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Type: Land
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Property Type: Commercial
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Zoning: D3 - Downtown Mi
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Age: No Data
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Taxes: 58708
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MLS®#: X9343316
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Added: Sep 11, 2024 (3 months ago)
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Updated:
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Last Checked: 3 hours ago
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Listed By: SOTHEBY`S INTERNATIONAL REALTY CANADA
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!
Property
Status: Sale
Property Type: Land
Property Type: Designated
Area: Hamilton
Community: Beasley
Availability Date: Flexible
Inside
Air Conditioning: Part
Utilities
Utilities: Yes
Building
Heat Type: Gas Forced Air Closd
Freestanding: Y
Water Supply: Municipal
Parking
Garage Type: Outside/Surface
Covered Parking Spaces: 40
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
Taxes Type: Annual
Land
Cross Street: King Street East
Municipality District: Hamilton
Parcel Number: 171680144
Sewer: San+Storm
Lot Depth: 151.19 Feet
Lot Frontage: 132.27 Feet
Zoning: D3 - Downtown Mi
Commercial Specific
Total Area: 13916
Total Area Metric: Sq Ft
Lot Code: Lot
St. Patrick Catholic Elementary School
Elementary: CatholicSt. Brigid Catholic Elementary School
Elementary: CatholicGeorge L Armstrong Public School
Elementary: PublicDr. J. Edgar Davey (New) Elementary Public School
Elementary: PublicQueen Victoria Elementary Public School
Elementary: PublicCathy Wever Elementary Public School
Elementary: PublicKing William Alter Ed Secondary School
Secondary: PublicTurning Point School
Secondary: PublicVincent Massey/James Street
Secondary: PublicSt. Charles Catholic Adult Secondary School
Secondary: CatholicSir John A Macdonald Secondary School
Secondary: PublicCathedral High School
Secondary: Catholic
