Room 1
Level not provided
45 Wellington Street
Beasley North, Hamilton, ON L8R 1M9
Description
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.
01 / Property recordListing detailsFacts, history, rooms and location
Key Facts
- MLS® #
- 40863615
- Board
- Cornerstone (ITSO) MLS®
- Days on market
- Tax
- $15,000
- Size
- 4763 sqft
- Lot
- 30.18 × 54.75 Square Feet
- Parking
- 4 Parking
Listing History
Listing activity for 45 Wellington Street, Hamilton, ON
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| N/A | N/A | $2,500,000 | N/A | For Sale | 40863615 |
Property Details
Property
- Property Type
- Multi-6-9 Unit
- Style
- Other
- Community
- Beasley North
- Municipality
- Hamilton
Inside
- Bedrooms
- 5
- Bathrooms
- 5
- Basement Type
- Full, Unfinished
Utilities
- Water
- Municipal
- Cooling
- Ductless
- Heating Type
- Electric
Building
- Size
- 4763 sqft
- Construction
- Brick
Parking
- Driveway
- Outside/Surface/Open
- Add. Parking
- 4
- Total Parking
- 4
Land
- Sewer
- Sewer (Municipal)
- Lot Size
- 30.18 × 54.75 Square Feet
- Lot Size Code
- Square Feet
Additional
- Roof
- Asphalt Shing
- Extras
- Refrigerator, Stove
Rooms (12)
Room 2
Level not provided
Room 3
Level not provided
Room 4
Level not provided
Room 5
Level not provided
Room 6
Level not provided
Room 7
Level not provided
Room 8
Level not provided
Room 9
Level not provided
Room 10
Level not provided
Room 11
Level not provided
Room 12
Level not provided
Location
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
14 records read 8 on record nearby 6 checked, none on recordRead 2026-11-07
Water and conservation
- No mapped wetland within 120 m
- No water-supply well recorded within 250 m54 test or monitoring holes also recorded.
Province of Ontario open data
Planning and building activity
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areas
- Nearest airport: 9.2 km
Province of Ontario open data
Around the home
- Nearest rail line: 630 m
- Transit stop within 400 mFrom the transit agency’s published stop map; the nearest is 160 m away. Routes and stops change; check the agency’s schedule.
- A trail on the Ontario trail network within 1 km
Province of Ontario open data · Municipal transit open data
Environmental records
- No licensed pit or quarry within 2 km
- No recorded oil, gas or salt well within 250 m
- No facility within 1 km reports pollutant releases to Environment CanadaThe nearest is Shell Canada Products — Hamilton Terminal, 1.8 km away. Only facilities above the inventory’s reporting thresholds are listed.
- 1 federal contaminated site within 1 km1 still active or suspected; the rest are closed. The federal inventory covers federal land only, not provincial or private sites.
Province of Ontario open data · Government of Canada open data
Power and internet
- Electricity is distributed here by Alectra Utilities Corporation
- Wired internet 50/10 Mbps or faster is listed at a household 30 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (30 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Bell, Cogeco Connexion, Dotto One, Rogers. Cable: Cogeco Connexion, Rogers. DSL: Bell. Fixed wireless: Bell, Rogers, SkyChoice Communications. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.
Ontario Energy Board · Innovation, Science and Economic Development Canada
None of this is an inspection of the property. Confirm anything that matters to you with the municipality, the conservation authority or the record’s publisher. Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario. Contains public sector Data made available under the City of Hamilton's Open Data Licence
02 / Plan your numbersToolsMortgage and cash-flow planning
Mortgage Tools
Mortgage calculator
20%
Monthly Payment
$11,460
- Down payment$500,000
- Mortgage amount$2,000,000
- Total interest$1,438,000
- Total cost$3,938,000
Cash flow analysis
$11,460
Total monthly payment
$12,710
Break-even down payment
100%
Cash flow-$12,710
03 / Community profileNeighbourhood demographicsPeople, homes and household context
Expand Neighbourhood demographics to load Statistics Canada census charts.
$2,500,000
$2,500,000
CAD
Estimate unavailable
Similar active listings
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.