167-177 Wilson Street Hamilton, Ontario L8R 1E3
$1,674,900
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:63476)
Property Details
| MLS® Number | X13528686 |
| Property Type | Multi-family |
| Community Name | Beasley |
| Features | Carpet Free |
Building
| Bathroom Total | 6 |
| Bedrooms Above Ground | 18 |
| Bedrooms Total | 18 |
| Appliances | Dryer, Stove, Washer, Refrigerator |
| Basement Type | None |
| Cooling Type | None |
| Exterior Finish | Vinyl Siding |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 5,000 - 100,000 Sqft |
| Type | Other |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 63 Ft |
| Size Frontage | 16 Ft |
| Size Irregular | 16 X 63 Ft |
| Size Total Text | 16 X 63 Ft |
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July 06 2026 10:09:45
Toronto Regional Real Estate Board
Right At Home Realty