DOWNTOWN REDEVELOPMENT AND USER OPPORTUNITY 170 JACKSON STREET EAST, HAMILTON, ON
Investment Summary The Property Building Details 170 Jackson Street East Year Built 1950’s - 1960’s Avison Young has been retained on an exclusive basis to (renovated in early 2000’s) arrange the sale of 170 Jackson Street East, Hamilton, Ontario Total Site Area 0.25 acres (the “Property”). The Property is a 14,200 sf, single storey office building with a fully useable and built out basement Total GFA (incl. basement) 14,200 sf (approx.) level. The Property is strategically located in downtown Frontage 76.6 ft Hamilton, a couple blocks from the Hamilton GO Centre (a major train and bus terminal hub), and located close Zoning & Land Use to other popular amenities (e.g., Art Gallery, FirstOntario arena, etc.). The area is undergoing rapid gentrification and Official Plan Downtown Mixed Use Area redevelopment, with numerous government initiatives and Zoning D5 - Downtown Residential infrastructure projects commenced and/or planned, and (The Property is located in “Downtown Urban Growth Centre” various private residential and commercial developments under the City’s Urban Structure Elements guidelines) also underway. Financial Details Mortgage Status Treat as clear Office Price $ 1,500,000.00 14,200 sf, single storey office building with a fully functional and built out basement level.
Redevelopment Potential OP and zoning permit up to 12-storeys (subject to certain criteria) - adjacent sites (potentially for sale) make an excellent potential assembly for redevelopment.
Available for Immediate Occupancy Vacant building - Vendor intends to sell the Property along with much of the existing furnishings. Closing of any transaction to be after Vendor vacates the property - anticipated to be Q4-2020.
Ideal Location in Downtown Access to an abundance of amenities and transit including the Hamilton GO Centre Station and Regional Bus terminal (GO train, GO bus, etc.)
Tremendous Existing Infrastructure Existing backup generator and other UPS equipment included with the Property. Prior use was as a mission critical data centre - will appeal to similar users.
Avison Young Location
170 Jackson Street East is located in Downtown Hamilton, one block south of Main Street and within a 7 minute walk from the Hamilton GO Centre/train station. There are an abundance of amenities in the Downtown Core and the Property is within walking distance of many of them including Hamilton City Centre, City Hall, FirstOntario Centre and Concert Hall, and the Art Gallery of Hamilton. Hamilton’s transit system, HSR, operates numerous bus routes in the area providing the Property convenient access to the rest of the City.
Centre
Line E press easley Par
Concert Hall
in us City Hall
Main Street East in Street East Wellin ton Street North
amilton ac son Street East
ames Street South entre 170 Jackson Street East
Delaware us
Walnut Street South
The City of Hamilton
The City of Hamilton was established in 1846 and is part of the Greater Golden Horseshoe (“GGH”), one of the fastest growing regions in North America. Hamilton sits at the southwest corner of Lake Ontario and is less then a 50-minute drive to Downtown Toronto. The City has a population of 536,917 and has one of the lowest unemployment rates in the country.
Population Growth Tech Industry Economic Growth 7% growth over past 8 years, 52% tech growth in Most Diversified Economy in Canada - projected 30% increase by 2041 the past 5 years $1 billion in building permit values
FirstOntario Centre Hamilton GO Centre Hamilton City Hall Hamilton Convention Centre
170 Jackson Street East For more information please contact: Listing Agents Kelly Avison*, AACI, Principal Noah Avison†, Principal 416.673.4030 416.673.4033 [email protected] [email protected]
*Broker †Sales Representative
Avison Young Commercial Real Estate (Ontario) Inc. 18 York Street, Toronto, ON M5J 2T8 avisonyoung.ca Phone: 416.955.0000 Fax: 416.955.0724 avisonyoungcapitalmarkets.com
©2020 Avison Young Commercial Real Estate (Ontario) Inc., Brokerage The information contained herein was obtained from sources deemed reliable and is believed to be true; it has not been verified and as such, cannot be warranted nor form any part of any future contract.