167-177 WILSON STREET, Hamilton (Beasley), Ontario L8R1E3

167-177 WILSON STREET
1 / 29

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. With a current CAP RATE of 6.8%, plus with 2 Units becoming Vacant, the CAP RATE can reach over 7.25% 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

Property Specifications

Comprehensive breakdown of features and details.

Interior Details

AppliancesWasher, Refrigerator, Stove, Dryer
BasementNone
Bathrooms Total6
Bedrooms Total18
CoolingWindow air conditioner, None
HeatingForced air, Natural gas

Building & Exterior

Exterior FeaturesVinyl siding
Foundation DetailsConcrete
Parking FeaturesNo Garage
Stories2.0

Land & Location

City RegionBeasley
Frontage Length16.0 feet
Lot FeaturesCarpet Free
Lot Size Dimensions16 x 63 FT

Listing & Financials

Listing OfficeRIGHT AT HOME REALTY
Originating System NameToronto Regional Real Estate Board

Other Specifications

Common InterestFreehold
CountryCanada
Parking Total0

For Sale

$1,799,900

167-177 WILSON STREET, Hamilton (Beasley), Ontario L8R1E3

Beds

18

Baths

6

Living Area

-

Lot Size

-

Property Type

Row / Townhouse

Year Built

-

Listing IDX12631388

Location & Map

Similar Homes You May Like