For Lease · Office

200 MAIN STREET E, Hamilton (Corktown)

200 MAIN STREET E, Hamilton (Corktown), ON L8N1H3

Price on request

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Asset Class

Office

Size

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Building class

B

Zoning

DC1 — Direct Control

$ / SF

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Occupancy

84%

About this property

Downtown Hamilton Church with office, gym, kitchen and sanctuary Hall over 15000 SQ FT for lease, zoning in D1, It is very close to Hamilton General Hospital and also St. Joseph's Hospital. Good location for non-profit using as a shelter or just keeping using as a Church or a gathering hall or just using as offices. *For Additional Property Details Click The Brochure Icon Below* (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$68K

Annual cash flow

$-15K

Cash-on-cash

-3.26%

DSCR

0.82

Going-in cap

4.56%

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

91,650

Households

34,919

Median income

$114,000

Median age

31.7

Daytime population

151,790

5-yr growth

0.7%

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

Secure deal room

Confidential diligence documents for 200 MAIN STREET E, Hamilton (Corktown).

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.