490 First Road W

490 First Road W
490 First Road W
490 First Road W
+25
* This unit size is calculated from property.ca data
$35,032,296
Instant Estimate Not Available
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$35,032,296
Instant Estimate Not Available
* This unit size is calculated from property.ca data
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Size
65535 sqft
Lot size
8.69 Hectares
Street frontage
E
Possession
-
Price per sqm
$5,754
Taxes
$1,550.38 (2024)
Parking Type
-
Style
-
See what's nearby
Description
**NEARLY DPA'd & SHOVEL READY** The property is situated in Phase 2 of the Nash Neighbourhood Secondary Plan, covering 13.25 acres designated for low-density housing, 3.25 acres for medium-density housing, and 5.0 acres for parkland. The Secondary Plan allows for a density range of 168 to 285 residential units. The current ownership has submitted an application proposing 195 units. This includes 28 single-family homes with 33-foot frontages, 28 street townhouses with 20-foot frontages, 68 freehold condominium units with 20-foot frontages, 37 three-story townhouses with 18-foot frontages, and 34 back-to-back units. Stormwater management issues in Phase 2 needed resolution before moving forward with Draft Plan Approval. These issues have been addressed through recent studies, allowing the City of Hamilton to proceed with Draft Plan, Zoning, and Urban Hamilton Official Plan Amendment (UHOPA) approvals. While a neighboring developer is working towards securing planning approvals by early 2025, the current ownership has opted to pause, giving the buyer the flexibility to determine the final unit mix. It is estimated that Draft Plan Approval could be obtained within approximately eight months. PLUS significant surplus cost recoveries for SWMP and Parkland. VTB possible. Call for details.
Broker: AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP
MLS®#: 40685345
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:
Dec 16, 2024
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Instant estimate:
Not Available

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Gabor Hess
Sales Representative
Property.ca Inc., Brokerage
© Property.ca Inc., Brokerage
MLS#: 40685345
Listed by AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP

About 490 First Road W

Located at 490 First Road W, this Stoney Creek detached house is available for sale. 490 First Road W has an asking price of $35032296, and has been on the market since December 2024. This detached house is 65535 Squa.

Groceries can be found at Chelsey Cakes which is a 5-minute walk and you'll find Lancaster Medical Group a 4-minute walk as well. If you're an outdoor lover, detached house residents of 490 First Rd W, Stoney Creek are only an 8 minute walk from Battlefield Park Open Space and Veevers Park.

If you are looking for transit, don't fear, there is a Bus Stop (GREENHILL at SUMMERCREST) a 5-minute walk.

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