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 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! (id:50964)
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 | D1 - Downtown Central Business District |
Utilities
| Electricity | Available |
| Natural Gas | Available |
https://www.realtor.ca/real-estate/27398258/15-21-wellington-street-n-hamilton
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October 24 2024 05:44:35
Oakville, Milton & District Real Estate Board
Sotheby's International Realty Canada, Brokerage