45 Wellington Street N, Hamilton, ON L8R 1M9
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45 Wellington Street N, Hamilton, ON L8R 1M9
45 Wellington Street N, Hamilton, ON L8R 1M9
45 Wellington Street N, Hamilton, ON L8R 1M9
45 Wellington Street N, Hamilton, ON L8R 1M9
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Casora Realty

Casora Realty

+1(905) 332-4111
Listed by Abdellah Majd • Revel Realty Inc.
$ 2,700,000
Est. payment /mo
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Price Dropped by $100K

45 Wellington Street N Hamilton, ON L8R 1M9

4,763 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Building and Land

Listing Status Active

Purchase Type For Sale

Square Footage 4,763 sqft

Price per Sqft $566

MLS Listing ID 40840287

Abv Grd Liv Area 4,763

Annual Tax Amount $12,647

Lot Size 1,742 Sqft

Acres 0.04

Property Sub-Type Building and Land

Source Cornerstone

Property Description

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 4.85% 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.

Location

Province ON

County Hamilton

Area 14 - Hamilton Centre

Zoning D3

Direction Wellington St N & King William St

Rooms

Basement Full

Kitchen 0

Interior

Fireplace No

Exterior

Street Surface Paved

Lot Frontage 30.17

Lot Depth 64.42

Garage No

Building

Lot Description Rectangular, City Lot, Public Transit

Faces Wellington St N & King William St

Story 3

Sewer Sewer (Municipal)

Water Municipal

Structure Type Brick

New Construction No

Others

Senior Community No

Tax ID 171680137

Ownership Freehold/None

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Casora Realty
Casora Realty

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45 Wellington Street N