47 Wellington St S

For Sale New 3 Days
$899,900
5 beds
4 baths
2,800 Sqft

47 Wellington St S

For Sale New 3 Days
$899,900
5 beds
4 baths
2,800 Sqft

Highlights

Key insights

Description

Fully renovated LEGAL FOURPLEX, with one unit VACANT, in the heart of Hamilton offering modern style, Victorian character, and rock-solid investment fundamentals. This stunning, all-above-grade, approx. 2,600 sqft building features 3 x 1-bedroom units and 1 x 2-bedroom unit, each with its own kitchen, bathroom, in-suite laundry, stainless steel appliances, and beautiful exposed brick. All four units were professionally renovated between 2018-2020, showcasing sleek finishes, modern lighting, updated kitchens & baths, and thoughtful layouts. One unit is vacant and ready to lease or occupy, while the remaining three are tenanted with AAA+ renters. Rare 3-car parking at the rear. 4 hydro meters, 4 gas meters and 4 hot water tanks, maximizing NOI. Property delivers a strong +6.5% CAP rate, making this a true cash flow positive, turnkey income property in a highly desirable location. Walkable to downtown amenities, transit, and more. A rare opportunity to invest in a legal, high-quality multi-unit building with character, curb appeal, and upside. (id:63267)

Bernard Arzadon of eXp Realty,
#40766268
updated 3 days ago.
Houseful checked MLS® for data 3 days ago.

Home overview

Amenities / Utilities
  • Cooling
    None
  • Heat source
    Natural gas
  • Heat type
    Forced air
  • Sewer/ septic
    Municipal sewage system
Exterior
  • # total stories
    2
  • # parking spaces
    3
Interior
  • # full baths
    4
  • # total bathrooms
    4.0
  • # of above grade bedrooms
    5
Location
  • Subdivision
    142 - corktown
Overview
  • Lot size (acres)
    0.0
  • Building size
    2800
  • Listing #
    40766268
  • Property sub type
    Multi-family
  • Status
    Active
SOA_HOUSEKEEPING_ATTRS
  • Listing source url
    Https://www.realtor.ca/real-estate/28815526/47-wellington-street-s-hamilton
  • Listing type identifier
    Idx

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The Home Overview listing data and Property Description above are provided by the Canadian Real Estate Association (CREA). All other information is provided by Houseful and its affiliates.
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