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:56248)
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
Interested?
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
July 06 2026 09:29:46
REALTORS® Association of Hamilton-Burlington
Right At Home Realty