200 Charlton Avenue East
EXCLUSIVE OFFERING
Hamilton, ON
The Apartment Group contacts: Mitchell Chang* President & Owner D: 416-907-8280 mchang@cfrealty.ca
Lorenzo Digianfelice, AACI Broker of Record & Owner D: 416-907-8281 ldigianfelice@cfrealty.ca
Commercial Focus Realty Inc., Brokerage 35 The Links Road, Suite 202, Toronto, ON M2P 1T7 T: 416-972-9220 F: 416-972-9588 www.cfrealty.ca *Salesperson
Copy right Commercial Focus Realty Inc., Brokerage. The information contained herein (the “information”) is intended for informational purposes only and should not be relied upon by recipients hereof. Although the Information is believed to be correct, its accuracy, correctness or completeness cannot be guaranteed and has not been verified by either Commercial Focus Realty Inc., Brokerage (CFR) or any of its affiliates (CFR and it’s affiliates are collectively referred to herein as “CFR”). CFR neither guarantees, warrants nor assumes any responsibility or liability of any kind with respect to the accuracy, correctness, completeness, or suitability of, or decisions based upon or in connection with , the Information. The recipient of the Information should take such steps as the recipient may deem appropriate with respect0 to using the Information. The information may change and property described herein may be withdrawn from the market at any time without notice or obligation of any kind on the part of CFR. The Information is protected by copyright and shall be fully enforced.
WHY HAMILTON The Apartment Group contacts: Mitchell Chang* President & Owner D: 416-907-8280 mchang@cfrealty.ca
Lorenzo Digianfelice, AACI Broker of Record & Owner D: 416-907-8281 ldigianfelice@cfrealty.ca
Commercial Focus Realty Inc., Brokerage 35 The Links Road, Suite 202, Toronto, ON M2P 1T7 T: 416-972-9220 F: 416-972-9588
200 Charlton Avenue East Hamilton, ON
Hamilton, with a population of over 500,000 is one of Canada’s major cities and is one of Ontario’s most economically diverse. It’s major economic sectors include: advanced manufacturing, agriculture/food processing, creative industries, clean-technology, life sciences and transportation/goods movement. In 2011, the Real Estate Investment Network of Canada ranked Hamilton the best place to invest over the next five years and the third top location in Canada. Hamilton has also been ranked in the top five of best places to invest in Canada by US based Site Selection Magazine and in 2009, FDI Magazine (a publication of the world-famous Financial Times) ranked Hamilton as the third top large city in North America for quality of life. With an educated workforce, stunning natural amenities and a diverse, resilient economy, Hamilton is a prime choice for future economic opportunity. Hamilton's population increased by 14,280, or 2.91% from 2001 to 2006, representing a decrease over the 4.8% growth rate from 1996 to 2001 and somewhat lower in comparison to the Ontario’s growth rate of 6.6%, which also exceeded the 5.4% Canada’s national average. Hamilton has the eighth largest population of all Canadian cities and remains the fourth largest of all Ontario cities, preceded by Toronto, Ottawa and Mississauga. According to the 2006 Census, Italian is spoken by 32,120 Hamilton residents (the most of any non-official language in response to language spoken most often at home for both the single and multiple responses combined), followed by Polish, Portuguese and Spanish. According to the 2006 Census, just over 1/4 of Hamilton's population are immigrants, slightly higher than the 24.7% in 2001 and 13.6% of the population are visible minorities an increase of 15,410 from 2001 to 2006.
www.cfrealty.ca *Salesperson
Copy right Commercial Focus Realty Inc., Brokerage. The information contained herein (the “information”) is intended for informational purposes only and should not be relied upon by recipients hereof. Although the Information is believed to be correct, its accuracy, correctness or completeness cannot be guaranteed and has not been verified by either Commercial Focus Realty Inc., Brokerage (CFR) or any of its affiliates (CFR and it’s affiliates are collectively referred to herein as “CFR”). CFR neither guarantees, warrants nor assumes any responsibility or liability of any kind with respect to the accuracy, correctness, completeness, or suitability of, or decisions based upon or in connection with , the Information. The recipient of the Information should take such steps as the recipient may deem appropriate with respect0 to using the Information. The information may change and property described herein may be withdrawn from the market at any time without notice or obligation of any kind on the part of CFR. The Information is protected by copyright and shall be fully enforced.
