Business For Sale · Specialty

82 - 90 QUEEN STREET N, Hamilton (Strathcona)

82 - 90 QUEEN STREET N, Hamilton (Strathcona), ON L8R2V4

$3.9M total

—

Asset Class

Specialty

Size

—

Building class

C

Zoning

DC2 — Site Specific

$ / SF

—

Occupancy

92%

About this property

Incredible 11,789 SF Retail Plaza with 4 retail units and 1-2 Bedroom apartment on a 0.28 Acre lot at the bustling intersection of York St. and Queen St. N. This site is also walking distance to the planned Hamilton LRT station and it's on the official plan for a High-Rise Mixed-Use Development. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$3.89M
Down payment30% · $1.17M
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$18K

Projected NOI

$235K

Annual cash flow

$19K

Cash-on-cash

1.63%

DSCR

1.09

Going-in cap

6.03%

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

132,390

Households

52,823

Median income

$114,500

Median age

32.8

Daytime population

129,977

5-yr growth

2.7%

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

Secure deal room

Confidential diligence documents for 82 - 90 QUEEN STREET N, Hamilton (Strathcona).

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.