2544 Highway 56 Highway

2544 Highway 56 Highway
2544 Highway 56 Highway
2544 Highway 56 Highway
+2
$1,150,000
Instant Estimate Not Available
For Sale
8 days
 on site
$1,150,000
Instant Estimate Not Available
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Size
-
Lot size
-
Street frontage
-
Possession
-
Price per sqft
-
Taxes
$3,342.1 (2023)
Parking Type
-
Style
Land - (Resident
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Description
EXISTNG: "District Commercial" zoning and secondary plan designation permitting retail, personal service, financial establishment, offices, restaurants, medical clinics, studios, places of assembly, and motor vehicle related uses (including gas). Residential uses permitted above commercial uses provided less than 50% of the total gross floor area of a building (max height 3-storey) UPSIDE: To accommodate Hamilton’s forecasted growth over the next 30 years, a significant amount of intensification will need to occur across the built-up area. Part of the City's plan is 'Up Zoning’ of Urban Corridors and major and minor arterial roads to the ‘missing middle’ which is considered 12 stories or less. The on-going Residential Zones Project, is currently at Phase 2 which has introduced two new Mid Rise Residential Zones (R3 and R3a), allowing denser uses on arterial roads. The next step is to apply the R3 and R3a Zones to properties along arterial roads. This could occur as early as November 2024. Subject property is on a major arterial road, adjacent to retail amenities, and residential only on 1-side, is an ideal candidate for 'Up Zoning’. In fact, current ownership has begun the process of exploring increased density formal consultation comments received back from the City, if apartment style residential is pursued, encouraged a 6-storey, pedestrian oriented building. Nearby OLT decision has set precedent granting 6-storey development.
Broker: AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP
MLS®#: 40677586
Property details
Parking:
-
Parking type:
-
Property type:
Vacant Land
Heating type:
-
Style:
Land - (Resident
MLS Size:
-
Lot front:
145 Ft
Listed on:
Apr 17, 2025
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Instant estimate:
Not Available

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About 2544 Highway 56 Highway

2544 Highway 56 Highway is a Binbrook vacant lot for sale. It has been listed at $1150000 since April 2025

There are a lot of great restaurants around 2544 Hwy 56, Glanbrook. If you can't start your day without caffeine fear not, your nearby choices include Tim Hortons. Groceries can be found at FreshCo which is a 5-minute drive and you'll find Binbrook Medical Centre not far as well. For nearby green space, Binbrook Park and Jackson Heights Park could be good to get out of your vacant lot and catch some fresh air or to take your dog for a walk.

Getting around the area will require a vehicle, as the nearest transit stop is a Bus Stop (RYMAL at WALMART) and is a 7-minute drive

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