$4,299,000
FOR SALE

Investment

Lot: 132.27 x 151.19 ftTotal Area: 13,916 ft2
2023 Taxes: $58,708

21 Wellington St N
Hamilton, ON L8R 1M7 | Beasley

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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Listed By SOTHEBY`S INTERNATIONAL REALTY CANADA
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X9343255
Last Updated Sep 11, 2024
Property Summary
Property Type Investment

More like this:
Category Retail
PIN 171680144
Occupancy Tenant
Possession Date Flexible
Taxes (2023) $58,708
Tax Type Annual
Directions/Cross Streets King Street East
Neighbourhood Beasley
Area Hamilton
Price History

Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Freestanding Y
Lot 132.27 x 151.19 ft
Total Area 13,916 ft2
Air Conditioning Part
Garage Type Outside/Surface
Parking Spaces 40
Heat Type Gas Forced Air Closd
Utilities Y
Water Municipal
Lot/Bldg/Unit Code Lot
Zoning D3 - Downtown Mixed Use
Seller Property Info Statement Y

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