Log In/Sign Up
Your email has been sent.
683-685 Main St E 7,915 SF 100% Leased Office Building Hamilton, ON L8M 1K4 $5,500,000 CAD ($694.88 CAD/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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| 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 (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| 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
$5,500,000 CAD
Price Per SF
$694.88 CAD
Cap Rate
4.87%
NOI
$267,828 CAD
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
Map
Presented by
683-685 Main St E
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.