45 Wellington Street N, Hamilton, ON L8R 1M9
Beasley, Hamilton · Near Wellington St. N/King William · View map
About this home
INVESTMENT OPPORTUNITY | 7 MIXED-USE UNITS | 5.62% CAP RATE | $175,740 SCHEDULED ANNUAL GROSS INCOME. 45 Wellington Street N presents a rare opportunity to acquire a fully converted, income-producing mixed-use property featuring 5 residential units, 2 commercial units and additional storage income, creating a diversified revenue stream in one of Hamilton's rapidly evolving urban corridors.Fully tenanted, the property generates approximately $14,645/month in scheduled gross income, or $175,740 annually, and is offered at an attractive 5.62% capitalization rate.Extensive capital improvements include updated HVAC, plumbing and electrical systems, framing and insulation, spray foam insulation, separate hydro metering, roof and windows, on-site parking, a new garden suite, new walk-in cooler and water-powered metal fire escape, plus numerous additional upgrades.Potential financing opportunity: positioned for a potential $2M CMHC take-out under 100-point MLI Select, incorporating affordability and energy-efficiency considerations, with an estimated 9.6% cash-on-cash return, including the applicable default insurance premium.Strategically located near major transit, established amenities, employment centres and significant ongoing redevelopment, the property is well positioned to benefit from Hamilton's continued urban intensification and growth.D1 zoning provides flexibility and additional future opportunity. With diversified income, extensive improvements, an attractive cap rate and potential CMHC financing strategy, 45 Wellington Street N offers investors a compelling opportunity for current cash flow and long-term value creation.A distinctive Hamilton investment property offering scale, income and significant future potential.
The home
- Type
- Investment
- Square footage
- 4763 sq ft
- Lot size
- 30.2 x 54.8 ft
- Approximate age
- 100+ years
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Security
- Partial
Heating & cooling
- Heating type
- Electric Forced Air
- Air conditioning
- Partial
Garage & parking
- Driveway spaces
- 2
- Total parking
- 2
Taxes & other
- Property taxes
- $15,000/yr
- Tax year
- 2026
- Occupancy
- Owner+Tenant
- Possession
- FLEX
- Cross street
- Wellington St. N/King William
- Neighbourhood
- Beasley
More
- MLS® number
- X13787708
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No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
45 Wellington Street, Hamilton, ON L8R 1M9
Beasley, Hamilton · Near Wellington St. N/King William
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Listing history for 45 Wellington Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 45 Wellington Street N
Answers come straight from this home’s MLS® listing.
How much is 45 Wellington Street N listed for, and what would it cost each month?
45 Wellington Street N is listed for $2,500,000. With 20% down ($500,000), the mortgage payment would be roughly $10,084 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $11,334 a month, all in. That figure is an illustration, not a quote.
Is 45 Wellington Street N freehold or a condo, and is there a monthly fee?
45 Wellington Street N is a investment in Beasley, Hamilton. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
Does 45 Wellington Street N have a garage and parking?
The listing does not show a garage. The driveway adds 2 spaces. In total the listing counts 2 parking spaces.
What style of home is 45 Wellington Street N?
45 Wellington Street N is an investment. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 45 Wellington Street N, and what is the lot size?
The lot is listed as 30.2 x 54.8 ft.
How is 45 Wellington Street N heated and cooled?
Heating is electric forced air. Cooling is partial.
What are the property taxes for 45 Wellington Street N?
Property taxes are $15,000 a year (2026), or about $1,250 a month.
Where is 45 Wellington Street N?
45 Wellington Street N is in the Beasley community of Hamilton. The nearest main intersection is Wellington St. N/King William. The postal code is L8R 1M9.
Is 45 Wellington Street N still for sale?
Yes. It is an active listing (MLS® X13787708). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 45 Wellington Street N asking?
Similar properties for sale nearby right now include 600 Upper Wellington Street at $2,329,000, 184 King Street E at $2,480,000 and 249-255 King Street E at $2,250,000. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 45 Wellington Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 45 Wellington Street N?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
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Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.