1/47953 QUEENSDALE Avenue E, Hamilton
953 QUEENSDALE Avenue E, Hamilton, ON L8T1H5
$819,000 total
1,551 SF
Asset Class
Specialty
Size
1,551 SF
Building class
C
Zoning
US — Urban Services
$ / SF
$528
Occupancy
97%
Year Built
1956
Lot Size
0.07 ac
About this property
Completely renovated commercial building boasting desired central Mountain location offering close proximity to popular amenities, city transit, Juravinski Hospital/Concession Street district plus easy access to Linc/Red Hill & downtown exits. Includes solid 1,560sf concrete block building features large front concrete parking pad, spray foam insulated perimeter walls & attic-2019, torched membrane premium roof covering-2019, premium front display windows-2019, remaining windows-2019, exterior doors-2019, new plumbing/wiring-2019, drywall-2019, freshly painted attractive coloured exterior & neutral inspired interior-2019 + laminate flooring-2019. Includes 820 square feet clear span retail unit offering excellent visual exposure for the high volume of daily pedestrian & vehicle traffic features 10ft ceiling height, 2pc bath & convenient coffee bar nook. Currently utilized as a contractor’s office - the zoning allows for several other permitted uses including dance studio, gym, retail store or professional office. Enter through wrought iron side gate and follow walk-way to rear of building where you find beautifully renovated 2 bedroom multi-level rental unit enjoys side entrance to open concept eat-in kitchen sporting dark cabinetry, adjacent dining area plus huge double door closet/pantry with modern 4pc bath ensuring all main level space is utilized. 2 roomy bedrooms highlight upper level include oversized windows sun-drenched with natural light. Relax or entertain in the basement level family room boasting large above large window continuing to separate laundry room incorporating the new n/gas furnace equipped with central air-2019, owned n/gas hot water heater, 200 amp hydro service & desired man door walk-out to private, fenced rear yard. Opportunities like this don’t come along every day - exceptional exposure & incredible versatility - the perfect combination to live where you work or ideal investment property generating positive revenue stream. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$4K
Projected NOI
$62K
Annual cash flow
$17K
Cash-on-cash
6.96%
DSCR
1.38
Going-in cap
7.63%
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)
| Tenant | Area | Expiry |
|---|---|---|
| Halcyon Wealth Partners | 1,034 SF | 2029-01 |
| Halcyon Wealth Partners | 400 SF | 2029-02 |
| Halcyon Wealth Partners | 400 SF | 2029-01 |
Area demographics
Trade area within 3 miles of the property.
Population
56,473
Households
23,901
Median income
$105,000
Median age
43.7
Daytime population
87,509
5-yr growth
2.3%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 953 QUEENSDALE Avenue E, Hamilton.
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.