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$4,299,000
Available - For Sale
Listing ID: X10403531
Excellent investment opportunity that offers both cashflow and development potential. Located right at one of the key future light rail stations, this property includes a nearly 14,000 square foot mixed-use building and a large 40+ car parking lot. A large usable basement offers additional square footage and opportunity. With several strong anchor tenants that include F45 Training, Red Rockets BBQ, and a large office tenant, there is plenty of quick upside to be realized by leasing several turn-key vacant units. In addition to the commercial units, there are four fantastic 2-storey residential lofts occupied by excellent tenants. With exposed brick and beautiful post and beam construction, this building is full of desirable urban character. With a highly flexible Downtown Central Business District D1 Zoning, the permitted uses and development scenarios for this site are varied and plentiful. Optimize or even expand the existing building, and/or let the property carry itself while going through development planning and approvals. This is a rare opportunity to acquire a large parcel within steps of a major LRT hub!
Price $4,299,000
Taxes: $58,708
Assessment: $1673000
Assessment Year: 2024
Address: 15-21 WELLINGTON St North , Hamilton, L8R 1M7, Ontario
Postal Code: L8R 1M7
Province/State: Ontario
Legal Description: LT 11-13 PL 214; PT LT 14 PL 214; PT LT
Lot Size: 132.27 x 177.38 (Acres)
Directions/Cross Streets: On the west side of Wellington Street North between King Street East and King William Street.
Zoning: D1 - Downtown Ce
Total Area Code:  Sq Ft
Area Influences: Public Transit  
Soil Test: N
Sewers: Sewers
Water: Municipal
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Sotheby's International Realty Canada, Brokerage

15-21 WELLINGTON St North , Hamilton, L8R 1M7, Ontario


 
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Type: Com - Land
Area: Hamilton
Municipality: Hamilton
Neighbourhood: Beasley
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Lot Size: 132.27 x 177.38(Acres)
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Tax: $58,708
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