5 Beds 4 Bath

47 Wellington Street S, Hamilton, ON L0R 2H0

Hamilton L0R 2H0 Ontario

MLS: X12381970

$899,900

Added 4 days ago | For Sale

Listed by: EXP REALTY

About Property

Fully renovated LEGAL FOURPLEX, with one unit VACANT, in the heart of Hamilton offering modern style, Victorian character, and rock-solid investment fundamentals. This stunning, all-above-grade, approx. 2,600 sqft building features 3 x 1-bedroom units and 1 x 2-bedroom unit, each with its own kitchen, bathroom, in-suite laundry, stainless steel appliances, and beautiful exposed brick. All four units were professionally renovated between 2018-2020, showcasing sleek finishes, modern lighting, updated kitchens & baths, and thoughtful layouts. One unit is vacant and ready to lease or occupy, while the remaining three are tenanted with AAA+ renters. Rare 3-car parking at the rear. 4 hydro meters, 4 gas meters and 4 hot water tanks, maximizing NOI. Property delivers a strong +6.5% CAP rate, making this a true cash flow positive, turnkey income property in a highly desirable location. Walkable to downtown amenities, transit, and more. A rare opportunity to invest in a legal, high-quality multi-unit building with character, curb appeal, and upside.

Features

  • House Style:Fourplex
  • Bathrooms:4
  • Land Size: 100 X 185
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:Gas
  • Cross Street:Main Street East & Wellington
  • Basement:Partial Basement,Half , Partial Basement,Half
  • Possession Date:Immediate
  • Annual Property taxes: $4865.89
  • Bedrooms:5
  • Total Parking Spaces:3
  • Parking Places:3
  • Heating Type:Forced Air
  • Pool Type:None
  • Exterior:
  • Direction Facing:East
  • Front Footage:
  • Listing ID:X12381970

About Agent
Prabhjot Singh
REALTOR®
(905) 867-2666 [email protected]
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