5 Bedroom
4 Bathroom
2800 sqft
None
Forced Air
$949,900
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% 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. (id:49187)
Property Details
MLS® Number
|
40741788 |
Property Type
|
Multi-family |
Neigbourhood
|
Corktown |
Amenities Near By
|
Hospital, Park, Place Of Worship, Public Transit, Schools |
Equipment Type
|
Water Heater |
Parking Space Total
|
3 |
Rental Equipment Type
|
Water Heater |
Building
Bathroom Total
|
4 |
Bedrooms Total
|
5 |
Basement Development
|
Partially Finished |
Basement Type
|
Partial (partially Finished) |
Constructed Date
|
1890 |
Cooling Type
|
None |
Exterior Finish
|
Brick |
Fire Protection
|
Alarm System, Unknown |
Foundation Type
|
Block |
Heating Fuel
|
Natural Gas |
Heating Type
|
Forced Air |
Stories Total
|
3 |
Size Interior
|
2800 Sqft |
Type
|
Fourplex |
Utility Water
|
Municipal Water |
Land
Acreage
|
No |
Land Amenities
|
Hospital, Park, Place Of Worship, Public Transit, Schools |
Sewer
|
Municipal Sewage System |
Size Depth
|
122 Ft |
Size Frontage
|
28 Ft |
Size Total Text
|
Under 1/2 Acre |
Zoning Description
|
D5 |
https://www.realtor.ca/real-estate/28503059/47-wellington-street-s-hamilton