Business For Sale · Land

3266 HOMESTEAD DRIVE, Hamilton (Mount Hope)

3266 HOMESTEAD DRIVE, Hamilton (Mount Hope), ON L0R1W0

$1.1M total

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Asset Class

Land

Size

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Building class

B

Zoning

AG — Agricultural

$ / SF

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Occupancy

96%

About this property

OFFICIAL PLAN DESIGNATED - COMMERCIAL - Attention investors & developers! 84 x 264 ft lot between 3 other parcels of land currently planned for redevelopment , directly across the street from Sonoma Homes subdivision! A once in 50 year opportunity for a qualified purchaser! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.15M
Down payment30% · $345K
Interest rate6.25%
Amortization25 years
Occupancy96%
Expense growth2.5%

Monthly debt service

$5K

Projected NOI

$56K

Annual cash flow

$-8K

Cash-on-cash

-2.22%

DSCR

0.88

Going-in cap

4.88%

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

50,626

Households

21,558

Median income

$72,500

Median age

42.1

Daytime population

78,986

5-yr growth

6.9%

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

Secure deal room

Confidential diligence documents for 3266 HOMESTEAD DRIVE, Hamilton (Mount Hope).

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.