2544 Highway 56

2544 Highway 56
2544 Highway 56
2544 Highway 56
+5
* This unit size is calculated from property.ca data
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$1,490,000
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* This unit size is calculated from property.ca data
Size
28096 sqft
Lot size
-
Street frontage
W
Possession
-
Price per sqm
$571
Taxes
$3,804.1 (2023)
Parking Type
-
Style
-
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Description
Retail Land available for sale. 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 POTENTIAL: 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 storeys 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 and is expecting formal consultation comments back any day now for a proposed 9-storey, 96 unit, mixed use building.
Broker: AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP
MLS®#: 40592749
Property details
Parking:
No
Parking type:
-
Property type:
-
Heating type:
-
Style:
-
MLS Size:
-
Lot front:
44.2 M
Listed on:
May 20, 2024
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Gabor Hess
Sales Representative
Property.ca Inc., Brokerage
© Property.ca Inc., Brokerage
MLS#: 40592749
Listed by AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP

About 2544 Highway 56

2544 Highway 56 is a Binbrook other for sale right off Fall Fair Way. This 28096 Squa other was listed at $1490000 in May 2024 and is 28096 Squa.

For those that love cooking, FreshCo is a short distance away.

Getting around the area will require a vehicle, as there are no nearby transit stops.

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