Active

21 Wellington St N

Hamilton Ontario, L8R 1M7

C$4,299,000


C$214.97 per sqft

Active

0.46 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 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!

X9343316

MLS ID

November 22, 2024

Updated

Map

21 Wellington St N
Hamilton Ontario, L8R 1M7

Exterior/Building Features

Lot Size

0.46 Acres


Sewer

SanStorm

Other Property Details

Area Name

Beasley


Taxes

$58,708


Tax Frequency

Annually


Garage

No


Parking

Outside/Surface


Parking Total

40


View

No


County

Ontario


Municipality

Hamilton


Water Source

Municipal


Pool

No


Zoning

D3 - Downtown Mixed Use

 

Courtesy of Listed by , SOTHEBY`S INTERNATIONAL REALTY CANADA,

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 3:08 PM UTC, 11/22/2024

 

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