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Rare Offering! FULLY DEVELOPED Land & APPROVED SHOVEL READY SITE for a 30,424sf - 4 STOREY LOW RISE/Mixed Use RESIDENTIAL & COMMERCIAL Building w/ 24 RESIDENTIAL UNITS & Dividable 7,942sf COMMERCIAL/RETAIL/OFFICE Space w/ GREAT EXPOSURE FRONTING on HWY 8 + 45 PARKING SPACES all in Desired Stoney Creek Area! Turnkey, Avoid the Long & Costly Years of Rezoning/Planning/Development & Servicing, This Site is Ready to Build & Great Investment Opportunity + Allowing for faster Rate of Return of Investment. ** Prime Area Surrounded by Residential Homes & Large Retail/Professional/Office/Commercial Spaces Ideal for Buyers/Investor + *** EXISTING BLDG 1100 sf Main flr + Basement Fully Rented!! Elegant & Modern Design Elevations/Concepts Ready to Be Built! MAIN FLOOR: Features Large Commercial/Retail Space Can Be Divided into Multiple Units, Great Frontage & Exposure, Signage & Primary Access on Main Hwy 8 Road + Surface Parking, Sidewalks & on Public Transit Route. Great for Professional Offices/Medical/Dental/Healthcare or Retail/Commercial. RESIDENTIAL FLOORS 2-4: Offers 24 Residential Units Featuring (11) 1 BED & (13) 2 BED Units, sizes Range from Approx 600 SF - 1000 SF, Open Balcony Designs, Main Lobby Area for Residents, Elevator, Rooftop Patio/Graden, Utility/Moving/Garbage/Storage/Bike Area & Dedicated Parking. PRIME LOCATION in Great Community, w/Public Transportation at Door Step, Walk to Parks, Great Schools, Various Shops/Services, Hospitals, Quick Access to New GO Station, QEW/407/403 & Major Hwys, Major Shopping/Malls, Hospitals, Downtown Stoney Creek, 20 Mins to Downtown Burlington & Burlington GO Stn, Quick Access to Niagara Region & Surrounding Hamilton Area, Local Farms, Vineyards & More. Approx 1 Acre, Municipal Services, C2-673 Zoning, SPA Approved by the City **Remarkable Turnkey Shovel Ready Development Ideal for Builders & Investors *Purchase & Start Marketing, Preselling & Building - No Need to Wait **  423 Highway 8 Highway, Hamilton - MLS X12809382
Operating Statement Income Amount Commercial Rent 294,108.00Signage 1,800.00CAM 77,919.84Property Tax 61,749.96Admin  7,558.15CAM Reconciliation -4,230.87Total Income 438,905.08 Expenses Amount  Landscaping & Snow Removal Expense 17,100.00Property Tax Expense 81,729.21Repair & Maintenance 1,685.28Water & Sewer Charges 24,901.36Insurance Expense 5,121.36Electricity Expense 4,700.99Total Expenses 135,238.20 Net Operating Income 303,666.88 PARKING: 77AGE: Gas Station & Structure Built in 2017PLAZA UNITS: Built in 2020TENANTS: Pharmasave Partnering with Pelham Hills Medical,Circle K Gas Station, Physio Sense, & Dental OfficeSale Type                                  Investment                        Property Type                RetailProperty Subtype                      Service Station                 Building Size                12,485 SFBuilding Class                           C                                      Year Built                       2020Price Per SF                          $532.64 CAD                      Cap Rate                       5%NOI                                         $332,632 CAD                 Tenancy                           SingleBuilding Height                      1 Story                              Building FAR                  0.16Lot Size                                 1.77 AC                              Zoning                           NC-108 - Neighbourhood CommercialFrontage                               210’