167-177 Wilson Street Hamilton, ON L8R 1E3
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-6-9 Unit
Listing Status Active
Purchase Type For Sale
Square Footage 6,288 sqft
Price per Sqft $286
MLS Listing ID 40792459
Bedrooms 18
Abv Grd Liv Area 6,288
Annual Tax Amount $8,141
Lot Size 871 Sqft
Acres 0.02
Property Sub-Type Multi-6-9 Unit
Source Cornerstone
Property Description
• 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
Location
Province ON
County Hamilton
Area 14 - Hamilton Centre
Zoning D4
Direction Intersection of Ferguson & Wilson
Rooms
Basement None
Kitchen 0
Interior
Interior Features None
Heating Forced Air
Cooling None
Fireplace No
Appliance Dryer, Refrigerator, Stove, Washer
Laundry In-Suite
Exterior
Exterior Feature Year Round Living
Roof Type Asphalt Shing
Lot Frontage 16.0
Lot Depth 63.0
Garage No
Building
Lot Description Rectangular, City Lot, High Traffic Area, Library, Playground Nearby, Rec./Community Centre
Faces Intersection of Ferguson & Wilson
Story 2
Foundation Poured Concrete
Sewer Sewer (Municipal)
Water Other
Structure Type Vinyl Siding
New Construction No
Others
Senior Community No
Tax ID 171640098
Ownership Freehold/None
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