167-177 WILSON Street|Hamilton, Ontario L8R1E3
Property Details
Bedrooms
18
Bathrooms
6
Property Type
Multi-family
Description
MLS Number: 40792459
Property Details: • Type: Multi-family • Ownership Type: Freehold • Bedrooms: 18 • Bathrooms: 6 • Building Type: N/A • Building Size: N/A sqft • Building Storeys: N/A • Building Amenities: N/A • Floor Area: N/A • Land Size: N/A • Land Frontage: N/A • Parking Type: None • Parking Spaces: N/A
Description: Prime Downtown Development Gem & Income Producer •Unmissable Opportunity: 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 $121,397 (Gross Income: $142,692). Tenants cover all utilities directly, ensuring minimal landlord overhead. Plus a CAP RATE of 6.8%. •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 (69976920)
Agent Information: • Agents: Harry Mand • Contact: 289-244-2554 • Brokerage: Right at Home Realty • Website: https://www.rightathomerealty.com/
Time on Realtor: N/A
Location
Address
167-177 WILSON Street|Hamilton, Ontario L8R1E3
City
Hamilton
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