45 WELLINGTON STREET N, Hamilton (Beasley)

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Business For Sale · Multifamily

45 WELLINGTON STREET N, Hamilton (Beasley)

45 WELLINGTON STREET N, Hamilton (Beasley), ON L8R1M9

$2.7M total

4,763 SF

Asset Class

Multifamily

Size

4,763 SF

Building class

Zoning

RF6 — Medium Density

$ / SF

$567

Occupancy

88%

About this property

Brand new mixed-use investment opportunity in the heart of Hamilton's rapidly transforming urban core. This fully converted 7-unit asset is zoned D1 and strategically positioned steps from a major transit corridor, significant intensification projects, and numerous existing and proposed condominium developments.The property comprises 5 residential units and 2 commercial units, including 3 rare loft-style residential floor plans that offer a highly desirable blend of character, functionality, and modern design rarely found in purpose-built rental inventory.Offered with assumable CMHC MLI Select financing featuring a 5-year term at 4.13% interest (potentially lower subject to lender approval) and an attractive 50-year amortization, creating exceptional cash flow and long-term financing stability.The property has undergone a comprehensive transformation with virtually all major infrastructure replaced, including electrical, plumbing, HVAC, framing, and insulation. Additional features include all split-unit heating and cooling systems, 8 separate hydro meters (including house meter), a brand-new galvanized powder-coated metal fire escape, 2018 roof, 2021 windows, and 4 on-site parking spaces.Offered at a 4.85% capitalization rate inclusive of taxes, insurance, common utilities, vacancy allowance, property management, and maintenance expenses. Enjoy close to $35,000 in annual positive cash flow. A rare opportunity to acquire a turnkey, institutionally financed mixed-use asset in one of Hamilton's most active growth corridors with strong in-place income and significant long-term appreciation potential. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate

Purchase price$2.70M

Down payment30% · $810K

Interest rate6.25%

Amortization25 years

Occupancy88%

Expense growth2.5%

Monthly debt service

$12K

Projected NOI

$84K

Annual cash flow

$-66K

Cash-on-cash

-8.13%

DSCR

0.56

Going-in cap

3.10%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Rent roll (estimated)

Tenant	Suite	Area	Rent / SF	Expiry
Aurora Legal LLP	170	1,912 SF	$26.68	2030-10
Aurora Legal LLP	160	2,265 SF	$26.80	2030-10

Area demographics

Trade area within 3 miles of the property.

Population

59,773

Households

21,244

Median income

$86,000

Median age

Daytime population

58,902

5-yr growth

4.3%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 45 WELLINGTON STREET N, Hamilton (Beasley).

NDA required

Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.