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Investment signal

$649,000

70 WELLINGTON STREET S

Beds

4

Baths

2

Sqft

Year

Location

See the block, not just the house.

Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.

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About this home

Attention Investors Turnkey 2-Unit Property in Prime Downtown Location! Exceptional opportunity to own a fully tenanted, turnkey duplex just steps from two major transit lines, the GO Station, and all the vibrant amenities of downtown. Both units are updated and income-generating, making this a hassle-free investment with strong rental appeal. Property Highlights :Two self-contained units turnkey and tenant-ready. Unbeatable location steps to transit, GO Station, shops, and dining 24-hour notice for showings. Ideal for investors seeking a low-maintenance, income-producing asset in a high-demand area. Don't miss this opportunity to expand your portfolio with a quality downtown property (id:65958)

Subtype
Single Family
Structure
House
Community
Corktown
Common interest
Freehold
Lot dimensions
44 x 108 FT
Bedrooms
4 above grade
Parking
2 total
Stories
1.5
On market
Apr 13, 2026
Status changed
Apr 13, 2026
Annual tax
$3,500
Photos
9
MLS#
X12989584
Area
HAMILTON_(CORKTOWN)

Features and systems

Parking

No Garage

Basement

UnfinishedFull

Heating

Forced airNatural gas

Cooling

Window air conditioner

Exterior

Brick

Foundation

Concrete
Negative cash flow ~$1,286/mo at these assumptions

Cash on cash

-11.89%

Cap rate

3.51%

GRM

16.6

Break-even rent

$4,604

Financing

Down payment$129,800
Loan amount$519,200
Mortgage$3,185/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$297
Insurance$80
Maintenance$541
CapEx reserve$270
Vacancy loss$163

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 $3,185/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.

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