Active

15-21 WELLINGTON St N

Hamilton Ontario, L8R 1M7

C$4,299,000


C$183.23 per sqft

Active

0.54 Acres

Land

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!

X10403531

MLS ID

December 12, 2024

Updated

Map

15-21 WELLINGTON St N
Hamilton Ontario, L8R 1M7

Exterior/Building Features

Lot Size

0.54 Acres


Sewer

Sewers

Other Property Details

Area Name

Beasley


Taxes

$58,708


Tax Frequency

Annually


Garage

No


View

No


County

Ontario


Municipality

Hamilton


Water Source

Municipal


Pool

No


Zoning

D1 - Downtown Central Business District

 

Courtesy of Listed by , Sotheby's International Realty Canada, Brokerage,

Based on information from the Toronto Regional Real Estate Board. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Information is deemed reliable but is not guaranteed accurate.

©2024 Toronto Real Estate Board. All rights reserved. 

Data last updated 11:05 AM UTC, 12/12/2024

 

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