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Investment signal

$1,549,000

66 WELLINGTON STREET S

Beds

Baths

Sqft

—

Year

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Location

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About this home

Turn-Key 9-Unit Multiplex Prime Investment Opportunity! Attention Investors! Don't miss this rare chance to acquire a fully tenanted, cash-flowing 9-unit multiplex generating an impressive gross annual income of nearly $151,000. This property has been substantially renovated throughout, offering a low-maintenance, turn-key solution ideal for both seasoned and new investors alike. Situated in a high-demand location just steps from two major transit lines, the GO Station, and all downtown amenities, this asset offers incredible tenant appeal and long-term growth potential. Property Highlights :Gross Annual Revenue: Approx. $151,000 Renovated Units: Modern finishes and upgrades throughout Excellent Location: Minutes to transit, GO Station, shops, dining, and more Tenant Features: Private balconies/patios, on-site laundry 24-Hour Showing Notice Required. With strong income, a desirable location, and recent capital improvements, this property is a solid addition to any real estate portfolio. (id:65958)

Subtype: Multi-family
Structure: Other
Community: Corktown
Lot dimensions: 36.6 x 134.5 FT
Bedrooms: 7 above grade, 2 below grade
Parking: 0 total
Stories: 3
On market: Apr 13, 2026
Status changed: Apr 13, 2026
Annual tax: $6,301
Photos: 50
MLS#: X12989434
Area: HAMILTON_(CORKTOWN)

Features and systems

Parking

No Garage

Basement

FinishedSeparate entranceN/AN/A

Heating

Baseboard heatersElectric

Cooling

Wall unit

Exterior

Brick

Foundation

Brick

Negative cash flow ~$2,966/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

-11.49%

Cap rate

3.59%

GRM

16.7

Break-even rent

$10,872

Financing

Down payment$309,800

Loan amount$1,239,200

Mortgage$7,602/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$710

Insurance$80

Maintenance$1,291

CapEx reserve$645

Vacancy loss$388

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Lifestyle nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Hamilton (Corktown). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $7,602/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 13, 2026.