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45 WELLINGTON STREET N, Hamilton, Ontario, L8R 1M9

MLS® # X13464440
Investment For Sale In Beasley, Hamilton, Ontario
$2,800,000
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
45 Wellington Street N, Hamilton, ON
  • Advertising
45 WELLINGTON STREET N, Hamilton, Ontario, L8R 1M9
$2,800,000

Property Information:

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 4.63% 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:27)

Building Features:

  • Style: Multiplex
  • Building Type: Multi-Family
  • Air Conditioning: Yes
  • Floor Space: 4763 sqft
  • Heating Type: Forced air
  • Cooling Type: Partially air conditioned

Property Features:

  • Property Type: Multi-family
  • Amenities Nearby: Public Transit
  • Floor Space (approx): 4763 Square Feet
  • Irregular: Yes
  • Lot Depth: 54.8 Feet
  • Lot Frontage: 30.2 Feet
  • Lot Size: Bldg=30.18 x 54.75 FT
  • Zoning: (D1)
  • No. of Parking Spaces: 2

Courtesy of: REVEL REALTY INC.

REALTOR.ca  

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Market Price Trends

Single family detached

1.22%

Price change (1 year)

25.28%

Price change (5 years)

All Properties

-0.88%

Price change (1 year)

20.2%

Price change (5 years)

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 45 WELLINGTON STREET N, Hamilton, Ontario, L8R 1M9

Demographic Information of 45 WELLINGTON STREET N, Hamilton, Ontario, L8R 1M9

Life Stage

Later Years

Employment Type

Service Sector

Average Household Income

$79,176.34

Average Number of Children

1.89

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

28.78 %

High school certificate or equivalent

31.95 %

Apprenticeship trade certificate/diploma

5.64 %

College/non-university certificate

17.63 %

University certificate (below bachelor)

0.35 %

University Degree

15.65 %

Commuter

Travel To Work

By Car

67.7 %

By Public Transit

18.85 %

By Walking

10.11 %

By Bicycle

0.71 %

By Other Methods

2.63 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

56.28 %

Houses

43.72 %

Own Vs. Rent

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