Listings

Property Description

Prime Downtown Development Gem & Income Producer Unmissable Opportunity: Secure a high-performing asset with unparalleled future upside. This is a rare chance to acquire six side-by-side townhouses in a prime downtown location, offering immediate and significant cash flow from day one. Zero-Friction Income: Enjoy a massive annual net operating income (NOI) of $121,397 (Gross Income: $142,692). Tenants cover all utilities directly, ensuring minimal landlord overhead. With a current CAP RATE of 6.8%, plus with 2 Units becoming Vacant, the CAP RATE can reach over 7.25% Ideal Units: Each unit is a desirable 3-bedroom townhome with a private, fenced backyard, attracting and retaining quality long-term tenants. Immediate Access: Unit #171 is vacant and ready for viewing – see the potential for yourself. Zoning already in place: The property already holds downtown zoning approval for an ambitious seven-story mixed-use development. Skip the complex initial rezoning phase and move straight to planning. Expansion Ready: The buyer has the option to pursue severance to create six individual standalone properties, or inquire about acquiring neighboring properties (potentially the entire block) for a transformative large-scale project. Vibrant Location: The surrounding area is a diverse, high-demand community, perfectly positioned for a dynamic “Live-Work-Play” concept that integrates modern residential units with ground-floor commercial space. Act Now! Whether you’re seeking a strong cash-flowing asset or a large-scale development platform, this property delivers

Features
: None
: None, Window Unit(s)
: None
: 2-Storey
: Carpet Free
: Sewer
Address Map
US
ON
Hamilton
Hamilton
L8R 1E3
Wilson
167-177
Street
W80° 8' 53.2''
N43° 15' 17.5''
D5
North
Intersection of Ferguson and Wilson
Additional Information
: Vinyl Siding
: Concrete
Financial
8141.0
Listing Information
New
2026-01-12T19:07:28Z
TRREB

For Sale in Hamilton

167-177 Wilson Street, Hamilton, ON L8R 1E3

18 Bedrooms
6Bathrooms
$1,799,900
Listing ID #X12631388
Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : X12631388
Price : $1,799,900
Bedrooms : 18
Bathrooms : 6
Status : Active
Office Name : RIGHT AT HOME REALTY
Property Sub Type : Att/Row/Townhouse
Roof : Asphalt Shingle
Agent info
Richi Khanna
Pontis Realty Inc., Brokerage
Contact Agent