21 Wellington St N
Hamilton, L8R1M7
For Sale
$4,299,000
➧
➧
Designated
CATEGORY13,916 Sq Ft
TOTAL AREAX9343316
MLSIDContact Us
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!
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Property Details
Category
Designated
Zoning
D3 - Downtown Mixed Use
Total Area
13,916 Sq Ft
Lot Size
132' x 151'
Taxes
$58,708 (2023)
Parking Spaces
40
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Listing contracted with Sotheby's International Realty Canada
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