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44
47 WELLINGTON Street S
$899,900 Sale
Listed 19 hours ago
· 5
· 4.0
· 3
· 2800
Key Facts
Key facts for 47 WELLINGTON Street S
Property Type
Apartment, Fourplex
Parking
Garage: No, 3 parking
MLS #
40766268
Size
2800 sqft
Basement
Partially finished, Partial (Partially finished)
Listed on
-
Lot size
-
Tax
-
Days on Market
-
Year Built
1890
Maintenance Fee
-
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 kitche...n, 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:10452)
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Listing courtesy of: eXp Realty
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