$ 4,299,000
21 Wellington ST N Hamilton, ON L8R 1M7
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$ 4,299,000
Est. payment | /mo
13,916 SqFt
$ 4,299,000
Est. payment | /mo
13,916 SqFt
Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Square Footage 13,916 sqft
Price per Sqft $308
MLS Listing ID X9343316
Annual Tax Amount $58,708
Tax Year 2023
Property Description
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!
Location
Province ON
County Hamilton
Area Beasley
Interior
Cooling Partial
Exterior
Garage Spaces 40.0
Utilities Available Yes
Parking Type Outside/Surface
Listed by SOTHEBY`S INTERNATIONAL REALTY CANADA
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
7885 Tranmere Dr Unit 1, Mississauga, Ontario, L5S1V8, CAN