ON > Hamilton
Hamilton, ON L8R 1M7,15 Wellington Street N
Hamilton, ON L8R 1M7,15 Wellington Street N
Hamilton, ON L8R 1M7,15 Wellington Street N
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Listed by Martinus Geleynse • Sotheby's International Realty Canada
$3,999,000
Est. payment /mo
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13,916 SqFt
Active

15 Wellington Street N Hamilton, ON L8R 1M7

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Joseph Halleran

Joseph Halleran

+1(519) 341-4992

UPDATED:

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

Annual Tax Amount $58,708

Lot Size 0.487 Acres

Acres 0.487

Property Sub-Type Mixed,Building and Land

Source Hamilton - Burlington

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

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Joseph Halleran

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+1(519) 341-4992

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15 Wellington Street N