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$ 8,490,000
Est. payment | /mo
$ 8,490,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Subdivision Stoney Creek Mountain
MLS Listing ID X12543904
Annual Tax Amount $1
Tax Year 2024
Property Sub-Type Land
Property Description
A rare opportunity to acquire a development parcel in a high-demand commercial corridor directly across from Cineplex, popular restaurants, cafés, and major retail. The property includes one commercial building and three residential houses, providing reliable holding income while future development plans are advanced. The current zoning supports two strong development directions. One option allows for a nine-storey condominium concept with approximately 232 residential units and main-floor commercial space. The second supports two six-storey purpose-built rental buildings totalling 99 units, also with commercial space at grade and well aligned with CMHC-favourable rental programs. Both concepts reflect the area's ongoing growth and the strong demand for mid-rise residential living. The site offers excellent exposure, walkable amenities, and a strong demographic base. Existing income from the on-site structures helps offset carrying costs, making this a suitable opportunity for developers planning immediate progress or a strategic long-term hold. With flexible mid-rise potential and a location within an active commercial hub, this parcel presents significant upside and long-term value for a forward-thinking developer or investor.
Location
Province ON
County Hamilton
Community Stoney Creek Mountain
Area Hamilton
Exterior
Utilities Available Yes
Lot Frontage 286.13
Lot Depth 200.0
Others
ParcelsYN No
Listed by RIGHT AT HOME REALTY
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