47 Wellington Street S new Save Request In-Person Tour Request Virtual Tour
Hamilton,ON L8N 2P9
Key Details
Property Type Multi-Family
Sub Type Multi-4 Unit
Listing Status Active
Purchase Type For Sale
Square Footage 2,800 sqft
Price per Sqft $339
MLS Listing ID 40741788
Bedrooms 5
Abv Grd Liv Area 2,800
Year Built 1890
Annual Tax Amount $4,865
Property Sub-Type Multi-4 Unit
Source Hamilton - Burlington
Property Description
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.
Location
Province ON
County Hamilton
Area 14 - Hamilton Centre
Zoning D5
Direction Main Street East & Wellington St S
Rooms
Basement Separate Entrance,Walk-Up Access,Partial,Partially Finished
Kitchen 0
Interior
Interior Features Other
Heating Forced Air,Natural Gas
Cooling None
Fireplace No
Appliance Dishwasher,Dryer,Refrigerator,Stove,Washer
Laundry In-Suite
Exterior
Exterior Feature Separate Hydro Meters
Roof Type Asphalt Shing
Lot Frontage 28.0
Lot Depth 121.5
Garage No
Building
Lot Description Rectangular,Hospital,Library,Park,Place of Worship,Public Transit,Schools
Faces Main Street East & Wellington St S
Story 2.5
Foundation Concrete Block
Sewer Sewer (Municipal)
Water Municipal
Structure Type Brick
New Construction No
Others
Senior Community No
Tax ID 171770004
Ownership Freehold/None