15-21 WELLINGTON Street North, Hamilton | Image 1

15-21 WELLINGTON Street North

Hamilton, Beasley

  • Commercial

$4,299,000
For Sale

Added 2 months ago

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  • Type: Land

  • Property Type: Commercial

  • Zoning: D1 - Downtown Ce

  • Age: No Data

  • Taxes: 58708

  • MLS®#: X10403531

  • Days on Site: 67 Days

  • Added: Sep 10, 2024 (2 months ago)

  • Updated:

  • Last Checked: 9 hours ago

  • Listed By: Sotheby's International Realty Canada, Brokerage

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!

Property

  • Status: Sale

  • Property Type: Land

  • Area: Hamilton

  • Community: Beasley

  • Availability Date: Flexible

  • Assessment Amount: $1,673,000

  • Assessment Year: 2024

Building

  • Basement: N

  • Water Supply: Municipal

Fees

  • Tax Year: 2023

  • Tax Legal Description: LT 11-13 PL 214; PT LT 14 PL 214; PT LT 16-18 PL 38 AS IN CD3249

  • Taxes: $58,708

Land

  • Cross Street: On the west side of

  • Municipality District: Hamilton

  • Parcel Number: 171680144

  • Sewer: Sewers

  • Lot Depth: 177.38 Acres

  • Lot Frontage: 132.27 Acres

  • Zoning: D1 - Downtown Ce

Commercial Specific

  • Total Area Metric: Sq Ft

  • Area Influence: Public Transit

  • Soil Test: N

Map of 15-21 WELLINGTON Street North, Hamilton
JK-8

St. Patrick Catholic Elementary School

Elementary: Catholic
0.33 km
JK-8

St. Brigid Catholic Elementary School

Elementary: Catholic
0.84 km
JK-8

George L Armstrong Public School

Elementary: Public
1.44 km
JK-8

Dr. J. Edgar Davey (New) Elementary Public School

Elementary: Public
0.41 km
JK-8

Queen Victoria Elementary Public School

Elementary: Public
0.83 km
JK-8

Cathy Wever Elementary Public School

Elementary: Public
1.10 km
9-12

King William Alter Ed Secondary School

Secondary: Public
0.17 km
9-12

Turning Point School

Secondary: Public
0.90 km
9-12

Vincent Massey/James Street

Secondary: Public
3.50 km
9-12

St. Charles Catholic Adult Secondary School

Secondary: Catholic
2.12 km
Pre-Grade 9-12

Sir John A Macdonald Secondary School

Secondary: Public
1.35 km
9-12

Cathedral High School

Secondary: Catholic
0.50 km
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