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

167-177 Wilson Street

Hamilton , Ontario

18 6 $1,674,900

Est payment $8,043/mo

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Time on Jump 9 day

AI Summary *

Investment opportunity with a high 7.6% CAP rate for immediate cash flow.
Six side-by-side townhouses in a prime downtown location.
All utilities covered by tenants, minimizing landlord costs.
Two recently renovated units ready for new tenants.
Zoned for a potential seven-story mixed-use development.

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Purchase Price

Term

Interest Rate

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Down Payment:
$ 83,745 ( 5% )

First Time Buyer:
Yes No

New Build:
Yes No

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.

Listing IDX13528686

Address167-177 Wilson Street

CityHamilton, Ontario

Price$1,674,900

Bed / Bath18 / 6 Full

Style2-Storey, Multiplex

ConstructionVinyl Siding

TypeMulti-Family

StatusFor Sale

Extras

Subtype MultiplexIndoor Features Carpet FreeOwnership FreeholdBasement NoneFoundation Poured ConcreteHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

Market Info

Listing Agency:
RIGHT AT HOME REALTY

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Listing Agency:
RIGHT AT HOME REALTY

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

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