ON > Hamilton
Hamilton, ON L8R 1M7,15-21 WELLINGTON ST N
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Mahesh Khatri

Mahesh Khatri

+1(416) 464-6568
$ 4,299,000
Est. payment | /mo

13,916 SqFt

Save
$ 4,299,000
Est. payment | /mo
Save

13,916 SqFt

Key Details

Property Type Commercial

Sub Type Sale Of Business

Listing Status Active

Purchase Type For Sale

Square Footage 13,916 sqft

Price per Sqft $308

MLS Listing ID X10403519

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

Community Public Transit

Area Beasley

Rooms

Basement Full

Kitchen 0

Interior

Cooling Unknown

Fireplace No

Exterior

Garage Other

Pool None

Community Features Public Transit

Utilities Available Unknown

Waterfront No

Roof Type Unknown

Parking Type Unknown

Total Parking Spaces 43

Building

Lot Description Irregular Lot

New Construction false

Others

Security Features Unknown

Listed by Sotheby's International Realty Canada, Brokerage
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(416) 464-6568

mkhatri.teammahesh@gmail.com

7885 Tranmere Dr Unit 1, Mississauga, Ontario, L5S1V8, CAN

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15-21 WELLINGTON ST N