For Sale: 45 Wellington Street N, Hamilton, ON - REW
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$2,500,000
5 bd • 5 ba • 4763 sf • Multifamily
45 Wellington Street N
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$2,500,000
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45 Wellington Street NHamilton, ON, L8R 1M9

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

About this home

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.
Listed by: Abdellah Majd, Revel Realty Inc.

Home facts and features

Price details
List Price
$2,500,000
Get Pre-Approved
Gross Taxes for 2026
$15,000
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
16 Days
Property Views
17
MLS® Number
40863615
Source
Information Technology Systems Ontario
Board
Cornerstone Association of REALTORS®
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Purchase Price
Mortgage Total
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Amortization
25 Years
Interest Rate
3.99%

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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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