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:47351)
Property Details
| MLS® Number | 40644108 |
| Property Type | Office |
| 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
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September 11 2024 01:46:13
Oakville, Milton & District Real Estate Board
Sotheby's International Realty Canada, Brokerage