21 Wellington Street N Hamilton (Beasley), 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 | X9343316 |
| Property Type | Vacant Land |
| Neigbourhood | Beasley |
| Community Name | Beasley |
| ParkingSpaceTotal | 40 |
Building
| CoolingType | Partially Air Conditioned |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| SizeInterior | 13916 Sqft |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| SizeDepth | 151 Ft ,2 In |
| SizeFrontage | 132 Ft ,3 In |
| SizeIrregular | 132.27 X 151.19 Ft |
| SizeTotalText | 132.27 X 151.19 Ft |
| ZoningDescription | D3 - Downtown Mixed Use |
https://www.realtor.ca/real-estate/27398658/21-wellington-street-n-hamilton-beasley-beasley
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Martinus Dominicus Geleynse
Salesperson
183 James St South #1
Hamilton, Ontario L8P 3A8
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September 11 2024 04:09:30
Toronto Real Estate Board
Sotheby's International Realty Canada