Space
Finished area and layout
- Living Area
- 6,288 sqft
- Above Grade
- 6,288 sqft (Other)
- Finished Breakdown
- Above 6,288 sqft
- Bedrooms
- 18
- Bathrooms
- 6
18
Bedrooms
6
Bathrooms
6,288 sqft
Living Area
0.02 ac
Lot
Property Snapshot
Key details for this listing
MLS #40845620
Property
Type, style and structure
- Type
- residential
- Style
About This Property
This 18-bedroom, 6-bathroom multi-family in Hamilton offers 6,288 sqft of living area on a 0.02 ac lot. 2 storeys. The property has lot dimensions of 0.02. The home features forced air heating, none, a none basement.
MLS Remarks
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. (id:60351)
Full Listing Details
Address167-177 WILSON Street
MLS#40845620
Listing StatusActive
Property TypeResidential
Sub-TypeMulti-family
TransactionSale
Days on Market111
Common InterestFreehold
Annual Tax$8,141
Parking TypeNone
Structure TypeDuplex
AttachedAttached
StyleMultiplex
Bedrooms18
Bathrooms6
Living Area6,288 sqft
Above Grade Area6,288 sqft (Other)
Stories2
CityHamilton
ProvinceOntario
Postal CodeL8R1E3
Subdivision140 - Beasley
Lot Size0.02 ac
Lot Dimensions0.02
Frontage16.0 feet
Zoning DetailsD5
Parking FeaturesNone
HeatingForced air
CoolingNone
BasementNone
FoundationPoured Concrete
ExteriorVinyl siding
CommunityHigh Traffic Area, Community Centre
SewerMunicipal sewage system
Annual Tax$8,141
Intersection of Ferguson & Wilson
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