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Sale
7 days on website
$1
Commercial
478&490 First Rd W
Hamilton, Stoney Creek L8J 1X5
No obligation, free tour cancelation.
Beds · 0
Baths · 0
Description
The Province of Ontario is reversing its November 2022 decision to expand Hamilton's urban boundary and is removing +/- 2,200 Hectares (5,434 Acres) of land supply for future housing stock. This unprecedented turn of events truly makes this a rare opportunity to acquire a land parcel of meaningful s...cale for near-term, residential, low-medium density development. Inside an approved Secondary Plan, the property is under a planning review / draft plan submission for +/- 195 units (single detached and townhouse) on 21.50 acres of Developable Land Area. The existing draft plan application can be approved in 12-months more or less for a builder seeking a reduced development timeline and a faster ROI. Or, the parcel is ready to be reimagined with higher density in line with the City's vision to not expand its urban boundary and build-up instead of build-out. Additional PIN:170972892 Additional ARN:251800351082200 **** Extras **** Legal desc: PT LT 26, CON 5 SALTFLEET , AS IN VM211178;SAVE & EXCEPT P 3 ON RE PLAN 62R-20281;STONEY CREEK CITY OF HAMILTON & PT LT 26, CON 5 SALTFLEET ,AS IN CD198611;SAVE & EXCEPT P 2 ON REF PLAN 62R-20281; STONEY CREEK CITY OF HAMILTON
General
Type
Commercial
Style
-
Approximate Age
-
Square Footage
-
Taxes
$1,550.38 /yr
Maintenance Fee
-
Est. mortgage
$0.0038/mo
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Courtesy of:
AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP