23
See all 23 photos
$3,999,000
Est. payment /mo
13,916 SqFt
Active
15 WELLINGTON ST N Hamilton, ON L8R 1M7
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Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Square Footage 13,916 sqft
Price per Sqft $287
Subdivision Beasley
MLS Listing ID X12070054
Annual Tax Amount $58,708
Tax Year 2024
Property Sub-Type Land
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 (above grade) 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!
Location
Province ON
County Hamilton
Community Beasley
Area Hamilton
Rooms
Kitchen 0
Interior
Cooling Yes
Exterior
Community Features Public Transit
Utilities Available Available
Lot Frontage 132.27
Lot Depth 177.38
Building
Lot Description Irregular Lot
New Construction false
Others
Security Features Yes
Listed by Sotheby's International Realty Canada, Brokerage
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