167-177 Wilson Street
Hamilton
L8R 1E3
$1,799,900
Residential Income
beds: 18
baths: 6.0
6,288 sq. ft.
- Status:
- Active
- Prop. Type:
- Residential Income
- MLS® Num:
- 40792459
- Bedrooms:
- 18
- Bathrooms:
- 6
- Photos (34)
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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
- Property Type:
- Residential Income
- Property SubType:
- Multi-6-9 Unit
- Listing General Location:
- 140 - Beasley, 14 - Hamilton Centre
- Bedrooms:
- 18
- Bathrooms:
- 6.0 (Full:-/Half:-)
- Lot Size:
- 871 sq. ft.
- Lot Details:
- 16 x 63
- Lot Depth:
- 63'
- Lot Frontage:
- 16'
- Kitchens:
- 0
- County Or Parish:
- Hamilton
- Taxes:
- Signup
- Features:
- Crops Included: No, Garage: No, New Construction: No
- Construction:
- Vinyl Siding
- Basement:
- None
- Foundation:
- Poured Concrete
- Roof:
- Asphalt Shing
- Year Roof Replaced:
- 2019
- Number of Storeys:
- 2
- Number of Buildings:
- 0
- Total Floor Area:
- 6,288 sq. ft.
- Finished Area Above Grade:
- 6,288 sq. ft.
- Fireplace:
- false
- Laundry Features:
- In-Suite
- Water Supply:
- Other
- Sewer:
- Sewer (Municipal)
- Cooling:
- None
- Heating:
- Forced Air
- None,6 Fridges, 6 Stoves, 6 Washers & 6 Dryers
- Dryer, Refrigerator, Stove, Washer
- Tenants Belongings
- None
- Year Round Living
- false
- No
- Intersection of Ferguson & Wilson
- No
- HST Applicable To Sale Price:
- Included
- Association Fee:
- Signup
- Association Fee Frequency:
- Signup
- Association Fee 2:
- Signup
- Association Fee 2 Frequency:
- Signup
- Administrative Fee:
- Signup
- Features:
- Crops Included: No, Garage: No, New Construction: No
- Road Access Fee:
- Signup
- Electric Expense:
- $0
- Insurance Expense:
- $5,472
- Expenses:
- Actual
- Heating Expense:
- $0
- Snow Garbage Expense:
- $0
- Trash Expense:
- $0
- Utilities Expense:
- 0
- New Tax Expense:
- $0
- Laundry Income:
- $0
- Laundry Rentals:
- 0.0
- Net Income:
- $121,397
- Other Income:
- $0
- Lease to Own Equipment:
- None
- Leases:
- Yes
- Under Contract Costs Monthly:
- $.00
- Zoning:
- D4
- Total Acres:
- 0.02
- Lot Site Features:
- Rectangular, City Lot, High Traffic Area, Library, Playground Nearby, Rec./Community Centre
- Features:
- Crops Included: No, Garage: No, New Construction: No
- # Of Total Parking Spaces:
- 0.0
- # Of Open Parking Spaces:
- 0.0
- Driveway Parking:
- None
- Licensed Dwelling:
- Yes
- Num Apartment Units:
- 0
- Num Bachelor Units:
- 0
- Num Efficiency Units:
- 0
- Num Loft Units:
- 0
- Num Other Units:
- 0
- Num Penthouse Units:
- 0
- Num Studio Units:
- 0
- Num Occupied Units:
- 5
- Total Units:
- Signup
- Listed Date:
- Dec 12, 2025
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Listed by Right at Home Realty
Data was last updated December 15, 2025 at 05:50 PM (UTC)
Area Statistics
- Listings on market:
- 18
- Avg list price:
- $717,450
- Min list price:
- $479,900
- Max list price:
- $4,695,000
- Avg days on market:
- 60
- Min days on market:
- 3
- Max days on market:
- 255
- Avg price per sq.ft.:
- $312.77
These statistics are generated based on the current listing's property type
and located in
14 - Hamilton Centre. Average values are
derived using median calculations. This data is not produced by the MLS® system.
- ALEX ZIJLSTRA
- ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES
- 1 (905) 6166821
- Contact by Email
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