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1119 Glancaster Rd 1.48 Acres of Residential Land Offered at $1,606,448 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 |
$105,588
|
$71,342.92
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$105,588
|
$71,342.92
|
| Taxes |
$3,489
|
$2,357.38
|
| Operating Expenses |
$1,095
|
$740.07
|
| Total Expenses |
$4,584
|
$3,097.45
|
| Net Operating Income |
$101,003
|
$68,245.47
|
FINANCIAL SUMMARY (PRO FORMA - 2024)
| Gross Rental Income (USD) | |
|---|---|
| Annual | $105,588 |
| Annual Per AC | $71,342.92 |
| Other Income (USD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss (USD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income (USD) | |
|---|---|
| Annual | $105,588 |
| Annual Per AC | $71,342.92 |
| Taxes (USD) | |
|---|---|
| Annual | $3,489 |
| Annual Per AC | $2,357.38 |
| Operating Expenses (USD) | |
|---|---|
| Annual | $1,095 |
| Annual Per AC | $740.07 |
| Total Expenses (USD) | |
|---|---|
| Annual | $4,584 |
| Annual Per AC | $3,097.45 |
| Net Operating Income (USD) | |
|---|---|
| Annual | $101,003 |
| Annual Per AC | $68,245.47 |
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $1,606,448 USD | Lot Size | 1.48 AC |
| Price Per AC | $1,085,438.12 USD |
| Price | $1,606,448 USD |
| Price Per AC | $1,085,438.12 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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