167-177 WILSON Street, Hamilton

2026-07-09
 

Quick Summary

Location
167-177 WILSON Street, Hamilton, Ontario L8R1E3
Price
$1,674,900 CAD
Status:
For Sale
Property Type:
Multi-family
Area:
6288 sqft
Bedrooms:
18
Bathrooms:
6

MLS®#40845620

Property Description

Prime Downtown Development Gem & Income Producing Unmissable Opportunity with 7.6% CAP RATE. 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. Enjoy a massive annual NOI of $126,743 (Gross Income: $149,892). Tenants cover all utilities directly, ensuring minimal landlord overhead. Each unit is a desirable 3-bedroom townhome with a private, fenced backyard, attracting and retaining quality long-term tenants. 2 Units are Vacant and have been recently renovated, ready for new Tenants. The property already holds downtown zoning for an ambitious seven-story mixed-use development. 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. 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. (id:32467)

Property Features

Ammenities Near By

  • Ammenities Near By: Playground

Building

  • Basement Type: None
  • Cooling Type: None
  • Exterior Finish: Vinyl siding
  • Fireplace: No
  • Interior Size: 6288 sqft
  • Stories: 2

Land

  • Land Size: 0.02 ac|under 1/2 acre
  • Sewer: Municipal sewage system

Ownership

  • Type: Freehold

Zoning

  • Description: D4

Information entered by Right at Home Realty
Listing information last updated on: 2026-07-06 21:29:46


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