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

$4,299,000

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:57069)

Property Details

MLS® Number 40645521
Property Type Vacant Land
AmenitiesNearBy Public Transit
CommunityFeatures High Traffic Area
Features Visual Exposure

Building

BasementType None
UtilityWater Municipal Water

Land

Acreage No
LandAmenities Public Transit
Sewer Municipal Sewage System
SizeDepth 177 Ft
SizeFrontage 132 Ft
SizeIrregular 0.487
SizeTotal 0.487 Ac|under 1/2 Acre
SizeTotalText 0.487 Ac|under 1/2 Acre
ZoningDescription D3 - Downtown Mixed Use

Utilities

Electricity Available
Natural Gas Available

https://www.realtor.ca/real-estate/27398258/15-21-wellington-street-n-hamilton


Sotheby's International Realty Canada, Brokerage
183 James St S - Unit# 1
Hamilton, Ontario L8P 3A8

(905) 296-3930

Interested?

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