45 Wellington St N - Storefront Retail/Residential FOR SALE


Hamilton, ON L8R 1M9- Hamilton Downtown C
$2,800,000 CAD
905-592-0990
45 Wellington St N, Hamilton, ON for Sale
$2,800,000 CAD
Storefront Retail/Residential - FOR SALE
1/3
null | Request Cap Rate

45 Wellington St N
Hamilton, ON L8R 1M9
Hamilton Downtown C


HIGHLIGHTS

  • Fully renovated mixed-use property.
  • Updated electrical, plumbing, HVAC, roofing, and windows.

OVERVIEW

This recently redeveloped mixed-use property represents a turnkey investment located in the heart of Hamilton’s rapidly revitalizing downtown corridor. Configured as a fully converted 7-unit asset, the property offers a rare combination of modern infrastructure and stable income potential. The building is zoned D1 and conveniently positioned steps from major transit routes and multiple urban intensification projects, ensuring future demand and growth. Significant capital improvements have been completed, including new electrical, plumbing, HVAC, framing, and insulation systems. Additional structural features include all new split-unit heating and cooling, eight separate hydro meters, a galvanized powder-coated metal fire escape, 2018 roofing, and 2021 windows. On-site parking accommodates four vehicles. This offering includes assumable CMHC MLI Select financing at favorable terms, with a 5-year rate at 4.13% and an extended 50-year amortization, delivering consistent cash flow benefits and financial flexibility. With a cap rate of approximately 4.63%, inclusive of expenses, the property generates near $35,000 in positive annual cash flow, making it an attractive proposition for investors seeking long-term appreciation and income stability.

FOR SALE DETAILS

PRICE

$2,800,000 CAD

PRICE/SF

$344 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,712 SF

ZONING

D1

APN/PARCEL ID

251802018107150

ASK ABOUT THIS PROPERTY

Abdellah MajdRevel Realty IncMore Info
905-592-0990

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Abdellah MajdRevel Realty IncMore Info
905-592-0990

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.