$670,000 - 801 Upper Wellington Street, Hamilton
Multi-Family for Sale in Hamilton
40 days on market- MLS Number
- X13108170
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 40
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Hamilton
- Listing Brokerage
- CENTURY 21 MYPRO REALTY
Stunning Legal Duplex on a Huge 75' x 104' Lot in a Prime Hamilton Mountain Location!Top 5 Reasons Buyers & Investors Will Love It: 1) Rare Oversized 75' x 104' Lot + 3 Car Tandem Garage.Offering outstanding long-term value with potential redevelopment, future expansion, or severance possibilities.2) Legal Duplex with Two Self-Contained Units+Basement.An ideal setup for investors, multi-generational families, or owner-occupants looking for mortgage support.Each unit features:Two Spacious Bedrooms, Full Kitchen, Full Bathroom ,Bright Living Room.Generate strong rental income while enjoying flexible living options. 3) Extensively renovated over the past several years, this move-in ready property has been beautifully upgraded inside and out with modern finishes throughout. Interior updates include plumbing, wiring, and electrical panels for the second-floor unit and garage, along with renovated kitchens, flooring, bathrooms&new appliances in both units at the time of renovation. Exterior upgrades include a newer roof (2022), newer siding, newer painted exterior, upgraded deck, and many stylish improvements that make this property truly turnkey.4) Prime Location:Approx. 3 Minutes to Mohawk College,15 Minutes to McMaster University and Minutes to Warmart & Major Amenities. Conveniently located close to schools, shopping, restaurants, transit, hospitals and everyday amenities. 5) Excellent Investment & Future Income Opportunity.A rare combination of immediate cash flow and future upside. The large backyard offers exciting potential for an additional dwelling unit or garden suite, making this property an exceptional opportunity for both investors and end-users alike. Whether you're looking for steady rental income, multi-family living, or future redevelopment potential - this legal duplex checks all the boxes!
Estimate your monthly payments for this property
Estimated Payment
$3,437.45/mo
Includes CMHC insurance ($18,693)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Hamilton
Hamilton is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Hamilton
- •Convenient location in Hamilton
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Hamilton offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
801 Upper Wellington Street, Hamilton
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Rental income estimator & ROI calculator
Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $447/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 40 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Hamilton. Good resale value as demand remains consistent.
Investment Perspective
Looking at this as an investment: Hamilton properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,792 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.