66 Wellington Street South

Hamilton, ONMulti-family
$1,499,000
MLS® X13774228
Multi-family9 beds9 baths0 total
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About This Property

Exceptional opportunity to acquire a fully tenanted 8+1 multiplex in Hamilton's desirable Corktown neighbourhood, generating approximately $151,000 in annual gross rental income.This substantial three-storey income property has undergone extensive renovations and offers updated units with modern finishes, providing investors with a low-maintenance and income-producing addition to their portfolio. Tenant amenities include private balconies and patios, on-site laundry, separate unit entrances and a finished basement.Situated on a deep 36.6 134.5 ft lot in a high-demand central location, the property is just minutes from downtown Hamilton, the Hamilton GO Centre, major transit routes, shopping, restaurants and everyday amenities.With strong existing rental income, full occupancy, recent capital improvements and excellent long-term potential, this is an outstanding opportunity for both experienced and first-time multifamily investors.Financial information and supporting documents are available to qualified buyers. A minimum of 24 hours' notice is required for all showings. (id:63604)

Key Facts

Type
Multi-family
Beds
9
Baths
9
Size
3,500 sqft
Lot
36.6 x 134.5 FT
Parking
0 total
Property Details 13 details
Bedrooms
9 bedrooms
7 above grade + 2 below grade
Bathrooms
9 bathrooms
Parking
0 parking spaces
No Garage
Living area
3,500 - 5,000 sq. ft.
Property
Multi-family
Property subtype
Multi-family
Structure type
Other
Storeys
3
Basement
Finished, Separate entrance
Heating
Baseboard heaters, Electric
Cooling
Wall unit
Fireplace
No
Lot dimensions
36.6 x 134.5 FT
Frontage
36.70 feet
Taxes
$6,900.00
Water source
Municipal water
Sewer
Sanitary sewer

Exterior features

Brick
Mortgage & Affordability Estimate monthly costs
Mortgage Tools Buyer/Seller Snapshot
Purchase price$1,499,000
Down paymentNot available
Mortgage amountNot available
Principal & interestNot available
Property taxesNot available
Condo/HOA feeNot available
Insurance/OtherNot available
UtilitiesNot available
Est. monthly totalNot available
Income needed (GDS 32%)Not available
Estimates only. Not financial advice. Rates, taxes and fees vary by lender and municipality.

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Neighbourhood

Area
Corktown
City
Hamilton
Postal code
L8N 2R1
Nearby
Main St E/ Wellington St S
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