85 Wilson Street

Introducing a remarkable opportunity to acquire a Multi-Family Home for sale in Hamilton , located at 85 Wilson Street, Hamilton. This impressive property is a fully tenanted multiplex that stands as a testament to both quality and potential in a prime downtown location. The building, constructed with a combination of brick and stone, offers a robust exterior that complements its well-maintained interior.

This Multi-Family Home for sale in Hamilton features a total of 16 rooms, including five spacious bedrooms and four bathrooms, making it an ideal investment for those seeking a reliable source of income. The property boasts four kitchens, ensuring that each unit is self-sufficient and catering to the needs of its tenants. With a total area of 33 X 60 feet, this building is designed to maximise space while providing comfort and convenience.

Situated at 85 Wilson Street, Hamilton, this multiplex is located within the Beasley community, which is renowned for its vibrant atmosphere and accessibility to major amenities. The property is just steps away from Jackson Square, placing it in the heart of a bustling urban environment. This strategic location is a significant advantage for any investor, as it ensures a steady demand for rental units.

The layout of this Multi-Family Home for sale in Hamilton includes three one-bedroom units and one two-bedroom unit, each of which is separately metered for hydro. This feature not only simplifies the management of utilities but also enhances the appeal to prospective tenants. With a gross annual income of £84,000, this property presents a lucrative opportunity for both first-time and seasoned investors looking to secure a steady cash flow.

The building is equipped with central air conditioning, ensuring that tenants remain comfortable throughout the year. Although there is no central vacuum system or family room, the well-thought-out design of the units compensates for these features, providing ample living space and functionality. The absence of a pool and fireplace allows for a more straightforward maintenance approach, making this a hands-off investment that requires minimal oversight.

At 85 Wilson Street, Hamilton, you will find a full, finished basement that adds further value to the property. This additional space can be utilised for storage or potentially converted into more living areas, depending on the investor's vision. The property is connected to municipal water and sewer systems, ensuring reliable services for all tenants.

Parking is not an issue with this Multi-Family Home for sale in Hamilton, as it offers three parking spaces accessible via a lane driveway. While there is no garage space, the parking arrangements are more than adequate for the tenants' needs. The building's security is enhanced by the presence of fire alarms and extinguishers on each hallway level, ensuring a safe living environment for all residents.

In summary, this Multi-Family Home for sale in Hamilton at 85 Wilson Street, Hamilton, is a turn-key investment opportunity that should not be overlooked. With its fully tenanted status, updated units, and strong income potential, it stands as an attractive proposition for investors seeking stability in a growing urban market. The combination of a prime location, well-maintained facilities, and a solid income stream makes this property a wise choice for anyone looking to invest in the Hamilton area. Don't miss out on the chance to own this exceptional multiplex; seize the opportunity today!

Beasley is a charming neighbourhood nestled within the city of Hamilton, offering a unique blend of urban convenience and suburban tranquillity. Characterised by its tree-lined streets and a mix of residential properties, Beasley boasts a diverse community atmosphere, with a variety of local amenities including parks, shops, and schools all within easy reach. The area is well-connected to public transport, making it simple to access the vibrant downtown Hamilton and its cultural attractions. With a strong sense of local identity and a welcoming vibe, Beasley presents an appealing option for those seeking a comfortable and connected lifestyle in this dynamic city.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. The closest school is Dr. J.E. Davey Elementary School, just 0.3 km away, offering English instruction for grades JK to 8 with a school rating of 3.6. Another nearby option is St. Francis Xavier CES, a Catholic elementary school located 0.6 km from the property, which serves grades JK to 8 and boasts a higher rating of 7. For older students, Bernie Custis Secondary School is 2.9 km away, although it has a lower rating of 1.9. Alternatively, Westdale Secondary School, located 3.0 km from the property, offers French instruction for grades 9 to 12 and has a better rating of 6. Other elementary schools in the vicinity include Bennetto Elementary (1.0 km, French, rating 3) and Norwood Park Elementary (3.3 km, French, rating 6.5). Cootes Paradise Elementary is also nearby at 3.1 km but has a rating of 0. Cathedral CSS, a Catholic secondary school, is 1.4 km away with a rating of 3.1. Overall, the area offers a range of educational options across different grades and languages.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 797 residents, characterized by an average household size of 1.6 individuals. The demographic profile indicates an average age of 41.8 years, with a notable 71.14% of the population being single. The average household income stands at $56,000, with 33.2% of the population classified as low-income. Housing in the area has an average price of $540,000, and a significant portion of the community, 72.86%, are renters, while 27.14% reside in condominiums. Families with children represent 16.67% of households, highlighting a modest presence of family units. The community is also diverse, with 18.37% of residents being immigrants. Educational attainment is relatively high, with 62.37% of the population holding a college or university degree. However, there is a considerable portion of the population, 34.41%, not participating in the labor force. This demographic snapshot reflects a community that is predominantly single, educated, and diverse, with a significant rental market and a mix of household types.