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:50617)
MLS® Number | X10403519 |
Property Type | Business |
Community Name | Beasley |
AmenitiesNearBy | Public Transit |
ParkingSpaceTotal | 43 |
BasementType | Full |
ExteriorFinish | Concrete, Brick |
SizeInterior | 13916 Sqft |
UtilityWater | Municipal Water |
Acreage | No |
LandAmenities | Public Transit |
Sewer | Sanitary Sewer |
SizeIrregular | Unit=132.27 X 177.38 Acre |
SizeTotalText | Unit=132.27 X 177.38 Acre|under 1/2 Acre |
ZoningDescription | D3 - Downtown Mixed Use |
https://www.realtor.ca/real-estate/27397391/15-21-wellington-street-n-hamilton-beasley-beasley
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