167-177 WILSON STREET, Hamilton (Beasley), Ontario, L8R1E3

Property Description

Prime Downtown Development Gem & Income Producing Unmissable Opportunity with over 8% 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. Zero-Friction Income: Enjoy a massive annual net operating income (NOI) of $131,456 (Gross Income: $149,892). Tenants cover all utilities directly, ensuring minimal landlord overhead. 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 (id:64974)

Quick Facts

• Property Type: Townhouse (Freehold)
• Bedrooms: 18 (18 above)
• Bathrooms: 6
• Ownership: Freehold
• Attached: Yes
• Frontage: 16 ft (4.9 m)

Costs

• Annual Taxes: $8,141.00 (2025)

Listing Provided by: RIGHT AT HOME REALTY
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.