WHY HAMILTON The Apartment Group contacts: Mitchell Chang* President & Owner
Hamilton, ON
Hamilton's employed labour force increased by 5.6%, while the unemployed labour force increased 6.7% between 2001 and 2006 compared to the previous census cycle when the employed labour force increased by 10%, while the unemployed labour force decreased by 24% between 1996 and 2001. Both the communities of Glanbrook and Ancaster showed a significant percentage population change for a combined increase in total population of some 8,895 individuals. Generally, all communities contributed to the growth of the City with the exception of the community of Hamilton showing a slight decline in its overall population but remaining consistent at 329,820.
TOP REASONS TO INVESTI N HAMILTON
D: 416-907-8280 mchang@cfrealty.ca
1.
Lorenzo Digianfelice, AACI Broker of Record & Owner
2. 3. 4.
5.
D: 416-907-8281 ldigianfelice@cfrealty.ca
Commercial Focus Realty Inc., Brokerage
6.
35 The Links Road, Suite 202, Toronto, ON M2P 1T7 T: 416-972-9220 F: 416-972-9588
7.
www.cfrealty.ca *Salesperson
200 Charlton Avenue East
8.
9.
Hamilton is located in the centre of the most densely populated corridor of economic activity in Canada (Hamilton is Canada’s 9th largest regional economy in Canada with a GDP per capita of approximately $48,000 (2006, CAD) and is the 5th largest “MegaRegion” in North America (Martin Prosperity Group, Hamilton Benchmarking). Within an 30 minute commute, Hamilton has easy access to a highly skilled, well educated and productive labour force of over 1 million people. In 2009, Foreign Direct Investment (fDi) named Hamilton the 3rd best large city in North America for its Quality of Life. 60% of its land area is designated rural. Hamilton’s Agricultural sector generates $1.26 billion a year for the local economy; is boosted by ecologically rich farming lands, has immediate proximity to water, has a temperature climate, solid transportation networks and quick access to national and international markets. Uniquely positioned as a Transportation Hub for the Goods Movement Industry – Home to the Port of Hamilton (the busiest of all the Great Lakes ports), John C. Munro International Airport (Canada’s largest courier and cargo airport generating more cargo flights than any other airport in Canada), proximity to rail lines and easy access to major 400 Series of Highways, Hamilton has long been cited as a key gateway for Goods Movement through southern Ontario. Incentive Programs include: Hamilton’s National Award winning Environmental Remediation and Site Enhancement Program Plan (ERASE), designed to “erase” brown fields by providing financial incentives to clean them up; Downtown development/redevelopment programs; labour force and training; along with R&D Tax credits and other Government programs. Mohawk College is the largest trainer of apprentices in Ontario – annually serves 10, 000 full-time, 3,000 apprenticeship, and 300 international students, as well as 5,000 adult learners and 42,000 continuing education registrants. Hamilton Health Sciences employs nearly 10,000 people and is comprised of six unique hospitals and a cancer centre – was recently selected by GE Healthcare to be the first site in the world to receive new prototype technologies for use in a molecular breast imaging research program. McMaster University consistently ranks as one of Canada’s top 3 most research-intensive (number of research dollars per faculty member) universities and home to Canada’s first human embryonic stem cell library. The Research holds promise to treat catastrophic illnesses that range from cancer to Parkinson’s to spinal cord regeneration.
Copy right Commercial Focus Realty Inc., Brokerage. The information contained herein (the “information”) is intended for informational purposes only and should not be relied upon by recipients hereof. Although the Information is believed to be correct, its accuracy, correctness or completeness cannot be guaranteed and has not been verified by either Commercial Focus Realty Inc., Brokerage (CFR) or any of its affiliates (CFR and it’s affiliates are collectively referred to herein as “CFR”). CFR neither guarantees, warrants nor assumes any responsibility or liability of any kind with respect to the accuracy, correctness, completeness, or suitability of, or decisions based upon or in connection with , the Information. The recipient of the Information should take such steps as the recipient may deem appropriate with respect0 to using the Information. The information may change and property described herein may be withdrawn from the market at any time without notice or obligation of any kind on the part of CFR. The Information is protected by copyright and shall be fully enforced.
