167 WILSON STREET

Hamilton, , L8R1E3, Canada

$1,799,900

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. Plus a CAP RATE of 6.8%. •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

Last updated on : Saturday 13th of December 2025 12:40:59 PM

ADDRESS

Street : 167 WILSON STREET

City : Hamilton

Country : Canada

Postal Code : L8R1E3

Open in Google Map

PROPERTY SUMMARY

Property ID : 40792459

Building Type : Other

Property Type : Multi-family

Bedrooms : 18

Bathrooms : 6

Parking Type: None

Similar Properties

Multi-family

975 DOVERCOURT ROAD

Toronto (Dovercourt-Wallace Emerson-Junction), Ontario, M6H2X6

$27,500,000

Beds: 18Baths: 10

property Type: Other

type: Sale

ALEXANDRE CARLOS ALVE JARDINO
4 months ago

DETAILS

Multi-family

1800+ FIFTH STREET

St. Catharines (Rural Fourth), Ontario, L2R6P9

$1,600,000

Beds: 18Baths: 5

property Type: Other

type: Sale

CHRISTOPHER MICHAEL CRADDOCK
2 months ago

DETAILS

Multi-family

11 FAIRBANKS STREET

Oshawa (Central), Ontario, L1H2L7

$1,990,000

Beds: 18Baths: 9

property Type: Other

type: Sale

MARIN BEZIC
3 months ago

DETAILS

Multi-family

1576 CALEDONIA STREET

London East (East H), Ontario, N5W2W7

$2,225,000

Beds: 18Baths: 12

property Type: Other

type: Sale

JAMES MCGUIRE
7 months ago

DETAILS

Inquire about this property