45 WELLINGTON STREET N Hamilton

45 WELLINGTON STREET N, Hamilton, Ontario

$2,800,000

  • 4,763 Square Feet

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:50212)

  • Listing ID: X13464440
  • Property Type: Multi-family

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Details

  • Amenities Nearby: Public Transit
  • Parking Spaces: 2
  • Transaction: For sale
  • Zoning Description: (D1)

Building

  • Cooling: Partially air conditioned
  • Fireplace Present: False
  • Heating: Forced air
  • Size Exterior: 4763 sqft
  • Size Interior: 4763 sqft
  • Type: Multi-Family
  • Utility Water: Municipal water

Land

  • Amenities: Public Transit
  • Size Frontage: 30 ft ,2 in
  • Size Irregular: Bldg=30.18 x 54.75 FT
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 45 WELLINGTON STREET N in Hamilton Ontario. It was last modified on June 18th, 2026. Contact The TanTeam to schedule a viewing or to discover other Hamilton homes for sale.

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