70 Wellington Street South

Hamilton, ONDetached
$599,000
MLS® X13774170
Detached4 beds2 baths2 total
70 Wellington Street South, Hamilton, ON photo 1
70 Wellington Street South, Hamilton, ON photo 2
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About This Property

An exceptional investment and development opportunity in the heart of Hamilton's desirable Corktown neighbourhood. Situated on an impressive 44 108 ft lot, this fully rented two-unit property offers immediate rental income together with exciting long-term potential.The property features two self-contained residential units, each offering two bedrooms and one bathroom. Both units are currently rented, providing investors with income from day one. The home offers spacious interiors, updated finishes, heating and air conditioning, and two on-site parking spaces.Ideally located minutes from downtown Hamilton, major transit routes, the Hamilton GO Centre, shopping, restaurants, parks and everyday amenities. Redevelopment plans are available for prospective buyers to review. The large lot may offer opportunities for future expansion or redevelopment, subject to municipal zoning, required approvals and the buyer's own due diligence.A rare opportunity to acquire a beautiful income-producing property with a generous lot in a high-demand central location-ideal for investors, developers or buyers looking for immediate income and excellent future potential. A minimum of 24 hours' notice is required for showings. (id:63604)

Key Facts

Type
Detached
Beds
4
Baths
2
Size
1,500 sqft
Lot
44 x 108 FT
Parking
2 total
Property Details 15 details
Bedrooms
4 bedrooms
4 above grade
Bathrooms
2 bathrooms
Parking
2 parking spaces
No Garage
Living area
1,500 - 2,000 sq. ft.
Property
Single Family · Freehold · Detached
Property subtype
Single Family
Structure type
House
Ownership
Freehold
Attached status
Detached
Storeys
1.50
Basement
Unfinished, Full
Heating
Forced air, Natural gas
Cooling
Window air conditioner
Fireplace
No
Lot dimensions
44 x 108 FT
Frontage
44 feet
Taxes
$3,800.00
Water source
Municipal water
Sewer
Sanitary sewer

Exterior features

BrickConcrete
Mortgage & Affordability Estimate monthly costs
Purchase price$599,000
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
KING ST E TO WELLINGTON ST S