Salehian.com 647-325-5000

45 Wellington Street N

Beasley, Hamilton, L8R 1M9

$2,500,000

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Listed 35 days ago · MLS® X13787708

About this home

INVESTMENT OPPORTUNITY | 7 MIXED-USE UNITS | 5.62% CAP RATE | $175,740 SCHEDULED ANNUAL GROSS INCOME. 45 Wellington Street N presents a rare opportunity to acquire a fully converted, income-producing mixed-use property featuring 5 residential units, 2 commercial units and additional storage income, creating a diversified revenue stream in one of Hamilton's rapidly evolving urban corridors.Fully tenanted, the property generates approximately $14,645/month in scheduled gross income, or $175,740 annually, and is offered at an attractive 5.62% capitalization rate.Extensive capital improvements include updated HVAC, plumbing and electrical systems, framing and insulation, spray foam insulation, separate hydro metering, roof and windows, on-site parking, a new garden suite, new walk-in cooler and water-powered metal fire escape, plus numerous additional upgrades.Potential financing opportunity: positioned for a potential $2M CMHC take-out under 100-point MLI Select, incorporating affordability and energy-efficiency considerations, with an estimated 9.6% cash-on-cash return, including the applicable default insurance premium.Strategically located near major transit, established amenities, employment centres and significant ongoing redevelopment, the property is well positioned to benefit from Hamilton's continued urban intensification and growth.D1 zoning provides flexibility and additional future opportunity. With diversified income, extensive improvements, an attractive cap rate and potential CMHC financing strategy, 45 Wellington Street N offers investors a compelling opportunity for current cash flow and long-term value creation.A distinctive Hamilton investment property offering scale, income and significant future potential.

Details

Type
Investment
Age
100+ years
Lot
30.18 × 54.75 ft
Garage
None
Property tax
$15,000 (2026)
Neighbourhood
Beasley
Municipality
Hamilton

Heating, cooling and services

Heating
Electric Forced Air
Air conditioning
Partial
Water and sewer
Sanitary+Storm
Utilities
Available

Building and exterior

Age
100+
Building area
4,763 Square Feet

More

Possession
FLEX
Cross street
Wellington St. N/King William
Business type
Apts - 6 To 12 Units

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

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The neighbourhood

Getting around Very walkable

  • 🚆 Hamilton GO Centre13 min walk

Within a 10-minute walk: 11 grocery stores, 113 cafés and restaurants, 15 parks, 12 pharmacies. Nearest grocery: Muqadas Super Market and Halal Foods (50 m). Nearest park: Wellington Park (150 m).

Schools nearby

Elementary

  • Dr. J. Edgar Davey Elementary School
    EQAO: Gr 6 reading 71%, math 14%    5 min walk
  • St. Patrick's Elementary School Catholic
    EQAO: Gr 6 reading 69%, math 41%    6 min walk
  • Queen Victoria Elementary School
    EQAO: Gr 6 reading 64%, math 14%    14 min walk
  • Cathy Wever Elementary Public School
    EQAO: Gr 6 reading 72%, math 23%    17 min walk

Secondary

  • St. Charles Adult & Continuing Education Centre - Downtown Campus Catholic15 min walk
  • Cathedral High School Catholic
    EQAO: Gr 9 math 43%, literacy test 64%    15 min walk

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area L8R

Owners / renters
32% / 68%
Median household income
$53,600
Average age
42
Children under 15
13%
Homes
19% detached, 50% high-rise
Commute by transit
17%
Population
11,651

Languages spoken most at home besides English: Somali 2.1%, Vietnamese 2.1%, Arabic 2%, Spanish 1.6%.

Flood and conservation No mapped hazard

Not inside a mapped flood plain or regulated area in Niagara Peninsula Conservation’s mapping.

Screening maps only. Ask the conservation authority for a property inquiry before relying on this.

Safety

Crime Severity Index for Hamilton police: 62 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Flood and regulation mapping: Niagara Peninsula Conservation open data. Crime Severity Index: Statistics Canada.

Living here

Commute

To downtown Hamilton: 1 km. Transit times · Driving times

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by REVEL REALTY INC..

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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