The property features a wheelchair-accessible layout, an existing sprinkler system, and a lift. The property benefits from legal non-conforming status for a day nursery , as well as a residential care facility or retirement home accommodating. Ideal opportunity for childcare operators, retirement and residential care providers,. The interior has been extensively updated . All the uses, including a residential care facility, retirement home, and day nursery, subject to applicable municipal requirements. Conveniently located near hospitals, established residential communities, public transit, and major transportation routes. An exceptional opportunity for operators seeking an accessible, well-equipped, and adaptable facility in a prime Hamilton location. All proposed uses are subject to municipal confirmation and applicable licensing requirements. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate

Purchase price$1.50M

Down payment30% · $450K

Interest rate6.25%

Amortization25 years

Occupancy96%

Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$84K

Annual cash flow

$775

Cash-on-cash

0.17%

DSCR

1.01

Going-in cap

5.59%

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

131,167

Households

48,721

Median income

$84,500

Median age

41.5

Daytime population

193,634

5-yr growth

3.1%

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

Secure deal room

Confidential diligence documents for 6 KELSO STREET, Hamilton (Centremount).

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.