23 Wellington St , Hamilton, ON L8R
Hamilton, ON L8R
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 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 Central Business District D1 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!
Details
| MLS# | X10403531 |
|---|---|
| Listing Type | For Sale |
| Style | Farm or Ranch |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 165 |
| Listing Provided By | Sotheby's International Realty Canada, Brokerage | Not Provided |
Features
| Zoning | D1 - Downtown Central Business D |
|---|
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Learn More About This Property
| Province | ON |
|---|---|
| County | Hamilton |
| City | Hamilton |
| Postal Code | L8R |
| Area | Hamilton |
| Community Name | Beasley |
| Listing VS Median (In Beasley) | |
Price: $4,299,000 low | high Med: $0 On site: 165 low | high Med: | |
