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66 WELLINGTON STREET S, Hamilton (Corktown) — listed at $1,489,900. Earn buyer cashback at closing. No catches, just more money in your pocket.
Exceptional opportunity to acquire a fully tenanted 8+1 multiplex in Hamilton's desirable Corktown neighbourhood, generating approximately $151,000 in annual gross rental income.This substantial three-storey income property has undergone extensive renovations and offers updated units with modern finishes, providing investors with a low-maintenance and income-producing addition to their portfolio. Tenant amenities include private balconies and patios, on-site laundry, separate unit entrances and a finished basement.Situated on a deep 36.6 134.5 ft lot in a high-demand central location, the property is just minutes from downtown Hamilton, the Hamilton GO Centre, major transit routes, shopping, restaurants and everyday amenities.With strong existing rental income, full occupancy, recent capital improvements and excellent long-term potential, this is an outstanding opportunity for both experienced and first-time multifamily investors.Financial information and supporting documents are available to qualified buyers. A minimum of 24 hours' notice is required for all showings. (id:60164)
Is 66 WELLINGTON STREET S a good fit for a growing family?+
With 9 bedrooms and 9 bathrooms, there's room for kids plus a guest room or home office. The 3-storey layout keeps living and sleeping areas separated.
Could this work as an investment property?+
The basement description mentions: Finished, Separate entrance, N/A, N/A. If it has a separate entrance, there may be rental income potential — but verify zoning and whether a legal second unit is permitted in Hamilton (Corktown) before counting on it.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $7,000, heating is baseboard heaters, electric. Always verify the latest figures with your agent before making an offer — these change yearly.
What's the parking situation?+
This property includes 0 spaces — No Garage.
Does it have a basement, and is it finished?+
Yes — Finished, Separate entrance, N/A, N/A. A finished basement adds meaningful living space beyond the listed square footage.
What makes this a luxury property?+
At $1,489,900, standout features include 9 bathrooms. In this price range, expect higher-end finishes — verify during a showing.
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