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