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47 WELLINGTON Street S, Hamilton, Ontario

$949,900

5 Beds
4 Baths
2,800 Square Feet

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% 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:23309)

Listing ID: 40741788
Property Type: Multi-family
Year Built: 1890

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Details

Amenities Nearby: Hospital, Park, Place of Worship, Public Transit, Schools
Equipment: Water Heater
Ownership: Freehold
Parking Spaces: 3
Rental Equipment: Water Heater
Transaction: For sale
Zoning Description: D5

Building

BasementType: Partial (Partially finished)
Basement Development: Partially finished
Constructed Date: 1890
Cooling: None
Exterior Finish: Brick
Fireplace Present: False
Fire Protection: Alarm system, Unknown
Foundation: Block
Bathrooms (Total): 4
Heating: Forced air
Heating Fuel: Natural gas
Size Interior: 2800 sqft
Stories Total: 2.5
Type: Fourplex
Utility Water: Municipal water

Land

Amenities: Hospital, Park, Place of Worship, Public Transit, Schools
Sewer: Municipal sewage system
Size Frontage: 28 ft

Listing provided by EXP Realty
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 47 WELLINGTON Street S in Hamilton Ontario. It was last modified on June 20th, 2025. Contact Marion Benson to schedule a viewing or to discover other Hamilton real estate for sale.

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