570 Upper Wellington Street Hamilton, Ontario L9A 3P9
$1,799,900
Investment opportunity on Hamilton Mountain! This property features six well-maintained residential units & 1 commercial lease, all fully tenanted, ensuring immediate rental income. Additionally, the property includes a billboard lease, further enhancing the income potential. Impressive overall cap rate of 6.05%, this property promises substantial returns.The residential units offer a mix of layouts 2- 2 bedrooms, 3- 1 bedrooms & 1 Bachelor, catering to diverse tenant needs, and are situated in a desirable neighborhood with easy access to amenities, public transport, and major highways. 8 parking spots. Don't miss out on this exceptional opportunity to expand your portfolio with a property that combines stability, growth potential, and a prime location on Hamilton Mountain. (id:56248)
Business
| BusinessType | Other |
Property Details
| MLS® Number | H4195164 |
| Property Type | Other |
| ParkingSpaceTotal | 8 |
Building
| CoolingType | None |
| HeatingType | No Heat |
| SizeExterior | 5000 Sqft |
| SizeInterior | 5000 Sqft |
| Type | Commercial Mix |
| UtilityWater | Municipal Water |
Parking
| Surfaced |
Land
| Acreage | No |
| Sewer | No Sewage System |
| SizeDepth | 127 Ft |
| SizeFrontage | 50 Ft |
| SizeIrregular | 50 X 127 |
| SizeTotalText | 50 X 127|under 1/2 Acre |
| ZoningDescription | C5 |
https://www.realtor.ca/real-estate/26941907/570-upper-wellington-street-hamilton
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May 25 2024 02:06:30
REALTORS® Association of Hamilton-Burlington
RE/MAX Escarpment Golfi Realty Inc.