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$1,489,900
Hamilton
66 Wellington Street South, Hamilton (Corktown), Ontario, L8N2R1
This multi-family property in Hamilton is for sale offering roughly 4,250 sq ft of space. It has been on the market 27 days, fresher than the Hamilton average of 72 days.
Exceptional opportunity to acquire a fully tenanted 8+1 multiplex in Hamilton's desirable Corktown neighbourhood, generating approximately $151,000 in annual gross rental income.This substantial three-storey income property has undergone extensive renovations and offers updated units with modern finishes, providing investors with a low-maintenance and income-producing addition to their portfolio. Tenant amenities include private balconies and patios, on-site laundry, separate unit entrances and a finished basement.Situated on a deep 36.6 134.5 ft lot in a high-demand central location, the property is just minutes from downtown Hamilton, the Hamilton GO Centre, major transit routes, shopping, restaurants and everyday amenities.With strong existing rental income, full occupancy, recent capital improvements and excellent long-term potential, this is an outstanding opportunity for both experienced and first-time multifamily investors.Financial information and supporting documents are available to qualified buyers. A minimum of 24 hours' notice is required for all showings. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 27 days on market, against an average age of 72 days across the listings currently for sale in this city
This 9-bed multi-family in Hamilton (Corktown) has been listed for 27 days, which is 45 days fresher than the city average of 72. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,489,900, about 27.2× the local median household income of $54,800.
Carrying it typically needs a household income of about $291,030 (20% down, 25-yr amortization, stress-tested) — roughly 431% above the area median.
Source: Statistics Canada, 2021 Census (FSA L8N)
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Loading rates, 30-yr amortization
Cash Needed to Close
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