Business For Sale · Multifamily

# MAIN - 759 BARTON STREET E, Hamilton (Stipley)

# MAIN - 759 BARTON STREET E, Hamilton (Stipley), ON L8L3A9

Price on request

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RF6 — Medium Density

$ / SF

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Occupancy

87%

About this property

Excellent commercial lease opportunity in the heart of Hamilton's revitalizing Barton Street East corridor! This fully renovated ground-floor commercial space offers exceptional exposure along a busy main artery with excellent visibility, strong pedestrian activity & consistent vehicle traffic, making it an ideal location for a wide variety of retail, office, professional, medical, studio, service-based or specialty business uses. Flexible C2 Commercial zoning accommodates numerous permitted uses.The space has been extensively renovated with quality finishes throughout, including new drywall, flooring, updated plumbing, electrical trim & a dedicated 200-amp electrical service. Large front-facing windows provide outstanding exposure while allowing an abundance of natural light into the unit, creating a bright & welcoming environment for clients, customers & staff. Separate hydro metering offers added convenience & independent utility management.Street parking is available directly in front of the property. Ideally located just steps from Tim Hortons Field, Centre on Barton, restaurants, cafés, shopping & other established businesses. This growing neighbourhood continues to see significant revitalization, bringing increased residential density & commercial activity to the area.Conveniently situated with easy access to public transit, Downtown Hamilton, Red Hill Valley Parkway, Highway 403 & the QEW, providing excellent connectivity throughout the city & beyond. A fantastic opportunity to establish or relocate your business in a modern, move-in-ready commercial space in one of Hamilton's evolving business districts. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$72K

Annual cash flow

$-11K

Cash-on-cash

-2.40%

DSCR

0.87

Going-in cap

4.82%

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

85,834

Households

36,878

Median income

$116,000

Median age

35.1

Daytime population

90,187

5-yr growth

7.8%

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

Secure deal room

Confidential diligence documents for # MAIN - 759 BARTON STREET E, Hamilton (Stipley).

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.