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. Plus a CAP RATE of 6.8%. • 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
Right at Home Realty
$1,799,900
167-177 Wilson Street, Hamilton, Ontario
18 Bedrooms
6 Bathrooms
6288 Sqft
Property
MLS® Number: 40792459
Address: 167-177 Wilson Street
City: Hamilton
Exterior: Vinyl Siding
Lot Size: 63.0ft x 16.0ft
Utilities
Heating: Forced Air
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Property Sale History
Travel and Neighbourhood
97/100Walk Score®
Walker's Paradise
Location
