$ 2,500,000
45 Wellington Street N
45 Wellington Street N, Hamilton, ON L8R1M9 Photo 1
37 Photos
45 Wellington Street N, Hamilton, ON L8R1M9 Photo 2
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45 Wellington Street N, Hamilton

INVESTMENT OPPORTUNITY | 7 MIXED-USE UNITS | 5.62% CAP RATE | $175,740 SCHEDULED ANNUAL GROSS INCOME. 45 Wellington Street N presents a rare opportunity to acquire a fully converted, income-producing mixed-use property featuring 5 residential units, 2 commercial units and additional storage income, creating a diversified revenue stream in one of Hamilton’s rapidly evolving urban corridors. Fully tenanted, the property generates approximately $14,645/month in scheduled gross income, or $175,740 annually, and is offered at an attractive 5.62% capitalization rate. Extensive capital improvements include updated HVAC, plumbing and electrical systems, framing and insulation, spray foam insulation, separate hydro metering, roof and windows, on-site parking, a new garden suite, new walk-in cooler and water-powered metal fire escape, plus numerous additional upgrades. Potential financing opportunity: positioned for a potential $2M CMHC take-out under 100-point MLI Select, incorporating affordability and energy-efficiency considerations, with an estimated 9.6% cash-on-cash return, including the applicable default insurance premium. Strategically located near major transit, established amenities, employment centres and significant ongoing redevelopment, the property is well positioned to benefit from Hamilton’s continued urban intensification and growth. D1 zoning provides flexibility and additional future opportunity. With diversified income, extensive improvements, an attractive cap rate and potential CMHC financing strategy, 45 Wellington Street N offers investors a compelling opportunity for current cash flow and long-term value creation. A distinctive Hamilton investment property offering scale, income and significant future potential. (id:1945)
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Property details for 45 Wellington Street N, Hamilton

Type
Multi-family
Bedrooms
5
Bathrooms
5
Living Area
4,763 square feet
Stories
3
Basement
Unfinished, Full
Parking
Open
Heating
Electric
Cooling
Ductless
Exterior
Brick
Ownership
Freehold
Annual Taxes
$15,000

Nearby Listings Stat

Estimated price and comparable properties near 45 Wellington Street N

Active Listings
2
Min Price
$2,500,000
Max Price
$2,500,000
Avg Price
$2,500,000
Days on Market
3
days
Sold Listings
2
Min Sold Price
$1,149,000
Max Sold Price
$1,149,000
Avg Sold Price
$1,149,000
Days until Sold
96
days

Neighbourhood Census Data

Hamilton, Ontario

Population
823
Median Age
47.9
Median Income
$17,387

Housing Tenure

Renters 94%

Age Distribution

Dwelling Types

Commute Mode

Education Level

Housing Age

Commute Duration

Avg Household Size: 1.6
Pop. Density: 7,845.6/km²
Owners with Mortgage: 60%
Owners Spending 30%+: 0%
Tenants Spending 30%+: 50%
English only: 83.6%
English and French: 6.1%
Neither: 10.3%
Median Household Income: $18,320
Median Employment Income: $16,672

Price History

Listed
September 15, 2026
by Revel Realty Inc.
Current Price
$2,500,000
-7.4% from last change
Type
Multi-family
For Sale
Price Changes
2
Date Price Change
Current $2,500,000 $200,000 (-7.4%)
Sep 15, 2026 $2,700,000 $100,000 (-3.6%)
Aug 1, 2026 $2,800,000 Listed

Contact Agent Get in touch about 45 Wellington Street N, Hamilton

Abdellah Majd
Revel Realty Inc.

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