For Lease · Multifamily

UNIT 1 - 255 CARSON DRIVE W, Hamilton (Lisgar)

UNIT 1 - 255 CARSON DRIVE W, Hamilton (Lisgar), ON L8T2X8

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

BIGGEST MAIN FLOOR UNIT FOR LEASE!! Welcome to this spacious and carpet-free main floor unit on East Hamilton Mountain, offering over 1300 sq ft of comfortable living space. This home features 3 generous bedrooms, a renovated 5-piece bathroom and a spacious kitchen with plenty of room to cook and entertain. Enjoy the convenience of in-suite laundry, a fenced in backyard and a garage parking with interior access and one parking space in the driveway. Ideally located close to shopping, Mohawk Sports Park, public transit, The Red Hill Valley Parkway and the Alexander Lincoln Parkway, providing easy access to everyday amenities and major routes. A fantastic opportunity to enjoy space, comfort and convenience in a great East Hamilton Mountain, Lisgar neighbourhood. Tenant pays 70% of water and gas. Tenant pays for electricity. AVAILABLE JANUARY 1, 2027. (id:66811)

Financial sandbox

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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

41,664

Households

19,580

Median income

$116,500

Median age

32.9

Daytime population

45,553

5-yr growth

6%

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

Secure deal room

Confidential diligence documents for UNIT 1 - 255 CARSON DRIVE W, Hamilton (Lisgar).

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.