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683-685 Main St E 7,915 SF 100% Leased Office Building Hamilton, ON L8M 1K4 $3,942,087 USD ($498.05 USD/SF) 4.87% Cap Rate
INVESTMENT HIGHLIGHTS
- Fully renovated residential units
- Diverse income streams
- Access to Highway
- Established medical commercial units
- Prime location with easy access to amenities
- Ample Parking
EXECUTIVE SUMMARY
This distinguished mixed-use property presents a unique investment opportunity in a rapidly developing location. The property features a strategic blend of residential and commercial units, providing diverse revenue streams with substantial growth potential.
Property Features
Residential Units:
6 Fully Renovated Units
All units are modern and currently leased, generating steady income.
Renovations completed in 2024 enhance tenant appeal and occupancy rates.
Commercial Units:
2 Fully Leased Medical Commercial Units
Currently under established leases, providing consistent and reliable revenue.
Detached House:
2,000 sq. ft.
Currently leased with a newly installed roof (2024), contributing to a stable cash flow and investment security.
Investment Highlights
Exceptional NOI Potential:
Positioned in a high-demand market, promising significant returns on investment.
Diversified Revenue Streams:
The mix of residential and commercial assets mitigates risk, ensuring continuity of income.
Future Development Potential:
Opportunities exist for expansion or redevelopment, enhancing the overall property value.
Prime Location:
Conveniently situated in a vibrant area with easy access to public transport, retail, and educational facilities, ensuring strong tenant demand.
Property Features
Residential Units:
6 Fully Renovated Units
All units are modern and currently leased, generating steady income.
Renovations completed in 2024 enhance tenant appeal and occupancy rates.
Commercial Units:
2 Fully Leased Medical Commercial Units
Currently under established leases, providing consistent and reliable revenue.
Detached House:
2,000 sq. ft.
Currently leased with a newly installed roof (2024), contributing to a stable cash flow and investment security.
Investment Highlights
Exceptional NOI Potential:
Positioned in a high-demand market, promising significant returns on investment.
Diversified Revenue Streams:
The mix of residential and commercial assets mitigates risk, ensuring continuity of income.
Future Development Potential:
Opportunities exist for expansion or redevelopment, enhancing the overall property value.
Prime Location:
Conveniently situated in a vibrant area with easy access to public transport, retail, and educational facilities, ensuring strong tenant demand.
FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access |
ANNUAL (USD) | ANNUAL PER SF (USD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access
| Gross Rental Income (USD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (USD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (USD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (USD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (USD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (USD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (USD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (USD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
7,915 SF
Building Class
C
Year Built/Renovated
1950/2024
Price
$3,942,087 USD
Price Per SF
$498.05 USD
Cap Rate
4.87%
NOI
$191,964 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,812 SF
Slab To Slab
11’
Building FAR
0.57
Lot Size
0.32 AC
Zoning
C2 - Commercial
Parking
10 Spaces (1.26 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Controlled Access
- Fenced Lot
- Signage
- Wheelchair Accessible
- Reception
- Storage Space
- Air Conditioning
- Smoke Detector
Walk Score®
Walker's Paradise (91)
Bike Score®
Very Bikeable (70)
1 of 7
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
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683-685 Main St E
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