$2,800,000
45 Wellington Street N, Hamilton, ON L8R 1M9
Hamilton
- Square feet
- 4,763
- Type
- Investment
About this listing
Brand new mixed-use investment opportunity in the heart of Hamilton's rapidly transforming urban core. This fully converted 7-unit asset is zoned D1 and strategically positioned steps from a major transit corridor, significant intensification projects, and numerous existing and proposed condominium developments.The property comprises 5 residential units and 2 commercial units, including 3 rare loft-style residential floor plans that offer a highly desirable blend of character, functionality, and modern design rarely found in purpose-built rental inventory.Offered with assumable CMHC MLI Select financing featuring a 5-year term at 4.13% interest (potentially lower subject to lender approval) and an attractive 50-year amortization, creating exceptional cash flow and long-term financing stability.The property has undergone a comprehensive transformation with virtually all major infrastructure replaced, including electrical, plumbing, HVAC, framing, and insulation. Additional features include all split-unit heating and cooling systems, 8 separate hydro meters (including house meter), a brand-new galvanized powder-coated metal fire escape, 2018 roof, 2021 windows, and 4 on-site parking spaces.Offered at a 4.63% capitalization rate inclusive of taxes, insurance, common utilities, vacancy allowance, property management, and maintenance expenses. Enjoy close to $35,000 in annual positive cash flow. A rare opportunity to acquire a turnkey, institutionally financed mixed-use asset in one of Hamilton's most active growth corridors with strong in-place income and significant long-term appreciation potential.
View Walk Score, Transit Score & Bike Score
Walkability, transit, and bike-friendliness for 45 Wellington Street N, Hamilton, ON L8R 1M9
Provided by Walk Score®. Walk Score, Transit Score, and Bike Score are trademarks of Walk Score.
MLS# X13464440
Listed by REVEL REALTY INC.
On market since Jun 18, 2026
About 45 Wellington Street N, Hamilton, ON L8R 1M9
How much is 45 Wellington Street N, Hamilton, ON L8R 1M9?
45 Wellington Street N, Hamilton, ON L8R 1M9 is listed for $2,800,000 CAD.
What type of property is 45 Wellington Street N, Hamilton, ON L8R 1M9?
45 Wellington Street N, Hamilton, ON L8R 1M9 is a Investment, 4,763 sq ft.
What neighbourhood is 45 Wellington Street N, Hamilton, ON L8R 1M9 in?
45 Wellington Street N, Hamilton, ON L8R 1M9 is in Hamilton, Ontario.
Is 45 Wellington Street N, Hamilton, ON L8R 1M9 for sale or for rent?
45 Wellington Street N, Hamilton, ON L8R 1M9 is currently for sale.
How do I book a showing for 45 Wellington Street N, Hamilton, ON L8R 1M9?
Contact Michael Mezheritsky at +1 (416) 716-4439 to arrange a private showing of 45 Wellington Street N, Hamilton, ON L8R 1M9 (MLS# X13464440). You can also send a message through the contact form on this site.