200 Charlton Avenue East
LOCATION
Hamilton, ON
The Apartment Group
The property has good access to other parts of the City via Charlton Avenue, James Street South and Main Street. Charlton Avenue is a 2 lane paved and lighted road travelling in an east west direction both ways.
contacts:
The property is in close proximity to public transit, schools, parks, places of worship, shopping, etc. The property is about a 5 minute drive to downtown Hamilton. GO transit is three blocks away.
Mitchell Chang* President & Owner D: 416-907-8280 mchang@cfrealty.ca
This is a high demand upper tier residential rental area.
Lorenzo Digianfelice, AACI Broker of Record & Owner D: 416-907-8281 ldigianfelice@cfrealty.ca
Commercial Focus Realty Inc., Brokerage 35 The Links Road, Suite 202, Toronto, ON M2P 1T7 T: 416-972-9220 F: 416-972-9588 www.cfrealty.ca *Salesperson
The property is located in the south end of the City of Hamilton in an area knows as “Corktown”. More specifically the property is located on the south side of Charlton Avenue East, east of Ferguson Avenue South, west of Vicotoria Avenue South and north of the Jolley Cut/Claremont Mountain access. The area is predominately residential in character and is roughtly 100% built up. Surrounding the property is low to medium density residential development with some high rise apartment buildings in the vicinity as well. The property backs onto a City owned pumping station and the Escarpment.
Copy right Commercial Focus Realty Inc., Brokerage. The information contained herein (the “information”) is intended for informational purposes only and should not be relied upon by recipients hereof. Although the Information is believed to be correct, its accuracy, correctness or completeness cannot be guaranteed and has not been verified by either Commercial Focus Realty Inc., Brokerage (CFR) or any of its affiliates (CFR and it’s affiliates are collectively referred to herein as “CFR”). CFR neither guarantees, warrants nor assumes any responsibility or liability of any kind with respect to the accuracy, correctness, completeness, or suitability of, or decisions based upon or in connection with , the Information. The recipient of the Information should take such steps as the recipient may deem appropriate with respect0 to using the Information. The information may change and property described herein may be withdrawn from the market at any time without notice or obligation of any kind on the part of CFR. The Information is protected by copyright and shall be fully enforced.
LOCATION
200 Charlton Avenue East Hamilton, ON
The Apartment Group contacts: Mitchell Chang* President & Owner D: 416-907-8280 mchang@cfrealty.ca
Lorenzo Digianfelice, AACI Broker of Record & Owner D: 416-907-8281 ldigianfelice@cfrealty.ca
Commercial Focus Realty Inc., Brokerage 35 The Links Road, Suite 202, Toronto, ON M2P 1T7 T: 416-972-9220 F: 416-972-9588 www.cfrealty.ca *Salesperson
Copy right Commercial Focus Realty Inc., Brokerage. The information contained herein (the “information”) is intended for informational purposes only and should not be relied upon by recipients hereof. Although the Information is believed to be correct, its accuracy, correctness or completeness cannot be guaranteed and has not been verified by either Commercial Focus Realty Inc., Brokerage (CFR) or any of its affiliates (CFR and it’s affiliates are collectively referred to herein as “CFR”). CFR neither guarantees, warrants nor assumes any responsibility or liability of any kind with respect to the accuracy, correctness, completeness, or suitability of, or decisions based upon or in connection with , the Information. The recipient of the Information should take such steps as the recipient may deem appropriate with respect0 to using the Information. The information may change and property described herein may be withdrawn from the market at any time without notice or obligation of any kind on the part of CFR. The Information is protected by copyright and shall be fully enforced.
