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STAN KHURANA
Sales Representative


Cell: 647-383-6000
Office: 905-883-1988
Fax: 905-883-8108

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CENTURY 21 ATRIA REALTY INC., BROKERAGE
Independently owned and operated.
C200-1550 Sixteenth Ave Bldg C Richmond Hill, ON L4B3K9


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$2,500,000
Available - For Sale
Listing ID: X13787708
INVESTMENT OPPORTUNITY | 7 MIXED-USE UNITS | 5.62% CAP RATE | $175,740 SCHEDULED ANNUAL GROSS INCOME. 45 Wellington Street N presents a rare opportunity to acquire a fully converted, income-producing mixed-use property featuring 5 residential units, 2 commercial units and additional storage income, creating a diversified revenue stream in one of Hamilton's rapidly evolving urban corridors.Fully tenanted, the property generates approximately $14,645/month in scheduled gross income, or $175,740 annually, and is offered at an attractive 5.62% capitalization rate.Extensive capital improvements include updated HVAC, plumbing and electrical systems, framing and insulation, spray foam insulation, separate hydro metering, roof and windows, on-site parking, a new garden suite, new walk-in cooler and water-powered metal fire escape, plus numerous additional upgrades.Potential financing opportunity: positioned for a potential $2M CMHC take-out under 100-point MLI Select, incorporating affordability and energy-efficiency considerations, with an estimated 9.6% cash-on-cash return, including the applicable default insurance premium.Strategically located near major transit, established amenities, employment centres and significant ongoing redevelopment, the property is well positioned to benefit from Hamilton's continued urban intensification and growth.D1 zoning provides flexibility and additional future opportunity. With diversified income, extensive improvements, an attractive cap rate and potential CMHC financing strategy, 45 Wellington Street N offers investors a compelling opportunity for current cash flow and long-term value creation.A distinctive Hamilton investment property offering scale, income and significant future potential.
Price $2,500,000
Taxes: $15,000
Tax Type: Annual
Assessment Year: 2026
Occupancy by: Owner+T
Address: 45 Wellington Street North , Hamilton, L8R 1M9, Hamilton
Postal Code: L8R 1M9
Province/State: Hamilton
Legal Description: Pt Lt 20-21 Pl 36 As In Ab346513; City O
Directions/Cross Streets: Wellington St. N/King William
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Category: Apartment
Use: Apts - 6 To 12 Units
Building Percentage: T
Total Area: 4,763
Total Area Code:  Square Feet
Office/Appartment Area: 600
Office/Appartment Area Code: Sq Ft
Office/Appartment Area Code: %
Retail Area Code: Sq Ft
Area Influences: Public Transit  
Approximatly Age: 100+
Franchise: F
Maintenance: 0
Sprinklers: Part
Outside Storage: F
Rail: N
Soil Test: No
Truck Level Shipping Doors #: 0
Double Man Shipping Doors #: 0
Drive-In Level Shipping Doors #: 0
Grade Level Shipping Doors #: 0
Heat Type: Electric Forced Air
Central Air Conditioning: Partial
Sewers: Sanitary+Storm
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Asking Price: $ Heating: $ /Year  
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
REVEL REALTY INC.

45 Wellington Street North , Hamilton, L8R 1M9, Hamilton

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Stan Khurana
Sales Representative
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6473836000
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Type: Com - Investment
Area: Hamilton
Municipality: Hamilton
Neighbourhood: Beasley
Style:
Lot Size: x 54.75(Feet)
Approximate Age: 100+
Tax: $15,000
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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