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1119 Glancaster Rd 1.48 Acres of Residential Land Offered at $1,589,021 USD in Hamilton, ON L0R 1W0
INVESTMENT HIGHLIGHTS
- Near Amazon warehouse
- Prime zone with potential for many uses
- Near YHM Hamilton Airport
EXECUTIVE SUMMARY
$12050.00 / current monthly generating income; Sounding too good to be true. pickup the phone and call me please. Exceptional opportunity to own a 1.5-acre property in Hamilton’s Airport Prestigious Zone M11, featuring a recently renovated raised bungalow with a side entrance and high basement ceilings. This property offers three independent rentable units, providing flexibility for investors or developers. Located in a strategic industrial area near Hamilton Airport, this property is well-suited for both residential and commercial use. Prospective buyers are encouraged to perform due diligence regarding zoning and permitted uses.
FINANCIAL SUMMARY (PRO FORMA - 2024) |
ANNUAL (USD) | ANNUAL PER AC (USD) |
|---|---|---|
| Gross Rental Income |
$104,442
|
$70,568.94
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$104,442
|
$70,568.94
|
| Taxes |
$3,451
|
$2,331.80
|
| Operating Expenses |
$1,083
|
$732.04
|
| Total Expenses |
$4,534
|
$3,063.84
|
| Net Operating Income |
$99,908
|
$67,505.10
|
FINANCIAL SUMMARY (PRO FORMA - 2024)
| Gross Rental Income (USD) | |
|---|---|
| Annual | $104,442 |
| Annual Per AC | $70,568.94 |
| Other Income (USD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss (USD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income (USD) | |
|---|---|
| Annual | $104,442 |
| Annual Per AC | $70,568.94 |
| Taxes (USD) | |
|---|---|
| Annual | $3,451 |
| Annual Per AC | $2,331.80 |
| Operating Expenses (USD) | |
|---|---|
| Annual | $1,083 |
| Annual Per AC | $732.04 |
| Total Expenses (USD) | |
|---|---|
| Annual | $4,534 |
| Annual Per AC | $3,063.84 |
| Net Operating Income (USD) | |
|---|---|
| Annual | $99,908 |
| Annual Per AC | $67,505.10 |
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $1,589,021 USD | Lot Size | 1.48 AC |
| Price Per AC | $1,073,662.54 USD |
| Price | $1,589,021 USD |
| Price Per AC | $1,073,662.54 USD |
| Lot Size | 1.48 AC |
1.48 AC parcel of land in Hamilton, ON for sale. PT LT 1, CON 3 GLANFORD , AS IN VM63393 ; HAMILTON
DESCRIPTION
1.48 AC parcel of land in Hamilton, ON. Do your due diligence - Inquire - information subject to change. Too good to be true, Pick up the phone and call me.+1289283438
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1119 Glancaster Rd
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