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1119 Glancaster Rd 1.48 Acres of Residential Land Offered at $1,617,266 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 |
$106,299
|
$71,823.32
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$106,299
|
$71,823.32
|
| Taxes |
$3,512
|
$2,373.25
|
| Operating Expenses |
$1,103
|
$745.06
|
| Total Expenses |
$4,615
|
$3,118.30
|
| Net Operating Income |
$101,683
|
$68,705.02
|
Financial Summary (Pro Forma - 2024)
| Gross Rental Income (USD) | |
|---|---|
| Annual | $106,299 |
| Annual Per AC | $71,823.32 |
| Other Income (USD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss (USD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income (USD) | |
|---|---|
| Annual | $106,299 |
| Annual Per AC | $71,823.32 |
| Taxes (USD) | |
|---|---|
| Annual | $3,512 |
| Annual Per AC | $2,373.25 |
| Operating Expenses (USD) | |
|---|---|
| Annual | $1,103 |
| Annual Per AC | $745.06 |
| Total Expenses (USD) | |
|---|---|
| Annual | $4,615 |
| Annual Per AC | $3,118.30 |
| Net Operating Income (USD) | |
|---|---|
| Annual | $101,683 |
| Annual Per AC | $68,705.02 |
Property Facts
1 Lot Available
Lot
| Price | $1,617,266 USD | Lot Size | 1.48 AC |
| Price Per AC | $1,092,747.18 USD |
| Price | $1,617,266 USD |
| Price Per AC | $1,092,747.18 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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