200 Charlton Avenue East
LOCATION The Apartment Group contacts: Mitchell Chang* President & Owner
Hamilton, ON
2006 Statistics Census Tract Level • Population of 4,965 person which is up by 2.3% since 2001 • Population density of 5,386 persons per sq. km. as opposed to 505 person for the total City • 51% of the population are between the ages of 20 and 45
D: 416-907-8280 mchang@cfrealty.ca
Lorenzo Digianfelice, AACI Broker of Record & Owner
• 51% of the population 15 years old plus are single never married • 89.3% of the dwellings in the area are apartments over 5 stories in height • 84% of the dwellings in the area are rental • Median family income 2005 was $38,873
D: 416-907-8281 ldigianfelice@cfrealty.ca
• Average monthly rental rate in the are was $696 in 2006
Commercial Focus Realty Inc., Brokerage
• 38% of the population classify themselves as immigrants
35 The Links Road, Suite 202, Toronto, ON M2P 1T7 T: 416-972-9220 F: 416-972-9588
• 28.4% of the population has a high school degree and 24% have a University degree • 29% of the population is employed in either manufacturing or health care
www.cfrealty.ca *Salesperson
Copy right Commercial Focus Realty Inc., Brokerage. The information contained herein (the “information”) is intended for informational purposes only and should not be relied upon by recipients hereof. Although the Information is believed to be correct, its accuracy, correctness or completeness cannot be guaranteed and has not been verified by either Commercial Focus Realty Inc., Brokerage (CFR) or any of its affiliates (CFR and it’s affiliates are collectively referred to herein as “CFR”). CFR neither guarantees, warrants nor assumes any responsibility or liability of any kind with respect to the accuracy, correctness, completeness, or suitability of, or decisions based upon or in connection with , the Information. The recipient of the Information should take such steps as the recipient may deem appropriate with respect0 to using the Information. The information may change and property described herein may be withdrawn from the market at any time without notice or obligation of any kind on the part of CFR. The Information is protected by copyright and shall be fully enforced.
200 Charlton Avenue East
SITE The Apartment Group contacts: Mitchell Chang* President & Owner D: 416-907-8280 mchang@cfrealty.ca
Lorenzo Digianfelice, AACI Broker of Record & Owner
Hamilton, ON
Site Details Area:
0.20 acres
Frontage:
102.00 feet
Depth:
78.00
Legal Description:
Pin No.:
171160051
Services:
Full municipal services.
Topography:
Slopes downwards from south to north at a strong grade along with surrounding sites.
Zoning:
“E” – Multiple Dwellings Zone
Owner:
1337046 Alberta Ltd.
Roll No.:
02019101550
CVA:
$839,250 (2011)
Taxes:
$30,643.04 (2011)
D: 416-907-8281 ldigianfelice@cfrealty.ca
Commercial Focus Realty Inc., Brokerage 35 The Links Road, Suite 202, Toronto, ON M2P 1T7 T: 416-972-9220 F: 416-972-9588
Lot 6, Registrants Compiled Plan 1497 S/T CD140380, CD181061, VM17276, AB383455, VM117246, City of Hamilton, Region of Hamilton Wentworth, Province of Ontario
www.cfrealty.ca *Salesperson
Copy right Commercial Focus Realty Inc., Brokerage. The information contained herein (the “information”) is intended for informational purposes only and should not be relied upon by recipients hereof. Although the Information is believed to be correct, its accuracy, correctness or completeness cannot be guaranteed and has not been verified by either Commercial Focus Realty Inc., Brokerage (CFR) or any of its affiliates (CFR and it’s affiliates are collectively referred to herein as “CFR”). CFR neither guarantees, warrants nor assumes any responsibility or liability of any kind with respect to the accuracy, correctness, completeness, or suitability of, or decisions based upon or in connection with , the Information. The recipient of the Information should take such steps as the recipient may deem appropriate with respect0 to using the Information. The information may change and property described herein may be withdrawn from the market at any time without notice or obligation of any kind on the part of CFR. The Information is protected by copyright and shall be fully enforced.
BUILDING DETAILS The Apartment Group contacts: Mitchell Chang* President & Owner D: 416-907-8280 mchang@cfrealty.ca
Lorenzo Digianfelice, AACI Broker of Record & Owner D: 416-907-8281 ldigianfelice@cfrealty.ca
Commercial Focus Realty Inc., Brokerage 35 The Links Road, Suite 202, Toronto, ON M2P 1T7 T: 416-972-9220 F: 416-972-9588 www.cfrealty.ca *Salesperson
Age:
Circa 1970’s
Height:
6 storeys above grade
Suite Mix:
Bachelor - 1 One bedroom - 16 Two bedroom – 4
Construction:
Concrete construction with load bearing walls
Roof:
Part flat tar and gravel, part torch on modified bituminous. Torched portions replaced in 2007. North facing rood replaced in 1995. Penthouse roof replaced in 1990. South roof replaced in 2000.
