For Sale: 45 Wellington Street N, Hamilton, ON - REW
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$2,800,000
5 bd • 5 ba • 4763 sf • Multifamily
45 Wellington Street N
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$2,800,000
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45 Wellington Street NHamilton, ON, L8R 1M9

Landsdale
  • 5 Bed
  • 5 Bath
  • 4763 Sqft
  • Multifamily

About this home

Brand new mixed-use investment opportunity in the heart of Hamilton's rapidly transforming urban core. This fully converted 7-unit asset is zoned D1 and strategically positioned steps from a major transit corridor, significant intensification projects, and numerous existing and proposed condominium developments. The property comprises 5 residential units and 2 commercial units, including 3 rare loft-style residential floor plans that offer a highly desirable blend of character, functionality, and modern design rarely found in purpose-built rental inventory. Offered with assumable CMHC MLI Select financing featuring a 5-year term at 4.13% interest (potentially lower subject to lender approval) and an attractive 50-year amortization, creating exceptional cash flow and long-term financing stability. The property has undergone a comprehensive transformation with virtually all major infrastructure replaced, including electrical, plumbing, HVAC, framing, and insulation. Additional features include all split-unit heating and cooling systems, 8 separate hydro meters (including house meter), a brand-new galvanized powder-coated metal fire escape, 2018 roof, 2021 windows, and 4 on-site parking spaces. Offered at a 4.63% capitalization rate inclusive of taxes, insurance, common utilities, vacancy allowance, property management, and maintenance expenses. Enjoy close to $35,000 in annual positive cash flow. A rare opportunity to acquire a turnkey, institutionally financed mixed-use asset in one of Hamilton's most active growth corridors with strong in-place income and significant long-term appreciation potential.
Listed by: Abdellah Majd, Revel Realty Inc.

Home facts and features

Price details
List Price
$2,800,000
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Gross Taxes for 2026
$12,648
Home facts
Bedrooms
5
Full Bathrooms
5
Parking Spaces
4
Property Type
Multifamily
Lot Size
30 ft x 54 ft (1648 ft²)
Depth
54.75
Frontage
30.1
Heating Type
Electric
Cooling
Ductless
Basement Details
Full,Unfinished
Features
Built-in Appliances, Shared
Appliances
Other
Community
Agent details
Primary Agent
Primary Broker
Revel Realty Inc.
Listing details
Days on REW
4 Days
MLS® Number
40840934
Source
Information Technology Systems Ontario
Board
Cornerstone Association of REALTORS®
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25 Years
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Property Insights

Dr. J. Edgar Davey Elementary Public School
  • Public
  • JK - 8
St. Patrick Catholic Elementary School
  • Catholic
  • JK - 8
St. Brigid Catholic Elementary School
  • Catholic
  • JK - 8
Southern Ontario Collegiate
  • Private
  • 9 - 12
Cathedral High School
  • Catholic
  • 9 - 12
Bronston Canadian Academy
  • Private
  • K - 12
Queen Victoria Elementary Public School
  • Public
  • JK - 8
Turning Point School
  • Public
  • 9 - 12
Cathy Wever Elementary Public School
  • Public
  • JK - 8
Central Junior Public School
  • Public
  • JK - 5
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Abdellah Majd
Phone:
(905) 308-8333
Cell:
(905) 921-6253
Office:
(905) 592-0990
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