243 QUEEN Street North, Hamilton, Ontario, L8R3N6
This industrial property in Hamilton is for sale. It has been on the market 9 days, fresher than the Hamilton average of 65 days.
Fully leased income-producing industrial investment situated on a 7.44-acre site near Hamilton's West Harbor. The property offers approximately 80,939 SF across three industrial units and is being offered at a 6.73% going-in cap rate, with a 3.8-year WALT and built-in rental escalations. The building features clear heights reaching approximately 54', eight drive-in doors, and cranes: one 45-ton, two 30-ton and one 5-ton. Zoned D2 and P5, with significant land area, ample surface parking and outdoor yard space. An opportunity to acquire a stabilized industrial asset with secure in-place income and contractual rental growth. (id:66096)




$12,250,000
Hamilton
Features and services as supplied by the listing brokerage.
Active: 9 days on market, against an average age of 65 days across the listings currently for sale in this city
This industrial in Hamilton has been listed for 9 days, which is 56 days fresher than the city average of 65. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $12,250,000, about 228.5× the local median household income of $53,600.
Carrying it typically needs a household income of about $2,392,854 (20% down, 25-yr amortization, stress-tested) — roughly 4364% above the area median.
Source: Statistics Canada, 2021 Census (FSA L8R)
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