2544 Highway 56 Highway

2544 Highway 56 Highway
2544 Highway 56 Highway
2544 Highway 56 Highway
+3
* 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
2545.64 sqm
Street frontage
W
Possession
-
Price per sqm
$494
Taxes
$3,342.1 (2024)
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®#: 40680205
Property details
Parking:
No
Parking type:
-
Property type:
-
Heating type:
-
Style:
-
MLS Size:
-
Lot front:
44.2 M
Lot depth:
57.3 M
Listed on:
Nov 22, 2024
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Instant estimate:
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2544 Highway 56
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Arjun Sanilkumar
Sales Representative
Property.ca Inc., Brokerage
© Property.ca Inc., Brokerage
MLS#: 40680205
Listed by AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP

About 2544 Highway 56 Highway

2544 Highway 56 Highway is, near Fall Fair Way. It has been listed at $1290000 since November 2024. This other listing is 28096 Squa.

2544 Hwy 56, Glanbrook is a 3-minute walk from Tim Hortons for that morning caffeine fix and if you're not in the mood to cook, Binbrook Pizza is near this other. Groceries can be found at FreshCo which is a 5-minute drive and you'll find Archway to Renewal a short distance away as well. Love being outside? Look no further than Binbrook Park and Jackson Heights Park, which are both only steps away.

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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