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For Sale · Specialty

1247 OLD HIGHWAY 8, Hamilton

1247 OLD HIGHWAY 8, Hamilton, ON L0R1Z0

$799,900 total

1,568 SF

Asset Class

Specialty

Size

1,568 SF

Building class

C

Zoning

DC2 — Site Specific

$ / SF

$510

Occupancy

98%

About this property

An exceptional opportunity to acquire commercially zoned land in the heart of Sheffield, Ontario. Situated along a high visibility stretch of Old Highway 8, this expansive parcel offers flexible industrial/commercial zoning, making it ideal for a wide range of uses including warehousing, contractor yard, light manufacturing, equipment storage, or future development. The property benefits from excellent road frontage and easy access to nearby transportation routes, including Highway 401 and Highway 8, connecting Cambridge, Hamilton, and the wider Golden Horseshoe region. With limited industrial land inventory in the area, this site presents strong long-term investment potential or a perfect location for an owner-user seeking room to grow. Residential and commercial property with house and shop (currently operating as a mechanic shop). (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$800K
Down payment30% · $240K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$65K

Annual cash flow

$20K

Cash-on-cash

8.49%

DSCR

1.46

Going-in cap

8.09%

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
Meridian Health Group1,532 SF2033-01

Area demographics

Trade area within 3 miles of the property.

Population

68,753

Households

25,422

Median income

$92,000

Median age

42.8

Daytime population

84,506

5-yr growth

5%

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

Secure deal room

Confidential diligence documents for 1247 OLD HIGHWAY 8, Hamilton.

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.