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$ 2,500,000
Est. payment | /mo
4,763 SqFt
$ 2,500,000
Est. payment | /mo
4,763 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 4,763 sqft
Price per Sqft $524
Subdivision Beasley
MLS Listing ID X13787708
Annual Tax Amount $15,000
Tax Year 2026
Lot Size 1,937 Sqft
Property Sub-Type Investment
Property Description
INVESTMENT OPPORTUNITY | 7 MIXED-USE UNITS | 5.62% CAP RATE | $175,740 SCHEDULED ANNUAL GROSS INCOME. 45 Wellington Street N presents a rare opportunity to acquire a fully converted, income-producing mixed-use property featuring 5 residential units, 2 commercial units and additional storage income, creating a diversified revenue stream in one of Hamilton's rapidly evolving urban corridors.Fully tenanted, the property generates approximately $14,645/month in scheduled gross income, or $175,740 annually, and is offered at an attractive 5.62% capitalization rate.Extensive capital improvements include updated HVAC, plumbing and electrical systems, framing and insulation, spray foam insulation, separate hydro metering, roof and windows, on-site parking, a new garden suite, new walk-in cooler and water-powered metal fire escape, plus numerous additional upgrades.Potential financing opportunity: positioned for a potential $2M CMHC take-out under 100-point MLI Select, incorporating affordability and energy-efficiency considerations, with an estimated 9.6% cash-on-cash return, including the applicable default insurance premium.Strategically located near major transit, established amenities, employment centres and significant ongoing redevelopment, the property is well positioned to benefit from Hamilton's continued urban intensification and growth.D1 zoning provides flexibility and additional future opportunity. With diversified income, extensive improvements, an attractive cap rate and potential CMHC financing strategy, 45 Wellington Street N offers investors a compelling opportunity for current cash flow and long-term value creation.A distinctive Hamilton investment property offering scale, income and significant future potential.
Location
Province ON
County Hamilton
Area Hamilton
Interior
Heating Yes
Cooling Partial
Exterior
Community Features Public Transit
Utilities Available Available
Lot Frontage 30.18
Lot Depth 54.75
Building
Building Age 100+
Others
Security Features Partial
ParcelsYN No
Listed by REVEL REALTY INC.
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