167 WILSON Street
Hamilton, Ontario
18 bed • 6 bath • Multi-family
Prime Downtown Development Gem & Income Producer •Unmissable Opportunity: Secure a high-performing asset with unparalleled future upside. This is a rare chance to acquire six side-by-side townhouses in a prime downtown location, offering immediate and significant cash flow from day one. •Zero-Friction Income: Enjoy a massive annual net operating income (NOI) of $131,456 (Gross Income: $149,892). Tenants cover all utilities directly, ensuring minimal landlord overhead. With 2 Vacant Units that can ben rented at market rent of $2100 each the CAP Rate reaches over 8%. •Ideal Units: Each unit is a desirable 3-bedroom townhome with a private, fenced backyard, attracting and retaining quality long-term tenants. •Immediate Access: Unit #171 is vacant and ready for viewing— see the potential for yourself. •Zoning already in place: The property already holds downtown zoning approval for an ambitious seven-story mixed-use development. Skip the complex initial rezoning phase and move straight to planning. •Expansion Ready: The buyer has the option to pursue severance to create six individual standalone properties, or inquire about acquiring neighboring properties (potentially the entire block) for a transformative large-scale project. •Vibrant Location: The surrounding area is a diverse, high-demand community, perfectly positioned for a dynamic Live-Work-Play concept that integrates modern residential units with ground-floor commercial space. •Act Now! Whether you're seeking a strong cash-flowing asset or a large-scale development platform, this property delivers
Price History
Property
- Lot Size
- 0.02 acres
Schools
Elementary
- Dr. J. Edgar Davey Elementary Public School0.1 km
Public · Hamilton-Wentworth DSB · 585 students
Grade 3 reading: 65% met the provincial standard · Grade 6 math: 14% met the provincial standard
- St. Patrick Catholic Elementary School0.6 km
Catholic · Hamilton-Wentworth CDSB · 405 students
Grade 3 reading: 80% met the provincial standard · Grade 6 math: 41% met the provincial standard
- Queen Victoria Elementary Public School1.1 km
Public · Hamilton-Wentworth DSB · 585 students
Grade 3 reading: 48% met the provincial standard · Grade 6 math: 14% met the provincial standard
Secondary
- System Alternative Education Sir Isaac Brock Secondary School0.2 km
Public · Hamilton-Wentworth DSB · 65 students
- Cathedral High School0.8 km
Catholic · Hamilton-Wentworth CDSB · 1650 students
Grade 10 literacy: 64% met the provincial standard
- St. Charles Catholic Adult Secondary School2.4 km
Catholic · Hamilton-Wentworth CDSB · 345 students
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area L8R
- Population
- 11,651
- Private dwellings
- 6,113
- Median age
- 38.4
- Average household size
- 2
- Median household income
- $53,600
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Multi-family in Hamilton · last 12 months
- Median sold price
- $682,825
- Homes sold
- 4,992
- Median days on market
- 27
- Sale-to-list price
- 97.1%
Based on 4,992 recorded sales of multi-family properties in Hamilton over the last 12 months.
Location
Mortgage Calculator
$359,980
Estimated Monthly Payment
$8,842
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $8,842/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $450/mo
Estimates only. Consult a financial advisor.
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