21 Wellington Street N Hamilton (Beasley), Ontario L8R 1M7
$4,299,000
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! (id:52603)
Property Details
| MLS® Number | X9343255 |
| Property Type | Business |
| Community Name | Beasley |
| Parking Space Total | 40 |
Building
| Cooling Type | Partially Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 13916 Sqft |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 151 Ft ,2 In |
| Size Frontage | 132 Ft ,3 In |
| Size Irregular | 132.27 X 151.19 Ft |
| Size Total Text | 132.27 X 151.19 Ft |
| Zoning Description | D3 - Downtown Mixed Use |
https://www.realtor.ca/real-estate/27398647/21-wellington-street-n-hamilton-beasley-beasley
125 Lakeshore Rd E Ste 200
Oakville, Ontario L6J 1H3
(905) 845-0024
(905) 844-1747
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September 11 2024 04:09:27
Toronto Real Estate Board
Sotheby's International Realty Canada