167-177 WILSON Street
Hamilton, Ontario
MLS® 40845620
$1,674,900
- Status
- Active
- Property type
- Multi-family
- MLS® number
- 40845620
- Bedrooms
- 18
- Bathrooms
- 6
- Year built
- —
1 / 8Listing 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.
Property summary
- MLS® number
- 40845620
- Property type
- Multi-family
- Square footage
- 6,288 sq ft
- Title
- Freehold
- Land size
- 0.02 acres
- Annual property taxes
- $8,683.00
- Parking
- None
- Days on market
- 55 days
Features & details
- Heating
- Forced air
- Cooling
- None
- Basement
- None
- Exterior features
- Vinyl siding
- Community features
- High Traffic Area, Community Centre
What would this home cost you?
Based on the $1,674,900 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Right at Home Realty, Burlington.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.