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$ 1,799,900
Est. payment /mo
New
167-177 Wilson ST Hamilton, ON L8R 1E3
18 Beds
6 Baths
UPDATED:
Key Details
Property Type Townhouse
Sub Type Att/Row/Townhouse
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 +
Subdivision Beasley
MLS Listing ID X12631388
Style 2-Storey
Bedrooms 18
Annual Tax Amount $8,141
Tax Year 2025
Property Sub-Type Att/Row/Townhouse
Property Description
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. 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 Hamilton
Rooms
Family Room No
Basement None
Kitchen 6
Interior
Interior Features Carpet Free
Cooling None, Window Unit(s)
Fireplace No
Heat Source Gas
Exterior
Pool None
Roof Type Asphalt Shingle
Lot Frontage 16.0
Lot Depth 63.0
Building
Building Age 100+
Foundation Concrete
Others
ParcelsYN No
Listed by RIGHT AT HOME REALTY