$3,749,000
Available - For Sale
Listing ID: X13122058
15 WELLINGTON Street North , Hamilton, L8R 1M7, Hamilton
| Excellent investment and future redevelopment opportunity in the heart of Hamilton's evolving downtown core. Located steps from a future LRT station and adjacent to the International Village BIA, this substantial mixed-use asset offers nearly 20,000 sq. ft. including basement space, plus the exceptional rarity of a 40+ car parking lot - a highly valuable feature in this increasingly urban, transit-oriented corridor. The property is substantially leased to a strong and diverse tenant mix including F45 Training Hamilton Downtown, Red Rockets BBQ, established office users, additional commercial tenants, and four character-filled two-storey loft residences featuring exposed brick, post-and-beam construction, and authentic urban-industrial appeal. Existing vacancy also presents immediate upside potential for investors seeking to increase income and further optimize the asset over time. Positioned within Hamilton's highly flexible D3 Downtown Mixed Use zoning, the property permits a broad range of residential, commercial, institutional, entertainment, hospitality, and mixed-use redevelopment opportunities. The zoning framework encourages intensification through generous height permissions, minimal setbacks, pedestrian-oriented design, and transit-supportive density - making this an ideal candidate for future redevelopment as the surrounding downtown continues to transform. Whether viewed as a strategic land assembly, long-term hold, adaptive reuse opportunity, or income-producing redevelopment site, properties offering this combination of scale, parking, cashflow, zoning flexibility, and LRT adjacency are increasingly difficult to find. Purchasers may also wish to explore the rare opportunity to acquire the neighbouring property to the south, also available for sale, creating additional scale and future redevelopment potential along this rapidly evolving corridor. A rare opportunity to secure a landmark urban asset in one of Hamilton's most strategic growth corridors. |
| Price | $3,749,000 |
| Taxes: | $59233.00 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 15 WELLINGTON Street North , Hamilton, L8R 1M7, Hamilton |
| Postal Code: | L8R 1M7 |
| Province/State: | Hamilton |
| Legal Description: | LT 11-13 PL 214; PT LT 14 PL 214; PT LT |
| Directions/Cross Streets: | On the west side of Wellington Street North between King Street East and King William Street. |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Category: | Multi-Use |
| Building Percentage: | T |
| Total Area: | 13916.00 |
| Total Area Code: | Square Feet |
| Retail Area Code: | Sq Ft |
| Area Influences: | Public Transit |
| Franchise: | F |
| Sprinklers: | Yes |
| Washrooms: | 0 |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | Yes |
| Sewers: | None |
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| Corcoran Horizon Realty |
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At a Glance:
| Type: | Com - Commercial Retail |
| Area: | Hamilton |
| Municipality: | Hamilton |
| Neighbourhood: | Beasley |
| Tax: | $59,233 |
| Fireplace: | N |
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