45 Wellington St N 8,137 SF 100% Leased Retail Building Hamilton, ON L8R 1M9 $2,009,603 USD ($246.97 USD/SF)

This recently redeveloped mixed-use property represents a turnkey investment located in the heart of Hamilton’s rapidly revitalizing downtown corridor. Configured as a fully converted 7-unit asset, the property offers a rare combination of modern infrastructure and stable income potential. The building is zoned D1 and conveniently positioned steps from major transit routes and multiple urban intensification projects, ensuring future demand and growth.
Significant capital improvements have been completed, including new electrical, plumbing, HVAC, framing, and insulation systems. Additional structural features include all new split-unit heating and cooling, eight separate hydro meters, a galvanized powder-coated metal fire escape, 2018 roofing, and 2021 windows. On-site parking accommodates four vehicles.
This offering includes assumable CMHC MLI Select financing at favorable terms, with a 5-year rate at 4.13% and an extended 50-year amortization, delivering consistent cash flow benefits and financial flexibility. With a cap rate of approximately 4.63%, inclusive of expenses, the property generates near $35,000 in positive annual cash flow, making it an attractive proposition for investors seeking long-term appreciation and income stability.