167-177 Wilson Street, Hamilton, ON L8R 1E3
Hamilton, ON, L8R 1E3 · Beasley
About this property
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.
Features & Amenities
- Garage: None
- Cooling: None
- Heat Type: Forced Air
- Heat Source: Gas
- Style: 2-Storey
- Construction: Vinyl Siding
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Multiplex |
| Architectural Style | 2-Storey |
| Bedrooms | 18 |
| Bathrooms | 6 |
| Basement | None |
| Garage | None |
| Heat Type | Forced Air |
| Heat Source | Gas |
| Cooling | None |
| Sewer | Sewer |
| Annual Tax | $8,683 |
| Tax Year | 2025 |
Interior Features
- Interior Features
- Carpet Free
Exterior Features
- Pool Features
- None
Building & Construction
- Architectural Style
- 2-Storey
- Construction Materials
- Vinyl Siding
- Foundation Details
- Poured Concrete
- Roof
- Asphalt Shingle
- Basement
- None
Heating & Cooling
- Heat Type
- Forced Air
- Heat Source
- Gas
- Cooling
- None
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 0
- Parking Total
- 0.00
- Covered Spaces
- 0
Lot & Land
- Lot Size Units
- Feet
- Lot Depth
- 63.00
- Lot Width
- 16.00
Financial & Tax
- Tax Annual Amount
- $8,683
- Tax Year
- 2025
- Possession Type
- Immediate
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 18
- Rooms Below Grade
- 0
- Kitchens Above Grade
- 6
- Kitchens Total
- 6
- Bedrooms Above Grade
- 18
- Bedrooms Below Grade
- 0
Additional Details
- Occupant Type
- Tenant
- Direction Faces
- East
- County Or Parish
- Hamilton
- Cross Street
- Ferguson
- Directions
- Intersection of Ferguson and Wilson
- Special Designation
- Unknown
- Showing Requirements
- Lockbox
Location
167-177 Wilson Street, Hamilton, ON L8R 1E3, Hamilton, ON, L8R 1E3