Exterior:
Brick
Windows:
Double glazed in metal frames
HVAC:
Gas fired hot water – Raypack boiler replaced in 2004 with 627,000 BTU rating.
Domestic Hot Water:
Electrical:
Universal Rheem gas fired boiler/tank replaced in 2005. Three phase system Separate meters – fuse box/suite 100 amp. 400 amp main panel in basement Battery back up
Parking:
surface spaces and underground
Laundry:
2 washers and 2 dryers in the basement Electric and on contract with Phelps $2.00 per cycle for dry / $1.75 for a wash
200 Charlton Avenue East Hamilton, ON
Elevator:
One 9 person 680 kg Upgraded in 2010 $80,000
Stairwells:
Two sets in the building
Hallways:
Broadloom flooring Ceramic tile wainscotting Painted plaster walls and ceilings Updated 2007
Entrance:
Entry phone system Mail boxes and fire panel
Balconies:
Front and rear of the building Poured concrete pad metal facing
Fire:
Mircom fire panel, exit signs, extinguishers, etc. Fire Code Retrofit Letter dated December 14th, 2006. Fire Inspection Certificate dated December 2010 available.
Garbage:
City pickup. Recycle program
Environmental: Reported available 2010. Structural:
Report available 2010.
Copy right Commercial Focus Realty Inc., Brokerage. The information contained herein (the “information”) is intended for informational purposes only and should not be relied upon by recipients hereof. Although the Information is believed to be correct, its accuracy, correctness or completeness cannot be guaranteed and has not been verified by either Commercial Focus Realty Inc., Brokerage (CFR) or any of its affiliates (CFR and it’s affiliates are collectively referred to herein as “CFR”). CFR neither guarantees, warrants nor assumes any responsibility or liability of any kind with respect to the accuracy, correctness, completeness, or suitability of, or decisions based upon or in connection with , the Information. The recipient of the Information should take such steps as the recipient may deem appropriate with respect0 to using the Information. The information may change and property described herein may be withdrawn from the market at any time without notice or obligation of any kind on the part of CFR. The Information is protected by copyright and shall be fully enforced.
BUILDING DETAILS
200 Charlton Avenue East Hamilton, ON
The Apartment Group contacts: Mitchell Chang* President & Owner D: 416-907-8280 mchang@cfrealty.ca
Suite Finishes: Suites are of modest size and include painted gypsum walls and ceilings. Flooring includes ceramic tile in kitchens and bathrooms and broadloom or laminate in the balance. Kitchens are galley style but feed into a small dining area that has ceramic tile flooring.
Lorenzo Digianfelice, AACI Broker of Record & Owner
Kitchens include two appliances and double section stainless steel sinks. Most of the appliances in the building are less than 5 years old. All fridges are frost free. There are arborite countertops and painted wood cupboards and cabinets.
D: 416-907-8281 ldigianfelice@cfrealty.ca
Each suite has a four piece bathroom, linen closet and electrical panel (100 am fuses). Bathrooms have gravity air vent and ceramic tile sub surrounds.
Commercial Focus Realty Inc., Brokerage 35 The Links Road, Suite 202, Toronto, ON M2P 1T7 T: 416-972-9220 F: 416-972-9588
In the past year a number of suites have been updated. These upgrades include: ceramic tile backsplash in kitchens, new countertops, new electrical face plates and light fixtures; painting; and new laminate flooring.
www.cfrealty.ca *Salesperson
Copy right Commercial Focus Realty Inc., Brokerage. The information contained herein (the “information”) is intended for informational purposes only and should not be relied upon by recipients hereof. Although the Information is believed to be correct, its accuracy, correctness or completeness cannot be guaranteed and has not been verified by either Commercial Focus Realty Inc., Brokerage (CFR) or any of its affiliates (CFR and it’s affiliates are collectively referred to herein as “CFR”). CFR neither guarantees, warrants nor assumes any responsibility or liability of any kind with respect to the accuracy, correctness, completeness, or suitability of, or decisions based upon or in connection with , the Information. The recipient of the Information should take such steps as the recipient may deem appropriate with respect0 to using the Information. The information may change and property described herein may be withdrawn from the market at any time without notice or obligation of any kind on the part of CFR. The Information is protected by copyright and shall be fully enforced.
