2 - 46 OTTAWA STREET S, Hamilton (Delta)

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For Sale · Multifamily

2 - 46 OTTAWA STREET S, Hamilton (Delta)

2 - 46 OTTAWA STREET S, Hamilton (Delta), ON L8K2E1

Price on request

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Asset Class

Multifamily

Size

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Building class

Zoning

RA9 — High Rise

$ / SF

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Occupancy

93%

About this property

Welcome to your new home in the heart of Hamilton's charming Delta neighbourhood! This freshly painted 1 Bed + Den, 1 Washroom apartment with private entrance, located on the second floor of a well-maintained triplex, offers the perfect blend of comfort and convenience.Step inside to discover a bright and airy living space, flooded with natural light, creating a warm and inviting atmosphere. The unit features a cozy bedroom, a versatile den perfect for a home office, and a modern washroom.Included in the rent are heat, hydro, water, and one convenient parking spot, making budgeting a breeze. For your laundry needs, a common laundry area is available in the basement.This apartment is ideally suited for a bachelor or a young couple looking to enjoy all the benefits of urban living. Situated just steps away from public transit, you have easy access to Mohawk College and Limeridge Mall. Daily errands are a breeze with grocery stores and other amenities close by. Don't miss out on this fantastic opportunity to live in a vibrant community with all the essentials at your doorstep. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate

Purchase price$1.50M

Down payment30% · $450K

Interest rate6.25%

Amortization25 years

Occupancy93%

Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$80K

Annual cash flow

$-3K

Cash-on-cash

-0.69%

DSCR

0.96

Going-in cap

5.34%

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

68,827

Households

31,379

Median income

$128,500

Median age

36.1

Daytime population

94,451

5-yr growth

3.6%

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

Secure deal room

Confidential diligence documents for 2 - 46 OTTAWA STREET S, Hamilton (Delta).

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.