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570 Upper Wellington Street Hamilton, Ontario L9A 3P9

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5000 sqft
None No Heat

$1,799,900

Investment opportunity on Hamilton Mountain! This property features six well-maintained residential units & 1 commercial lease, all fully tenanted, ensuring immediate rental income. Additionally, the property includes a billboard lease, further enhancing the income potential. Impressive overall cap rate of 6.05%, this property promises substantial returns.The residential units offer a mix of layouts 2- 2 bedrooms, 3- 1 bedrooms & 1 Bachelor, catering to diverse tenant needs, and are situated in a desirable neighborhood with easy access to amenities, public transport, and major highways. 8 parking spots. Don't miss out on this exceptional opportunity to expand your portfolio with a property that combines stability, growth potential, and a prime location on Hamilton Mountain. (id:48305)

Business

BusinessType Other

Property Details

MLS® Number H4195164
Property Type Other
ParkingSpaceTotal 8

Building

CoolingType None
HeatingType No Heat
SizeExterior 5000 Sqft
SizeInterior 5000 Sqft
Type Commercial Mix
UtilityWater Municipal Water

Parking

Surfaced

Land

Acreage No
Sewer No Sewage System
SizeDepth 127 Ft
SizeFrontage 50 Ft
SizeIrregular 50 X 127
SizeTotalText 50 X 127|under 1/2 Acre
ZoningDescription C5

https://www.realtor.ca/real-estate/26941907/570-upper-wellington-street-hamilton

*All information provided by the Brantford Regional Real Estate Association (BRREA) and ITSO for the highest number of completed transactions since January 1, 2015. All Brantford MLS® House Listings come from the various systems operated by Real Estate Boards and Associations across Canada. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used underlicense. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

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