PHOTOS
200 Charlton Avenue East Hamilton, ON
The Apartment Group contacts: Mitchell Chang* President & Owner D: 416-907-8280 mchang@cfrealty.ca
Lorenzo Digianfelice, AACI Broker of Record & Owner D: 416-907-8281 ldigianfelice@cfrealty.ca
Commercial Focus Realty Inc., Brokerage 35 The Links Road, Suite 202, Toronto, ON M2P 1T7 T: 416-972-9220 F: 416-972-9588 www.cfrealty.ca *Salesperson
Copy right Commercial Focus Realty Inc., Brokerage. The information contained herein (the “information”) is intended for informational purposes only and should not be relied upon by recipients hereof. Although the Information is believed to be correct, its accuracy, correctness or completeness cannot be guaranteed and has not been verified by either Commercial Focus Realty Inc., Brokerage (CFR) or any of its affiliates (CFR and it’s affiliates are collectively referred to herein as “CFR”). CFR neither guarantees, warrants nor assumes any responsibility or liability of any kind with respect to the accuracy, correctness, completeness, or suitability of, or decisions based upon or in connection with , the Information. The recipient of the Information should take such steps as the recipient may deem appropriate with respect0 to using the Information. The information may change and property described herein may be withdrawn from the market at any time without notice or obligation of any kind on the part of CFR. The Information is protected by copyright and shall be fully enforced.
PHOTOS
200 Charlton Avenue East Hamilton, ON
The Apartment Group contacts: Mitchell Chang* President & Owner D: 416-907-8280 mchang@cfrealty.ca
Lorenzo Digianfelice, AACI Broker of Record & Owner D: 416-907-8281 ldigianfelice@cfrealty.ca
Commercial Focus Realty Inc., Brokerage 35 The Links Road, Suite 202, Toronto, ON M2P 1T7 T: 416-972-9220 F: 416-972-9588 www.cfrealty.ca *Salesperson
Copy right Commercial Focus Realty Inc., Brokerage. The information contained herein (the “information”) is intended for informational purposes only and should not be relied upon by recipients hereof. Although the Information is believed to be correct, its accuracy, correctness or completeness cannot be guaranteed and has not been verified by either Commercial Focus Realty Inc., Brokerage (CFR) or any of its affiliates (CFR and it’s affiliates are collectively referred to herein as “CFR”). CFR neither guarantees, warrants nor assumes any responsibility or liability of any kind with respect to the accuracy, correctness, completeness, or suitability of, or decisions based upon or in connection with , the Information. The recipient of the Information should take such steps as the recipient may deem appropriate with respect0 to using the Information. The information may change and property described herein may be withdrawn from the market at any time without notice or obligation of any kind on the part of CFR. The Information is protected by copyright and shall be fully enforced.
PHOTOS
200 Charlton Avenue East Hamilton, ON
The Apartment Group contacts: Mitchell Chang* President & Owner D: 416-907-8280 mchang@cfrealty.ca
Lorenzo Digianfelice, AACI Broker of Record & Owner D: 416-907-8281 ldigianfelice@cfrealty.ca
Commercial Focus Realty Inc., Brokerage 35 The Links Road, Suite 202, Toronto, ON M2P 1T7 T: 416-972-9220 F: 416-972-9588 www.cfrealty.ca *Salesperson
Copy right Commercial Focus Realty Inc., Brokerage. The information contained herein (the “information”) is intended for informational purposes only and should not be relied upon by recipients hereof. Although the Information is believed to be correct, its accuracy, correctness or completeness cannot be guaranteed and has not been verified by either Commercial Focus Realty Inc., Brokerage (CFR) or any of its affiliates (CFR and it’s affiliates are collectively referred to herein as “CFR”). CFR neither guarantees, warrants nor assumes any responsibility or liability of any kind with respect to the accuracy, correctness, completeness, or suitability of, or decisions based upon or in connection with , the Information. The recipient of the Information should take such steps as the recipient may deem appropriate with respect0 to using the Information. The information may change and property described herein may be withdrawn from the market at any time without notice or obligation of any kind on the part of CFR. The Information is protected by copyright and shall be fully enforced.
