15-21 Wellington Street N Hamilton, ON L8R 1M7
Listing Courtesy of: ITSO / Sotheby's International Realty Canada, Brokerage

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

Active (32 Days)
$4,299,000

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!

MLS®:
40645521
Taxes
$58,708
Lot Size
0.49 acres
Type
Land
County
Hamilton

Listed By

Martinus Geleynse, Sotheby's International Realty Canada, Brokerage
Source
ITSO
Last checked Oct 13 2024 at 6:30 PM GMT+0000
Bathroom Details
Lot Information
  • Visual Exposure
  • Public Transit
  • High Traffic Area
  • City Lot
  • Ample Parking
  • Irregular Lot
  • Urban
Utility Information
  • Utilities: Natural Gas Connected, Electricity Connected
  • Sewer: Sewer (Municipal)
Location
   
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Disclaimer: Listing content protected by copyright and licensed by Information Technology Systems Ontario: Data last updated: 10/13/24 11:30