113 Wellington Street, Hamilton, ON
Property Highlights
Welcome to this remarkable 3-Storey triplex located in the coveted neighborhood of Beasley. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $669,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 5 Bedrooms and 3 Bathrooms with 3 functional kitchens
- Premium 25 x 121 ft lot size
- Features a full basement, adding superb versatility for recreation, a home gym, or extra storage
- 3.0 total parking spaces available
- Notable attributes: Water Heater
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
**Excellent Investment Opportunity** **Positive Cash Flow ** Welcome to this Legal Non-Conforming Triplex featuring 5 bedrooms, 3 full baths, and 3 kitchens, each with separate hydro meters. With 3 parking spots, this property is an excellent investment opportunity. The main floor has a 2-bedroom suite with separate living and dining rooms, kitchen, and potential rent of $1,500. The 2nd floor offers a 2-bedroom suite with separate living and dining rooms, kitchen, 3-piece bath, and den, also renting for $1,600. The 3rd floor features a 1-bedroom suite with separate living and dining rooms, kitchen, 3-piece bath, and den, with potential rent of $1,100. Total rental income is approximately $4,200 monthly, which can exceed mortgage payments. Located near Mohawk college, Mc Master university, St Peters hospital, St. Joseph's Healthcare, Trillium Place and other amenities, this triplex offers strong rental potential and positive cash flow.
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Property Summary
This triplex located at 113 Wellington Street, Hamilton is currently for sale and has been available on SousaSells for 714 days. This property is listed at $669,000 with an estimated mortgage of $2,227* per month. It has 5 beds, 3 bathrooms, and is unknown square feet. 113 Wellington Street, Hamilton is in the Beasley neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 113 Wellington Street S, Hamilton, ON L8N 2R3
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Hamilton, ON
For a property listed at $669,000 in Hamilton, the legal minimum down payment is $41,900 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $9,855 for this transaction. As this listing is in Hamilton (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $9,855.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.