45 Wellington Street N Hamilton, ON L8R 1M9
5 Beds
5 Baths
4,763 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-6-9 Unit
Listing Status Active
Purchase Type For Sale
Square Footage 4,763 sqft
Price per Sqft $587
MLS Listing ID 40840934
Bedrooms 5
Abv Grd Liv Area 4,763
Annual Tax Amount $12,647
Property Sub-Type Multi-6-9 Unit
Source Cornerstone
Property Description
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.
Location
Province ON
County Hamilton
Area 13 - Hamilton Centre
Zoning D3
Direction From the 403 Proceed West to John St, Left on Wilson, Right on Wellington St North
Rooms
Basement Full, Unfinished
Kitchen 0
Interior
Interior Features Built-In Appliances
Heating Electric
Cooling Ductless
Fireplace No
Laundry Shared
Exterior
Roof Type Asphalt Shing
Lot Frontage 30.18
Lot Depth 54.75
Garage No
Building
Lot Description City Lot, Public Transit
Faces From the 403 Proceed West to John St, Left on Wilson, Right on Wellington St North
Story 3
Sewer Sewer (Municipal)
Water Municipal
Level or Stories 3
Structure Type Brick
New Construction No
Others
Senior Community No
Tax ID 171680137
Ownership Freehold/None
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