$4,299,000
15-21 WELLINGTON ST N Hamilton, ON L8R 1M7
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$4,299,000
Est. payment /mo
13,916 SqFt
Active
15-21 WELLINGTON ST N Hamilton, ON L8R 1M7
UPDATED:
11/02/2024 07:01 PM
Key Details
Property Type Commercial
Sub Type Sale Of Business
Listing Status Active
Purchase Type For Sale
Square Footage 13,916 sqft
Price per Sqft $308
MLS Listing ID X10403519
Annual Tax Amount $58,708
Tax Year 2023
Property Description
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 Mixed Use D3 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!
Location
State ON
County Hamilton
Community Public Transit
Area Beasley
Rooms
Basement Full
Kitchen 0
Interior
Cooling Unknown
Fireplace No
Exterior
Garage Other
Pool None
Community Features Public Transit
Utilities Available Unknown
Waterfront No
Roof Type Unknown
Parking Type Unknown
Total Parking Spaces 43
Building
Lot Description Irregular Lot
New Construction false
Others
Security Features Unknown
Listed by Sotheby's International Realty Canada, Brokerage
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