167-177 Wilson Street Hamilton, Ontario L8R 1E3

$1,799,900

Prime Downtown Development Gem & Income Producing Unmissable Opportunity with over 8% CAP RATE. Secure a high-performing asset with unparalleled future upside. This is a rare chance to acquire six side-by-side townhouses in a prime downtown location, offering immediate and significant cash flow from day one. Zero-Friction Income: Enjoy a massive annual net operating income (NOI) of $131,456 (Gross Income: $149,892). Tenants cover all utilities directly, ensuring minimal landlord overhead. Ideal Units: Each unit is a desirable 3-bedroom townhome with a private, fenced backyard, attracting and retaining quality long-term tenants. Immediate Access: Unit #171 is vacant and ready for viewing - see the potential for yourself. Zoning already in place: The property already holds downtown zoning approval for an ambitious seven-story mixed-use development. Skip the complex initial rezoning phase and move straight to planning. Expansion Ready: The buyer has the option to pursue severance to create six individual standalone properties, or inquire about acquiring neighboring properties (potentially the entire block) for a transformative large-scale project. Vibrant Location: The surrounding area is a diverse, high-demand community, perfectly positioned for a dynamic "Live-Work-Play" concept that integrates modern residential units with ground-floor commercial space. Act Now! Whether you're seeking a strong cash-flowing asset or a large-scale development platform, this property delivers (id:15069)

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https://www.realtor.ca/real-estate/29184568/167-177-wilson-street-hamilton-beasley-beasley