45 Wellington Street N Hamilton, Ontario L8R 1M9
$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:49203)
Business
| Business Type | Residential |
| Business Sub Type | Apartments |
Property Details
| MLS® Number | X13464440 |
| Property Type | Multi-family |
| Community Name | Beasley |
| Amenities Near By | Public Transit |
| Parking Space Total | 2 |
Building
| Age | 100+ Years |
| Cooling Type | Partially Air Conditioned |
| Heating Type | Forced Air |
| Size Exterior | 4763 Sqft |
| Size Interior | 4,763 Sqft |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Public Transit |
| Size Depth | 54 Ft ,9 In |
| Size Frontage | 30 Ft ,2 In |
| Size Irregular | Bldg=30.18 X 54.75 Ft |
| Size Total Text | Bldg=30.18 X 54.75 Ft |
| Zoning Description | (d1) |
https://www.realtor.ca/real-estate/29925655/45-wellington-street-n-hamilton-beasley-beasley
Contact Us
Contact us for more information
Abdellah Majd
Salesperson
69 John St South Unit 400a
Hamilton, Ontario L8N 2B9
(905) 592-0990
(905) 357-1705
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August 01 2026 02:32:25
Toronto Regional Real Estate Board
Revel Realty Inc.