45 WELLINGTON STREET N, Hamilton (Beasley), Ontario, L8R1M9

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For sale, ID#: X13464440
45 WELLINGTON STREET N
Hamilton (Beasley) Ontario
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$2,700,000

Brand new mixed-use investment opportunity in the heart of Hamilton's rapidly transforming urban core. This fully converted 7-unit asset is zoned D1 and strategically positioned steps from a major transit corridor, significant intensification projects, and numerous existing and proposed condominium developments.The property comprises 5 residential units and 2 commercial units, including 3 rare loft-style residential floor plans that offer a highly desirable blend of character, functionality, and modern design rarely found in purpose-built rental inventory.Offered with assumable CMHC MLI Select financing featuring a 5-year term at 4.13% interest (potentially lower subject to lender approval) and an attractive 50-year amortization, creating exceptional cash flow and long-term financing stability.The property has undergone a comprehensive transformation with virtually all major infrastructure replaced, including electrical, plumbing, HVAC, framing, and insulation. Additional features include all split-unit heating and cooling systems, 8 separate hydro meters (including house meter), a brand-new galvanized powder-coated metal fire escape, 2018 roof, 2021 windows, and 4 on-site parking spaces.Offered at a 4.85% capitalization rate inclusive of taxes, insurance, common utilities, vacancy allowance, property management, and maintenance expenses. Enjoy close to $35,000 in annual positive cash flow. A rare opportunity to acquire a turnkey, institutionally financed mixed-use asset in one of Hamilton's most active growth corridors with strong in-place income and significant long-term appreciation potential. (id:2471)

Representative
Joe Sullivan
Joe SullivanSales Representative
McConkey Real Estate Corp. Brokerage
View My Profile
Property Details
  • Property Address: 45 WELLINGTON STREET N, Hamilton (Beasley), Ontario, L8R1M9
  • Community Name: Beasley
  • Property Type: Multi-family
  • Zoning Description: (D1)
  • Lot Size: Bldg=30.18 x 54.75 FT
  • Acreage: Bldg=30.18 x 54.75 FT
  • Water Type: Municipal water
  • Total Parking Spaces: 2
  • Maintenance Fee: 0.00
  • Amenities Nearby: Public Transit
Structure Details
  • Structure Style: Multi-Family
  • Floor Space: 4763 sqft
  • Building Age: 100+ years
  • Cooling: Partially air conditioned
Neighbourhood Information

Listing Office: REVEL REALTY INC.

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45 WELLINGTON STREET N, Hamilton (Beasley), Ontario, L8R1M9

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