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$ 1,674,900
Est. payment /mo
New
167-177 Wilson ST Hamilton, ON L8R 1E3
18 Beds
6 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 +
Subdivision Beasley
MLS Listing ID X13528686
Style 2-Storey
Bedrooms 18
Annual Tax Amount $8,683
Tax Year 2025
Property Sub-Type Multiplex
Property Description
Prime Downtown Development Gem & Income-Producing Unmissable Opportunity with 7.6% CAP RATE. Secure a high-performing asset with unparalleled future upside. This is a rare chance to acquire six side-by-side Townhouses in a prime Downtown location, offering immediate and significant cash flow from day one. Enjoy a massive annual NOI of $126,743 (Gross Income: $149,892). Tenants cover all utilities directly, ensuring minimal landlord overhead. Each unit is a desirable 3-bedroom townhome with a private, fenced backyard, attracting and retaining quality long-term tenants. 2 Units are Vacant and have been recently renovated, ready for new Tenants. The property already holds downtown zoning for an ambitious seven-story mixed-use development. Buyer has the option to pursue severance to create six individual standalone properties, or inquire about acquiring neighboring properties (potentially the entire block) for a transformative large-scale project. The surrounding area is a diverse, high-demand community, perfectly positioned for a dynamic "Live-Work-Play" concept that integrates modern residential units with ground-floor commercial space. Act Now! Whether you're seeking a strong cash-flowing asset or a large-scale development platform, this property delivers.
Location
Province ON
County Hamilton
Area Hamilton
Rooms
Family Room No
Basement None
Kitchen 6
Interior
Interior Features Carpet Free
Cooling None
Fireplace No
Heat Source Gas
Exterior
Pool None
Roof Type Asphalt Shingle
Lot Frontage 16.0
Lot Depth 63.0
Building
Foundation Poured Concrete
Others
ParcelsYN Yes
Listed by RIGHT AT HOME REALTY
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Bunny Denton
Broker | License ID: 4758717