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478&490 First RD W Hamilton, ON L8J 1X5
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21 SqFt
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478&490 First RD W Hamilton, ON L8J 1X5
UPDATED:
05/17/2024 02:43 PM
Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Square Footage 21 sqft
Price per Sqft $0
MLS Listing ID X7314438
Annual Tax Amount $1,550
Tax Year 2023
Property 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 townhouse) 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.
Additional PIN:170972892
Additional ARN:251800351082200
Inside an approved Secondary Plan, the property is under a planning review / draft plan submission for +/- 195 units (single detached and townhouse) 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.
Additional PIN:170972892
Additional ARN:251800351082200
Location
State ON
County Hamilton
Zoning ND (Neighbourhood Development)
Exterior
Utilities Available Available
Parking Type None
Others
Security Features No
Listed by AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP
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