2544 Highway 56 Highway

2544 Highway 56 Highway
2544 Highway 56 Highway
2544 Highway 56 Highway
+2
* This unit size is calculated from property.ca data
$1,290,000
Instant Estimate Not Available
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$1,290,000
Instant Estimate Not Available
* This unit size is calculated from property.ca data
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Size
28096 sqft
Lot size
-
Street frontage
W
Possession
-
Price per sqm
$494
Taxes
$3,342.1 (2023)
Parking Type
-
Style
-
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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:
No
Parking type:
-
Property type:
-
Heating type:
-
Style:
-
MLS Size:
-
Lot front:
44.2 M
Listed on:
Nov 22, 2024
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Instant estimate:
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Arjun Sanilkumar
Sales Representative
Property.ca Inc., Brokerage
© Property.ca Inc., Brokerage
MLS#: 40677586
Listed by AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP

About 2544 Highway 56 Highway

2544 Highway 56 Highway is a Binbrook detached house for sale right off Fall Fair Way. 2544 Highway 56 Highway has an asking price of $1290000, and has been on the market since November 2024. This detached house is 28096 Squa.

Looking for your next favourite place to eat? There is a lot close to 2544 Hwy 56, Glanbrook.Grab your morning coffee at Tim Hortons located at 2651 Binbrook Rd E. Groceries can be found at FreshCo which is a 5-minute drive and you'll find Archway to Renewal nearby as well. 2544 Hwy 56, Glanbrook is a short walk from great parks like Binbrook Park and Jackson Heights Park.

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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