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Apartment Building For Sale at 89 Clarendon Avenue in Hamilton, Ontario

4 Sale ID #243567
Archived 11 Jun 2024

Asking Price

$748,888

Cap Rate help The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

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Lot Size

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Building Size

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Premise Summary

Move-in ready, two-family detached house with a permitted basement apartment, located in central Hamilton Mountain. Only an 8-minute walk to Walmart Supercentre & Mountain Plaza, with easy access to local amenities including schools, public transportation, shopping, and restaurants. This property offers an excellent investment opportunity or multi-generational living setup thanks to separate entrances and ensuite laundry. The main floor features three bedrooms, an eat-in kitchen, living room, and a full bathroom. The lower level is open-concept and bright, thanks to an oversized window in the living room that doubles as secondary egress for safety. Ideal for those seeking an investment or a spacious family home in one of Hamilton’s sought-after areas. Don't miss out! House is vacant for easy showings and available for quick closing!! (id:39198)

  • MLS® : #H4194246
  • Date Listed : 16 May 2024

Location

Province

Ontario

City

Hamilton

Address

89 Clarendon Avenue

Postal Code

L9A3A2

Location Highlights

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Listed by

Rock Star Real Estate Inc. Ontario listing

Category

apartment-buildings

Property Information

Premise Status

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With Accommodation

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Tenancy

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Lot Size

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Available Space

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Building Size

862

Year Built

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Years Remaining in Current Lease Term

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Renewal Options

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Operational Information

Number of Working Owners

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Current Owner - years

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FF & E help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.

Not Included

Franchise

N/A

Financial Information

Yearly Rate

$748,888

Asking Price

$748,888

Cap Rate help The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

N/A

NOI help Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.

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Gross Revenue- annual

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Cash Flow - annual help 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)

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EBITDA help Earnings Before Interest, Taxes, Depreciation, Amortization.

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Premises Size (square feet)

862

Other Information

Owner willing to Finance

N/A

Absentee Owner

N/A

Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A

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