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Old Hamilton
55 WELLINGTON Street S
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$1,650,000
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55 WELLINGTON Street S
Hamilton, Ontario L8N2P9

MLS® Number: 30692544

Listing Description

Solid 8-plex building in Corktown. All of the work has been done, true turn-key operation. Recently renovated while retaining classic appeal. High quality finishes and upgrades in all units. Some vacant units offering opportunity to choose your own tenants. Recent capital expenditures including new roof (2018), windows (2018) and hydro meter upgrade to 400 amp (2018). Detached double car garage and parking on site. Net operating income above $86K Great value at a cap rate of over 5%!!! (33333439)

Property Summary

Property Type
Multi-family
Building Type
Multi-Family
Storeys
3
Subdivision Name
142 - Corktown
Title
Freehold
Land Size
under 1/2 acre
Parking Type
Detached Garage
Time on REALTOR.ca
2305 days

Building

Interior Features
Appliances Included
Dishwasher, Dryer, Refrigerator, Stove, Stove, Washer
Basement Type
Full (Partially finished)
Building Features
Features
Laundry- Coin operated
Foundation Type
Unknown
Style
Detached
Architecture Style
Multi-Unit
Fire Protection
Fire alarm system
Rental Equipment
Other, Water Heater
Total Units
8
Heating & Cooling
Heating Type
Forced air (Natural gas), Radiant heat
Utilities
Utility Type
Water (Available)
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Brick
Parking
Parking Type
Detached Garage
Total Parking Spaces
5

Land

Lot Features
Frontage
51 ft
Land Depth
116 ft
Other Property Information
Zoning Description
res
Rhonda Marie Smith
905-338-9000
905-338-3411
REALTOR® Website
Email
Book showing
RE/MAX Aboutowne Realty Corp., Brokerage
309 Lakeshore Road East Unit A
Oakville, Ontario L6J1J3
905-338-9000
905-338-3411

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Rhonda Marie Smith