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    For Sale - 167-177 Wilson Street, Hamilton, Ontario

    Est payment $8,922/mo
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    Views   1
    Time on Jump  76 day

    AI Summary *

    • Prime downtown location with six side-by-side townhouses for investment.
    • High net operating income with minimal landlord overhead from tenant-paid utilities.
    • Each unit features 3 bedrooms and private, fenced backyards for appeal.
    • Zoning approval for seven-story mixed-use development already in place.
    • Opportunities for expansion or severance for standalone properties available.




    Prime downtown development gem & income producer unmissable opportunity: 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. Zero-friction income: enjoy a massive annual net operating income (noi) of $121,397 (gross income: $142,692). Tenants cover all utilities directly, ensuring minimal landlord overhead. With a current cap rate of 6. 8%, plus with 2 units becoming vacant, the cap rate can reach over 7. 25% ideal units: each unit is a desirable 3-bedroom townhome with a private, fenced backyard, attracting and retaining quality long-term tenants. Immediate access: unit #171 is vacant and ready for viewing - see the potential for yourself. Zoning already in place: the property already holds downtown zoning approval for an ambitious seven-story mixed-use development. Skip the complex initial rezoning phase and move straight to planning. Expansion ready: the 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. Vibrant location: 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
    Listing IDX12631388
    Address167-177 Wilson Street
    CityHamilton, Ontario
    Price$1,799,900
    Bed / Bath18 / 6 Full
    Style2-Storey, Att/Row/Townhouse
    ConstructionVinyl Siding
    TypeResidential
    StatusFor Sale

    Subtype Att/Row/TownhouseIndoor Features Carpet FreeOwnership FreeholdBasement NoneFoundation ConcreteHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

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    Listing Agency:  RIGHT AT HOME REALTY
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    167-177 Wilson Street
    Hamilton , Ontario
    18 6 $1,799,900
    Get more info