$ 4,299,000
15-21 WELLINGTON Street N Hamilton, ON L8R1M7
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 4,299,000
Est. payment /mo
Active
15-21 WELLINGTON Street N Hamilton, ON L8R1M7
13,916 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 13,916 sqft
Price per Sqft $308
Subdivision 140 - Beasley
MLS® Listing ID 40644108
Originating Board The Oakville, Milton & District Real Estate Board
Lot Size 0.487 Acres
Acres 21213.72
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! (id:24570)
Location
Province ON
Exterior
Garage No
Community Features High Traffic Area
Waterfront No
View Y/N No
Total Parking Spaces 43
Private Pool No
Building
Story 2.5
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by Sotheby's International Realty Canada, Brokerage