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:19593)

Property Details

MLS® Number	40845620
Property Type	Multi-family
Amenities Near By	Playground
Community Features	High Traffic Area, Community Centre

Building

Bathroom Total	6
Bedrooms Total	18
Basement Type	None
Cooling Type	None
Exterior Finish	Vinyl Siding
Foundation Type	Poured Concrete
Heating Type	Forced Air
Stories Total	2
Size Interior	6,288 Sqft

Parking

None

Land

Acreage	No
Land Amenities	Playground
Sewer	Municipal Sewage System
Size Depth	63 Ft
Size Frontage	16 Ft
Size Irregular	0.02
Size Total	0.02 Ac|under 1/2 Acre
Size Total Text	0.02 Ac|under 1/2 Acre
Zoning Description	D4

https://www.realtor.ca/real-estate/29994968/167-177-wilson-street-hamilton