For Lease · Multifamily

405 - 325A JAMES STREET S, Hamilton (Durand)

405 - 325A JAMES STREET S, Hamilton (Durand), ON L8P3B7

Price on request

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Asset Class

Multifamily

Size

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Building class

C

Zoning

RF6 — Medium Density

$ / SF

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Occupancy

86%

About this property

Welcome to this updated 1-bedroom unit in a charming heritage-style building in the sought-after Durand neighbourhood, just steps from the downtown Hamilton GO Station and St. Joseph's Hospital. Offering approximately 700 sq ft of bright, functional living space, this unit features a spacious layout with a generous bedroom, well-sized living area, and a modern kitchen complete with essential appliances. Enjoy the convenience of city living with restaurants, shopping, parks, hospitals, and transit all within walking distance, making it ideal for commuters and urban professionals alike. Situated in a solid brick building with surface parking and immediate possession available, this is a fantastic opportunity to lease a well-located, move-in ready home in one of Hamilton's most established communities. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$71K

Annual cash flow

$-12K

Cash-on-cash

-2.69%

DSCR

0.85

Going-in cap

4.74%

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

44,026

Households

16,290

Median income

$138,000

Median age

38.7

Daytime population

50,991

5-yr growth

5.8%

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

Secure deal room

Confidential diligence documents for 405 - 325A JAMES STREET S, Hamilton (Durand).

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.