167-177 WILSON Street, Hamilton, ON L8R1E3
167-177 WILSON Street, Hamilton, ON L8R1E3
167-177 WILSON Street, Hamilton, ON L8R1E3
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Gail Reeves Reid

Gail Reeves Reid

+1(416) 540-8681
$1,674,900
Est. payment /mo
18 Beds
6 Baths
6,288 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 6288

Square Footage 6,288 sqft

Price per Sqft $266

Subdivision 140 - Beasley

MLS® Listing ID 40845620

Bedrooms 18

Lot Size 871 Sqft

Acres 0.02

Property Sub-Type Freehold

Appx SqFt 6288

Property 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. (id:24570)

Location

Province ON

Rooms

Kitchen 0.0

Interior

Heating Forced air

Cooling None

Exterior

Parking Features No

Community Features High Traffic Area, Community Centre

View Y/N No

Attached Garage No

Garage No

Private Pool No

Building

Story 2

Sewer Municipal sewage system

Others

Ownership Freehold

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Gail Reeves Reid

Gail Reeves Reid

+1(416) 540-8681

Broker License ID: 9520476

Broker License ID: 9520476

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