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$2,800,000
Ontario,Hamilton (Beasley)
For Sale Active
45 WELLINGTON STREET N, Hamilton (Beasley), Ontario L8R1M9
  • 4,763 Sqft
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Basic Details
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 4.63% 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. (id:62650)

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Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: X13464440
  • Price: $2,800,000
  • Square Footage: 4,763 Sqft
  • Status: Active
  • Office Name: REVEL REALTY INC.
  • Property Attached Yn: 1
  • Property Sub Type: Multi-family
  • Office Key: 292332
Features & Appliances
Features
  • Heating System: Forced air
  • Cooling System: Partially air conditioned
Address Map
  • Location: CA, Ontario, Hamilton (Beasley), L8R1M9
  • Street: Wellington
  • Street Number: 45
  • Street Suffix: Street
  • Longitude: W80° 8' 28''
  • Latitude: N43° 15' 18''
  • Street Dir Suffix: North
Additional Information
  • Water Source:
  • Business Type: Residential
  • Lot Size Dimensions: Bldg=30.18 x 54.75 FT
Financial
  • Tax Annual Amount: 12647
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Listing updated: 2026-07-14 00:18:55
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Listing Information
  • List Agent Key: 2109925
  • List Office Key: 292332
  • Modification Timestamp: 2026-06-18T22:30:05Z
  • Originating System Name: Toronto Regional Real Estate Board
  • Status Change Timestamp: 2026-06-18T22:21:56Z
Powered by REALTOR.ca
Listing updated: 2026-07-14 00:18:56
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