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Saad Saleem Tabani
Broker of Record & Home Developer

Meet Saad Saleem Tabani

With over a decade of experience in the Canadian housing market and leading many residential development projects. At Bridge we have honed our skills to provide you with a results-driven real estate experience. We build homes, help families Bridge into their next home and navigate complex real estate trends. Learn more

167-177 Wilson Street Hamilton (Beasley), Ontario L8R1E3

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18
Beds
6
Baths

Property Details

Basic Information
MLS® ID: 29184568
Status: Active
Bedrooms: 18
Bathrooms: 6
Location
Full Address: 167-177 Wilson Street Hamilton (Beasley), Ontario L8R1E3
City: Hamilton (Beasley)
Province/State: Ontario
Postal Code: L8R1E3
Country: Canada
Coordinates: 43.255237, -79.853476
Property Details
Property Type: townhouse
Utility Information

Financial Details

Detail Amount
List Price $1,799,900

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Hamilton (Beasley) Property Description

Prime Downtown Development Gem & Income Producer Unmissable Opportunity: 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. Zero-Friction Income: Enjoy a massive annual net operating income (NOI) of $121,397 (Gross Income: $142,692). Tenants cover all utilities directly, ensuring minimal landlord overhead. With a current CAP RATE of 6.8%, plus with 2 Units becoming Vacant, the CAP RATE can reach over 7.25% Ideal Units: Each unit is a desirable 3-bedroom townhome with a private, fenced backyard, attracting and retaining quality long-term tenants. Immediate Access: Unit #171 is vacant and ready for viewing – see the potential for yourself. Zoning already in place: The property already holds downtown zoning approval for an ambitious seven-story mixed-use development. Skip the complex initial rezoning phase and move straight to planning. Expansion Ready: The 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. Vibrant Location: 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 (id:58062)