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:4069)
| Address |
15-21 WELLINGTON Street N |
| List Price |
$4,299,000 |
| Property Type |
Vacant Land |
| Area |
Ontario |
| Sub-Area |
Hamilton |
| Lot Size |
0.487 Sq. Ft. |
| MLS® Number |
40645521 |
| Listing Brokerage |
Sotheby's International Realty Canada, Brokerage
|
| Basement Area |
None |
| Postal Code |
L8R1M7 |
| Zoning |
D3 - Downtown Mixed Use |
| Site Influences |
Public Transit |
| Features |
Visual exposure |
