Land For Sale - 21 Wellington St, Hamilton, Ontario L8R 1M7

location_on 21 Wellington St, Hamilton

Land

21 Wellington St

Hamilton, Ontario L8R 1M7

$4,299,000

For Sale

Property Information

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!

Basic Details
Property Type : Land
Listing Type : For Sale
Listing ID : X9343316
Price : $4,299,000
Year Built : 0
Lot Area : 0 Sqft
Status : A
Days On Market : 18
Address
Postal Code : L8R 1M7
City : Hamilton
Street : Wellington
Street Number : 21
Street Suffix : St
Floor Number : 0
Longitude : E0° 0' 0''
Latitude : N0° 0' 0''
Features
Heating System : Gas Forced Air Closd
Parking : 40
Brokerage
Office Name : SOTHEBY`S INTERNATIONAL REALTY CANADA
Extra Information
address/street_dir_suffix : N
Air Conditioning : Part
Area : Hamilton
living_area : 0
living_area_unit : Sqft
Community : Beasley
Lease : Sale
Street Direction : N
Tax Year : 2023

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21 Wellington St Hamilton, Ontario L8R 1M7