$4,299,000
Available - For Sale
Listing ID: X10403519
15-21 WELLINGTON St North , Hamilton, L8R 1M7, Ontario
| 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! |
| Price | $4,299,000 |
| Taxes: | $58708.00 |
| Assessment: | $1673000 |
| Assessment Year: | 2024 |
| Occupancy by: | Tenant |
| Address: | 15-21 WELLINGTON St North , Hamilton, L8R 1M7, Ontario |
| Postal Code: | L8R 1M7 |
| Province/State: | Ontario |
| Legal Description: | LT 11-13 PL 214; PT LT 14 PL 214; PT LT |
| Lot Size: | 132.27 x 177.38 (Acres) |
| Directions/Cross Streets: | On the west side of Wellington Street North between King Street East and King William Street. |
| Category: | With Property |
| Total Area: | 13916.00 |
| Total Area Code: | Sq Ft |
| Area Influences: | Public Transit |
| Sewers: | Sewers |
| Water: | Municipal |
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| Sotheby's International Realty Canada, Brokerage |
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Hassan Ostadi
Sales Representative
Dir:
416-459-5555
Bus:
905-731-2000
Fax:
905-886-7556
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At a Glance:
| Type: | Com - Sale Of Business |
| Area: | Hamilton |
| Municipality: | Hamilton |
| Neighbourhood: | Beasley |
| Lot Size: | 132.27 x 177.38(Acres) |
| Tax: | $58,708 |
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