Key Facts
- MLS® #: X12631388
- Secondary MLS® #: 40792459
- Property ID: SIRC3012287
- Property Type: Residential, Townhouse
- Lot Size: 1,008 sq.ft.
- Year Built: 100
- Bedrooms: 18
- Bathrooms: 6
- Listed By:
- RIGHT AT HOME REALTY
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 $122,332 (Gross Income: $142,116). 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
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Location
167-177 Wilson St, Hamilton, Ontario, L8R 1E3 Canada
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- Property Taxes 0
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