167-177 Wilson Street, Hamilton ON

About 167-177 Wilson Street

Prime Downtown Development Gem & Income Producing Unmissable Opportunity with 6.3% 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:56071). Get more information on 167-177 Wilson Street

Property Features

Rental Equipment:  
Directions:  Intersection of Ferguson & Wilson
Zoning Description:  D4
Interior Size (Approximate):  6288 sqft
Community Features:  High Traffic Area, Community Centre
Lot (Approximate):  0.02 ac|under 1/2 acre 0.02
Exterior Finish:  Vinyl siding
Water:  , Municipal sewage system
Heating / Cooling:   / None
Age (Approximate): 
Foundation: Poured Concrete
Basement:  None

Rooms & Sizes

(Approximate)