$4,299,000
 $23,078 est/mo Sourced by Back At You

15-21 Wellington Street N , Hamilton, ON L8R 1M7

Hamilton, ON L8R 1M7

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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 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!

Details

MLS#40645521
Listing TypeFor Sale
StyleCommercial
Sub-TypeResale
StatusActive
Days On Site59
Listing Provided BySotheby's International Realty Canada, Brokerage | Martinus Geleynse

Features

ZoningD1 - Downtown Central Business D
Acreage0.49
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

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Learn More About This Property

ProvinceON
RegionHamilton
CityHamilton
Postal CodeL8R 1M7
Area14 Hamilton Centre
Subarea140 Beasley
Community Name140 Beasley
Listing VS Median (in 140 Beasley)
Price:
$4,299,000
low | high
Med:
$2,753
100% of Average
On Site:
59
low | high
Med:
31.000000
100% of Average
Sourced by Back At You
Listing Updated: October 24, 2024 at 1:34:14 PM PDT