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47 Wellington Street S, Hamilton, ON L0R 2H0

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  • Hamilton

47 Wellington Street S, Hamilton, ON L0R 2H0

47 Wellington Street S, Hamilton, ON L0R 2H0

$949,900

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Property ID:

 RH-826730-property

Bedrooms
5
Bathrooms
4
Garage
No
Year Built
2025

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.

Additional Details

  • Property Sub Type: Fourplex
  • Transaction Type: For Sale
  • Basement: Partial Basement, Half
  • Heating Source: Gas
  • Heating Type: Forced Air
  • Parking Space: 3

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