167-177 WILSON STREET, Hamilton (Beasley), Ontario, L8R1E3
Prime Downtown Development Gem & Income Producer. Unmissable Opportunity: 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. Zero-Friction Income: Enjoy a massive annual net operating income (NOI) of $121,397 (Gross Income: $142,692). Tenants cover all utilities directly, ensuring minimal landlord overhead. Ideal Units: Each unit is a desirable 3-bedroom townhome with a private, fenced backyard, attracting and retaining quality long-term tenants. Immediate Access: Unit #171 is vacant and ready for viewing - see the potential for yourself. Zoning already in place: The property already holds downtown zoning approval for an ambitious seven-story mixed-use development. Skip the complex initial rezoning phase and move straight to planning. Expansion Ready: The 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. Vibrant Location: 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:2471)
McConkey Real Estate Corp. Brokerage
- 705-931-0271
- 705-745-4321
- johnmcconkey11@gmail.com
- Property Address: 167-177 WILSON STREET, Hamilton (Beasley), Ontario, L8R1E3
- Community Name: Beasley
- Property Type: Single Family
- Zoning Description: D5
- Title: Freehold
- Lot Size: 16 x 63 FT
- Acreage: 16 x 63 FT
- Sewage Type: Sanitary sewer
- Water Type: Municipal water
- Driveway: No Garage
- Structure Style: Row / Townhouse
- Style: Attached
- Storeys: 2
- Floor Space: 5000 - 100000 sqft
- Building Age: 100+ years
- Bedrooms: 18
- Bathrooms: 6-Total
- Basement Type: None
- Heating Type: Natural gas, Forced air
- Cooling: None, Window air conditioner
- Exterior Type: Vinyl siding
- Foundation Type: Concrete
- Appliances Included: Dryer, Stove, Washer, Refrigerator
- Carpet Free
Listing Office: RIGHT AT HOME REALTY
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