$450,000
153 Wellington Street N, Hamilton, ON L8R 1N4


Hamilton, ON L8R 1E3
18 Bed · 6 Bath · Att/Row/Townhouse
MLS #X12631388
Listed Price
Prime Downtown Development Gem & Income Producing Unmissable Opportunity with over 8% 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. Zero-Friction Income: Enjoy a massive annual net operating income (NOI) of $131,456 (Gross Income: $149,892). Tenants cover all utilities directly, ensuring minimal landlord overhead. Ideal Units: Each unit is a desirable 3-bedroom townhome with a private, fenced backyard, attracting and retaining quality long-term tenants. Immediate Access: Unit #171 is vacant and ready for viewing - see the potential for yourself. Zoning already in place: The property already holds downtown zoning approval for an ambitious seven-story mixed-use development. Skip the complex initial rezoning phase and move straight to planning. Expansion Ready: The 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. Vibrant Location: 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
Bedrooms
18
Bathrooms
6
Square Feet
5000 + sqft
Property Type
Att/Row/Townhouse
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Your Agent
Broker of Record
PREMIER MATRIX REALTY LTD. BROKERAGE
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167-177 Wilson Street, Hamilton, ON L8R 1E3 is a 18-bedroom, 6-bathroom 2-storey att/row/townhouse with approximately 5000 + square feet of living space, situated on a 16 63 foot lot. This property is currently for sale at $1,799,900. The home features a none garage, built approximately 100+ years ago.
This home is located in Beasley, part of Hamilton in the Hamilton area. Explore more homes for sale and recently sold properties in this neighbourhood.
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