Property Description for 47 WELLINGTON Street S
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 +6.5% 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:38686)
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Property Details
Property Tax
: $4,866MLS® #
: 40766268
Home Features
Property Type
: MultiFamilySquare Footage
: 2,800 SQFTSubdivision
: 142 - Corktown
Interior Features
Heating
: Forced air, Natural gasBasement
: Partially finished, Partial
Utilities
Sewer
: Municipal sewage system
Other
Exterior Features
: Brick
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