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For Sale · Retail

1247 OLD 8 HIGHWAY, Hamilton

1247 OLD 8 HIGHWAY, Hamilton, ON L0R1Z0

$799,900 total

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Asset Class

Retail

Size

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Building class

A

Zoning

CB1 — Low Intensity Business

$ / SF

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Occupancy

94%

About this property

An exceptional opportunity to acquire commercially zoned land in the heart of Sheffield, Ontario. Situated along a high visibility stretch of Old Highway 8, this expansive parcel offers flexible industrial/commercial zoning, making it ideal for a wide range of uses including warehousing, contractor yard, light manufacturing, equipment storage, or future development. The property benefits from excellent road frontage and easy access to nearby transportation routes, including Highway 401 and Highway 8, connecting Cambridge, Hamilton, and the wider Golden Horseshoe region. With limited industrial land inventory in the area, this site presents strong long-term investment potential or a perfect location for an owner-user seeking room to grow. Residential and commercial property with house and shop (currently operating as a mechanic shop). (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$800K
Down payment30% · $240K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$51K

Annual cash flow

$7K

Cash-on-cash

2.79%

DSCR

1.15

Going-in cap

6.38%

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

105,624

Households

48,397

Median income

$94,500

Median age

45.4

Daytime population

161,776

5-yr growth

4.9%

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

Secure deal room

Confidential diligence documents for 1247 OLD 8 HIGHWAY, Hamilton.

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.