Business For Sale · Multifamily

903-909 MAIN STREET E, Hamilton (Stipley)

903-909 MAIN STREET E, Hamilton (Stipley), ON L8M1M6

$4.7M total

10,000 SF

Asset Class

Multifamily

Size

10,000 SF

Building class

B

Zoning

RA8 — Medium Rise

$ / SF

$470

Occupancy

91%

About this property

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)

Financial sandbox

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Estimate
Purchase price$4.70M
Down payment30% · $1.41M
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

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.

Rent roll (estimated)

TenantAreaExpiry
Aurora Legal LLP2,843 SF2034-01
Aurora Legal LLP1,960 SF2034-01
Aurora Legal LLP1,321 SF2034-01
Aurora Legal LLP2,926 SF2034-01

Area demographics

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.

Secure deal room

Confidential diligence documents for 903-909 MAIN STREET E, Hamilton (Stipley).

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.