167-177 Wilson Street

About this home

Prime Downtown Development Gem & Income-Producing Unmissable Opportunity with 7.6% CAP RATE. 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. Enjoy a massive annual NOI of $126,743 (Gross Income: $149,892). Tenants cover all utilities directly, ensuring minimal landlord overhead. Each unit is a desirable 3-bedroom townhome with a private, fenced backyard, attracting and retaining quality long-term tenants. 2 Units are Vacant and have been recently renovated, ready for new Tenants. The property already holds downtown zoning for an ambitious seven-story mixed-use development. 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. 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.

Details

Type

Multiplex

Style

2-Storey

Size

5000 + sq ft

Lot

16 × 63 ft

Basement

None

Garage

None

Kitchens

6

Property tax

$8,683 (2025)

Neighbourhood

Beasley

Municipality

Hamilton

Interior

Bedrooms

18 above ground

Bathrooms

6 × 3-piece

Rooms

18 above ground

Family room or den

No

Fireplace

No

Features

Carpet Free

Heating, cooling and services

Heating

Forced Air, Gas

Water and sewer

Sewer

Building and exterior

Style

2-Storey

Exterior

Vinyl Siding

Roof

Asphalt Shingle

Foundation

Poured Concrete

Faces

East

Lot

Size

16 × 63 ft

More

Possession

Immediate

Cross street

Ferguson