167-177 Wilson Street Hamilton, Ontario L8R 1E3
$1,799,900
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. Plus a CAP RATE of 6.8%. •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:55580)
Property Details
| MLS® Number | 40792459 |
| Property Type | Multi-family |
| Amenities Near By | Playground |
| Community Features | High Traffic Area, Community Centre |
Building
| Bathroom Total | 6 |
| Bedrooms Total | 18 |
| Basement Type | None |
| Cooling Type | None |
| Exterior Finish | Vinyl Siding |
| Foundation Type | Poured Concrete |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 6288 Sqft |
Parking
| None |
Land
| Acreage | No |
| Land Amenities | Playground |
| Sewer | Municipal Sewage System |
| Size Depth | 63 Ft |
| Size Frontage | 16 Ft |
| Size Irregular | 0.02 |
| Size Total | 0.02 Ac|under 1/2 Acre |
| Size Total Text | 0.02 Ac|under 1/2 Acre |
| Zoning Description | D4 |
https://www.realtor.ca/real-estate/29184461/167-177-wilson-street-hamilton
Interested?
Contact us for more information
Harry Mand
Salesperson
5111 New Street Unit 104
Burlington, Ontario L7L 1V2
(905) 637-1700
https://www.rightathomerealty.com/
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December 13 2025 05:29:23
REALTORS® Association of Hamilton-Burlington
Right At Home Realty