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$4.7M total
10,000 SF
Asset Class
Multifamily
Size
10,000 SF
Building class
B
Zoning
RA8 — Medium Rise
$ / SF
$470
Occupancy
91%
Mixed-use investment opportunity in the heart of Hamilton's bustling Main Street corridor. This well-maintained building features 16Prime mixed-use investment opportunity along Hamilton's Main Street corridor. This well-maintained building features 18 residential units and 2 commercial spaces, including an operating laundromat and one vacant storefront. Several vacant residential units provide immediate value-add potential, allowing investors to set market rents from day one and significantly increase income. The laundromat offers steady cash flow and may be operated as-is or sold separately for added flexibility. Pride of ownership throughout with minimal deferred maintenance. Ideally positioned along the upcoming LRT route, supporting long-term appreciation and tenant demand. A rare chance to acquire a turnkey asset with both stability and upside. residential units ( comprised of one-bedrooms and bachelors) plus ground-floor commercial storefront, offering multiple income streams and strong rental demand. A turnkey asset with pride of ownership throughout, this property delivers stable cash flow, minimal maintenance concerns, and excellent upside potential through future rent growth. Ideally located steps to transit, shopping, and amenities, ensuring consistent tenancy. A rare chance to add a solid, income-producing building to your portfolio. (id:66811)
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Monthly debt service
$22K
Projected NOI
$162K
Annual cash flow
$-99K
Cash-on-cash
-7.02%
DSCR
0.62
Going-in cap
3.44%
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.
| Tenant | Area | Expiry |
|---|---|---|
| Aurora Legal LLP | 2,843 SF | 2034-01 |
| Aurora Legal LLP | 1,960 SF | 2034-01 |
| Aurora Legal LLP | 1,321 SF | 2034-01 |
| Aurora Legal LLP | 2,926 SF | 2034-01 |
Trade area within 3 miles of the property.
Population
132,937
Households
48,553
Median income
$107,000
Median age
31.3
Daytime population
133,101
5-yr growth
8.4%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 903-909 MAIN STREET E, Hamilton (Stipley).
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.