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 Central Business District D1 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!

Features
: N
Address Map
CA
Ontario
Hamilton
L8R 1M7
WELLINGTON
15-21
0
E0° 0' 0''
N0° 0' 0''
More info
Sotheby's International Realty Canada, Brokerage
72
2024-11-22 15:42:20.0
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Land For Sale

15-21 WELLINGTON St, Hamilton, Ontario L8R 1M7

  • Visits : 3 in 1 days
$4,299,000
Listing ID#X10403531
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Basic Details
Property Type : Land
Listing Type : For Sale
Listing ID : X10403531
Price : $4,299,000
Year Built : 0
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Firas Al-Rifay
Ontario Real Estate @JDF Realty.LTD Brokerage
Ontario Real Estate @JDF Realty.LTD Brokerage
999 Edgeley Blvd. Units 5-6 Vaughan, Ontario, Canada L4K 4R7
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