45 Wellington Street N Hamilton, Ontario L8R 1M9

$2,800,000

Brand new mixed-use investment opportunity in the heart of Hamilton's rapidly transforming urban core. This fully converted 7-unit asset is zoned D1 and strategically positioned steps from a major transit corridor, significant intensification projects, and numerous existing and proposed condominium developments. Offered with assumable CMHC MLI Select financing featuring a 5-year term at 4.13% interest (potentially lower) and an attractive 50-year amortization, creating exceptional cash flow and long-term financing stability. The property has undergone a comprehensive transformation with virtually all major infrastructure replaced, including electrical, plumbing, HVAC, framing, and insulation. Additional features include all split-unit heating and cooling systems, 8 separate hydro meters (including house meter), a brand-new galvanized powder-coated metal fire escape, 2018 roof, 2021 windows, and 4 on-site parking spaces. Offered at a 4.63% cap rate inclusive of taxes, insurance, common utilities, vacancy allowance, property management, and maintenance expenses. Enjoy close to $35,000 (pending standard commercial downpayment) in annual positive cash-flow! A rare opportunity to acquire a turnkey, institutionally financed mixed-use asset in one of Hamilton's most active growth corridors with strong in-place income and significant long-term appreciation potential (id:19593)

Property Details

MLS® Number	40840287
Property Type	Other
Amenities Near By	Public Transit
Parking Space Total	4

Building

Basement Type	Full
Exterior Finish	Brick
Stories Total	3
Size Exterior	4763.0000
Size Interior	4,763 Ft2
Type	Residential Commercial Mix
Utility Water	Municipal Water

Land

Access Type	Road Access
Acreage	No
Land Amenities	Public Transit
Sewer	Municipal Sewage System
Size Depth	64 Ft
Size Frontage	30 Ft
Size Irregular	0.04
Size Total	0.04 Ac|under 1/2 Acre
Size Total Text	0.04 Ac|under 1/2 Acre
Zoning Description	D3

https://www.realtor.ca/real-estate/29919101/45-wellington-street-n-hamilton