$4,299,000
FOR SALE

Land

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 X9343316
Last Updated Sep 11, 2024
Property Summary
Property Type Land

More like this:
Category Designated
PIN 171680144
Legal Description LT 11-13 PL 214; PT LT 14 PL 214; PT LT 16-18 PL 38 AS IN CD324982; CITY OF HAMILTON
Occupancy Tenant
Possession Date Flexible
Taxes (2023) $58,708
Tax Type Annual
Directions/Cross Streets King Street East
Neighbourhood Beasley
Area Hamilton
Price History

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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
Sewers San+Storm
Utilities Y
Water Municipal
Lot/Bldg/Unit Code Lot
Zoning D3 - Downtown Mixed Use
Seller Property Info Statement N

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