200 Charlton Avenue East
FINANCIAL PROJECTIONS
Hamilton, ON
The Apartment Group For the year ending December 31/11 contacts: Mitchell Chang* President & Owner
Per Suite/Per month Revenues Rental Income (Oct. ‘11 x 12)
D: 416-907-8280 mchang@cfrealty.ca
Laundry Income (est.) Vacancy Bad Debt (2%)
Lorenzo Digianfelice, AACI Broker of Record & Owner D: 416-907-8281 ldigianfelice@cfrealty.ca
Commercial Focus Realty Inc., Brokerage 35 The Links Road, Suite 202, Toronto, ON M2P 1T7 T: 416-972-9220 F: 416-972-9588
Annual
Net Revenue
$691
$174,180
15
3,780
( 7)
(1,780)
$699
$176,180
Expenses Realty Taxes (Actual 2011)
1,469/suite
$30,645
Insurance (2010-2011 Actual)
137/suite
2,870
Utilities
1,185/suite
24,885
R+M
600/suite
12,600
Management (3.5% +HST)
332/suite
6,968
Wages + Benefits
171/suite
3,600
Total Expenses:
$3,854/suite
$81,568
Net Income:
$4,505/suite
$94,612
www.cfrealty.ca *Salesperson
Copy right Commercial Focus Realty Inc., Brokerage. The information contained herein (the “information”) is intended for informational purposes only and should not be relied upon by recipients hereof. Although the Information is believed to be correct, its accuracy, correctness or completeness cannot be guaranteed and has not been verified by either Commercial Focus Realty Inc., Brokerage (CFR) or any of its affiliates (CFR and it’s affiliates are collectively referred to herein as “CFR”). CFR neither guarantees, warrants nor assumes any responsibility or liability of any kind with respect to the accuracy, correctness, completeness, or suitability of, or decisions based upon or in connection with , the Information. The recipient of the Information should take such steps as the recipient may deem appropriate with respect0 to using the Information. The information may change and property described herein may be withdrawn from the market at any time without notice or obligation of any kind on the part of CFR. The Information is protected by copyright and shall be fully enforced.
200 Charlton Avenue East
INVESTMENT SUMMARY
Hamilton, ON
The Apartment Group
Asking Price:
$1,465,000
Mitchell Chang* President & Owner
Cap Rate:
6.5%
D: 416-907-8280 mchang@cfrealty.ca
Price Per Suite: $69,760
contacts:
Lorenzo Digianfelice, AACI Broker of Record & Owner D: 416-907-8281 ldigianfelice@cfrealty.ca
Commercial Focus Realty Inc., Brokerage 35 The Links Road, Suite 202, Toronto, ON M2P 1T7 T: 416-972-9220 F: 416-972-9588
Return On Investment Down Payment CMHC Rate 1st
Mortgage
$366,250 (25%) 2.5% $1,098,750 (75%)
Annual Debt Service
$59,064
NOI
$94,960
Cash Flow
$35,546
Plus Pay down
$32,102
Total Return
$67,648
ROI
18.5%
www.cfrealty.ca *Salesperson
Copy right Commercial Focus Realty Inc., Brokerage. The information contained herein (the “information”) is intended for informational purposes only and should not be relied upon by recipients hereof. Although the Information is believed to be correct, its accuracy, correctness or completeness cannot be guaranteed and has not been verified by either Commercial Focus Realty Inc., Brokerage (CFR) or any of its affiliates (CFR and it’s affiliates are collectively referred to herein as “CFR”). CFR neither guarantees, warrants nor assumes any responsibility or liability of any kind with respect to the accuracy, correctness, completeness, or suitability of, or decisions based upon or in connection with , the Information. The recipient of the Information should take such steps as the recipient may deem appropriate with respect0 to using the Information. The information may change and property described herein may be withdrawn from the market at any time without notice or obligation of any kind on the part of CFR. The Information is protected by copyright and shall be fully enforced.