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    For Sale - 45 Wellington Street, Hamilton, Ontario

    Est payment $12,965/mo
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    Views   4
    Time on Jump  61 day

    AI Summary *

    • Brand new mixed-use investment in Hamilton's transforming urban core.
    • Includes 5 residential and 2 commercial units with unique loft-style designs.
    • Comprehensive renovations with updated infrastructure throughout the property.
    • Close to major transit, intensification projects, and new developments.
    • Positive annual cash flow with attractive financing options available.




    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. The property comprises 5 residential units and 2 commercial units, including 3 rare loft-style residential floor plans that offer a highly desirable blend of character, functionality, and modern design rarely found in purpose-built rental inventory. Offered with assumable cmhc mli select financing featuring a 5-year term at 4. 13% interest (potentially lower subject to lender approval) 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. 85% capitalization rate inclusive of taxes, insurance, common utilities, vacancy allowance, property management, and maintenance expenses. Enjoy close to $35,000 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.
    Listing IDX13464440
    Address45 Wellington Street
    CityHamilton, Ontario
    Price$2,700,000
    StyleInvestment
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentCommunity Features Public TransitBasement 1Heating / Cooling Electric Forced AirSewer Sanitary+Storm

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    Listing Agency:  REVEL REALTY INC.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    45 Wellington Street
    Hamilton , Ontario
    $2,700,000
    Get more info