Size
65535 sqft
Lot size
8.69 Hectares
Street frontage
E
Possession
-
Price per sqm
$0
Taxes
$1,550.38 (2023)
Parking Type
-
Style
-
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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 scale 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 townhouses) 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.
Broker: AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP
MLS®#: 40515073
Property details
Parking:
No
Parking type:
-
Property type:
-
Heating type:
-
Style:
-
MLS Size:
-
Lot front:
216.71 M
Lot depth:
400.81 M
Listed on:
Nov 20, 2023
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