Fully renovated LEGAL FOURPLEX, with one unit VACANT, in the heart of Hamilton offering modern style, Victorian character, and rock-solid investment fundamentals. This stunning, all-above-grade, approx. 2,600 sqft building features 3 x 1-bedroom units and 1 x 2-bedroom unit, each with its own kitchen, bathroom, in-suite laundry, stainless steel appliances, and beautiful exposed brick. All four units were professionally renovated between 2018-2020, showcasing sleek finishes, modern lighting, updated kitchens & baths, and thoughtful layouts. One unit is vacant and ready to lease or occupy, while the remaining three are tenanted with AAA+ renters. Rare 3-car parking at the rear. 4 hydro meters, 4 gas meters and 4 hot water tanks, maximizing NOI. Property delivers a strong +6% CAP rate, making this a true cash flow positive, turnkey income property in a highly desirable location. Walkable to downtown amenities, transit, and more. A rare opportunity to invest in a legal, high-quality multi-unit building with character, curb appeal, and upside.
Address
47 Wellington Street S
List Price
$949,900
Property Type
Residential Freehold
Type of Dwelling
Fourplex
Style of Home
2 1/2 Storey
Area
Hamilton
Sub-Area
Stinson
County
Hamilton
Bedrooms
5
Bathrooms
4
Floor Area
2500 - 3000 Sq. Ft.
Lot Size Source
MPAC
Lot Depth
185
Lot Size Units
Feet
Lot Width
100
MLS® Number
X12237179
Listing Brokerage
EXP REALTY
Basement Area
Partial Basement, Half
Postal Code
L0R 2H0
Parking Places (Total)
3
Tax Amount
$4,865.69
Tax Year
2025
Interior Features
Separate Hydro Meter, Separate Heating Controls, Water Heater
Property Features
Place Of Worship, Public Transit, Park, Library, Rec./Commun.Centre, Hospital
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
None
Construction Materials
Brick
Direction Faces
East
Foundation Details
Concrete Block
Garage Type
None
Kitchens Total
4
Pool Features
None
Roof
Asphalt Shingle
Sewer
Sewer