243 QUEEN Street N
Hamilton, Ontario
MLS® 40857056
$12,250,000
- Status
- Active
- Property type
- Industrial
- MLS® number
- 40857056
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 23Listing description
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 15-ton and 45-ton cranes.
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.
Property summary
- MLS® number
- 40857056
- Property type
- Industrial
- Building type
- Other
- Square footage
- 80,939 sq ft
- Title
- Freehold
- Annual property taxes
- $198,465.95
- Days on market
- 19 days
Features & details
- Basement
- None
What would this home cost you?
Based on the $12,250,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Real Broker Ontario Ltd., Toronto.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.