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570 Upper Wellington Street, Hamilton, Ontario, L9A 3P9

MLS® # H4195164
Commercial For Sale In Centremount, Hamilton, Ontario
$1,799,900
570 Upper Wellington Street, Hamilton, ON
570 Upper Wellington Street, Hamilton, ON
570 Upper Wellington Street, Hamilton, ON
570 Upper Wellington Street, Hamilton, ON
570 Upper Wellington Street, Hamilton, ON
570 Upper Wellington Street, Hamilton, ON
570 Upper Wellington Street, Hamilton, ON
570 Upper Wellington Street, Hamilton, ON
570 Upper Wellington Street, Hamilton, ON
570 Upper Wellington Street, Hamilton, ON
570 Upper Wellington Street, Hamilton, ON
570 Upper Wellington Street, Hamilton, ON
570 Upper Wellington Street, Hamilton, ON
570 Upper Wellington Street, Hamilton, ON
570 Upper Wellington Street, Hamilton, ON
570 Upper Wellington Street, Hamilton, ON
570 Upper Wellington Street, Hamilton, ON
570 Upper Wellington Street, Hamilton, ON
570 Upper Wellington Street, Hamilton, ON
570 Upper Wellington Street, Hamilton, ON
570 Upper Wellington Street, Hamilton, ON
570 Upper Wellington Street, Hamilton, ON
570 Upper Wellington Street, Hamilton, ON
570 Upper Wellington Street, Hamilton, ON
570 Upper Wellington Street, Hamilton, ON
570 Upper Wellington Street, Hamilton, ON
570 Upper Wellington Street, Hamilton, ON
570 Upper Wellington Street, Hamilton, ON
570 Upper Wellington Street, Hamilton, ON
570 Upper Wellington Street, Hamilton, ON
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ACTIVE
570 Upper Wellington Street, Hamilton, Ontario, L9A 3P9
$1,799,900

Property Information:

Investment opportunity on Hamilton Mountain! This property features six well-maintained residential units & 1 commercial lease, all fully tenanted, ensuring immediate rental income. Additionally, the property includes a billboard lease, further enhancing the income potential. Impressive overall cap rate of 6.05%, this property promises substantial returns.The residential units offer a mix of layouts 2- 2 bedrooms, 3- 1 bedrooms & 1 Bachelor, catering to diverse tenant needs, and are situated in a desirable neighborhood with easy access to amenities, public transport, and major highways. 8 parking spots. Don't miss out on this exceptional opportunity to expand your portfolio with a property that combines stability, growth potential, and a prime location on Hamilton Mountain. (id:27)

Building Features:

  • Style: Mixed
  • Building Type: Commercial Mix
  • Heating Type: No heat
  • Cooling Type: None

Property Features:

  • Property Type: Other
  • Irregular: Yes
  • Lot Depth: 127.0 Feet
  • Lot Frontage: 50.0 Feet
  • Lot Size: 50 x 127
  • Zoning: C5
  • Sewer: No sewage system
  • Parking Type: Surfaced
  • No. of Parking Spaces: 8

Courtesy of: RE/MAX Escarpment Golfi Realty Inc.

REALTOR.ca  

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Market Price Trends

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 570 Upper Wellington Street, Hamilton, Ontario, L9A 3P9

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: High

30 hot days expected in 2050

Projected Storm Risk: High

13 storms expected in 2050

Projected Heat Risk: High

30 hot days expected in 2050

48/100

High

ClimateCheck®

Current data

This property, 570 Upper Wellington Street , experiences 7 hot days per year at around 31.8 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 30 hot days at 35.3 degrees Celsius.

Projected Avg. Temperature

Past
31.8℃
2050
35.3℃

# Hot Days Per Year

Past
7
2050
30

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Storm Risk: High

13 storms expected in 2050

59/100

High

ClimateCheck®

Current data

This property, 570 Upper Wellington Street , experiences 11 significant 2-day storms per year, with about 308.9mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 13 significant 2-day storms with 383.4mm of precipitation per year.

Precipitation Per Storm

Past
308.9mm
2050
383.4mm

48-Hour Storms Per Year

Past
11
2050
13

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 570 Upper Wellington Street, Hamilton, Ontario, L9A 3P9

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$109,650.91

Average Number of Children

1.63

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

14.47 %

High school certificate or equivalent

31.65 %

Apprenticeship trade certificate/diploma

6.42 %

College/non-university certificate

28.46 %

University certificate (below bachelor)

0.81 %

University Degree

18.19 %

Commuter

Travel To Work

By Car

84.62 %

By Public Transit

8.79 %

By Walking

1.96 %

By Bicycle

0.0 %

By Other Methods

4.63 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

7.16 %

Houses

92.84 %

Own Vs. Rent

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