15 Wellington Street N Active Save Request In-Person Tour Request Virtual Tour
Hamilton,ON L8R 1M7
Key Details
Property Type Commercial
Sub Type Mixed,Building and Land
Listing Status Active
Purchase Type For Sale
Square Footage 13,916 sqft
Price per Sqft $287
MLS Listing ID 40714585
Abv Grd Liv Area 13,916
Originating Board Hamilton - Burlington
Annual Tax Amount $58,708
Lot Size 0.487 Acres
Acres 0.487
Property Sub-Type Mixed,Building and 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
Area 14 - Hamilton Centre
Zoning D3 - Downtown Mixed Use
Direction On the west side of Wellington Street North between King Street East and King William Street.
Rooms
Basement Full
Kitchen 0
Interior
Fireplace No
Exterior
Parking Features Gravel,Guest
Lot Frontage 132.27
Lot Depth 177.38
Garage No
Building
Lot Description Irregular Lot,Ample Parking,City Lot,High Traffic Area,Public Transit,Visual Exposure
Faces On the west side of Wellington Street North between King Street East and King William Street.
Story 2.5
Sewer Sewer (Municipal)
Water Municipal
Structure Type Brick,Block
New Construction No
Others
Senior Community No
Tax ID 171680144
Ownership Freehold/None