For Sale · Office

2B - 468 CUMBERLAND AVENUE, Hamilton (Blakeley)

2B - 468 CUMBERLAND AVENUE, Hamilton (Blakeley), ON L8M3M5

Price on request

785 SF

Asset Class

Office

Size

785 SF

Building class

C

Zoning

CB2 — Central Business

$ / SF

—

Occupancy

90%

About this property

Move into the Historic Paperbox Studio steps from Gage Park; this approx. 785 sq ft space has sunny, west-facing exposure, 15-foot ceilings, and its own 2-piece bathroom, small countertop, and sink. East Hamilton location close to major highways, mountain access, hospitals, public transit, and downtown. Studios, arts, fashion and other thriving business. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$76K

Annual cash flow

$-7K

Cash-on-cash

-1.54%

DSCR

0.92

Going-in cap

5.08%

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)

TenantAreaExpiry
Northbridge Logistics400 SF2032-03
Northbridge Logistics400 SF2032-03

Area demographics

Trade area within 3 miles of the property.

Population

94,397

Households

41,704

Median income

$69,500

Median age

41.3

Daytime population

112,894

5-yr growth

9.3%

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

Secure deal room

Confidential diligence documents for 2B - 468 CUMBERLAND AVENUE, Hamilton (Blakeley).

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.