15-21 Wellington Street N Hamilton, Ontario L8R 1M7
$4,299,000
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! (id:58043)
Property Details
| MLS® Number | 40644108 |
| Property Type | Office |
| Neigbourhood | North End |
| AmenitiesNearBy | Public Transit |
| CommunityFeatures | High Traffic Area |
| Features | Visual Exposure, Crushed Stone Driveway |
| ParkingSpaceTotal | 43 |
Building
| BasementType | Full |
| ConstructionMaterial | Concrete Block, Concrete Walls |
| ExteriorFinish | Brick, Concrete |
| StoriesTotal | 3 |
| SizeExterior | 13916.0000 |
| SizeInterior | 13916 Sqft |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| LandAmenities | Public Transit |
| Sewer | Municipal Sewage System |
| SizeDepth | 177 Ft |
| SizeFrontage | 132 Ft |
| SizeIrregular | 0.487 |
| SizeTotal | 0.487 Ac|under 1/2 Acre |
| SizeTotalText | 0.487 Ac|under 1/2 Acre |
| ZoningDescription | D3 - Downtown Mixed Use |
https://www.realtor.ca/real-estate/27397391/15-21-wellington-street-n-hamilton
Interested?
Contact us for more information
Martinus Geleynse
Salesperson
183 James St S - Unit# 1
Hamilton, Ontario L8P 3A8
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
September 11 2024 01:46:13
Oakville, Milton & District Real Estate Board
Sotheby's International Realty Canada, Brokerage