$1,799,900
FOR SALE

Investment

Lot: 50 x 127 ftTotal Area: 5,500 ft2
2023 Taxes: $9,472

570 Upper Wellington St
Hamilton, ON L9A 3P9 | Centremount

Investment opportunity on Hamilton Mountain! This property features six well-maintained residential units & 1 commercial lease, all fully tenanted, ensuring immediate rental income. Additionally, the property includes a billboard lease, further enhancing the income potential. Impressive overall cap rate of 6.05%, this property promises substantial returns. The residential units offer a mix of layouts 2- 2 bedrooms, 3- 1 bedrooms & 1 Bachelor, catering to diverse tenant needs, and are situated in a desirable neighborhood with easy access to amenities, public transport, and major highways. 8 parking spots. Don't miss out on this exceptional opportunity to expand your portfolio with a property that combines stability, growth potential, and a prime location on Hamilton Mountain.
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Listed By RE/MAX ESCARPMENT GOLFI REALTY INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X8372572
Last Updated May 25, 2024
Property Summary
Property Type Investment

More like this:
Use Apartments - 6 to 12 Units
Category Apartment
PIN 170460352
Occupancy Tenant
Possession Date Flexible
Taxes (2023) $9,472
Tax Type Annual
Directions/Cross Streets Brucedale
Neighbourhood Centremount
Area Hamilton
Price History

Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Freestanding Y
Lot 50 x 127 ft
Total Area 5,500 ft2
Elevator None
Air Conditioning N
Basement Y
Chattels Y
Garage Type Outside/Surface
Parking Spaces 8
Heat Type None
Financial Statement Y
Sewers Sanitary
Utilities Y
Water Municipal
Rail N
Lot/Bldg/Unit Code Lot
Zoning C5
Seller Property Info Statement N

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