Land For Sale - 2544 Hwy 56, Hamilton, Ontario L0R 1C0

location_on 2544 Hwy 56, Hamilton

Land

2544 Hwy 56

Hamilton, Ontario L0R 1C0

$1,290,000

For Sale

Property Information

REDEVELOPMENT site. Existing district commercial zoning permits residential uses above commercial provided less than 50% of the total gross floor area of a building (max height 3 storey). UPSIDE POTENTIAL: To accommodate Hamilton’s forecasted growth 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 storeys or less. 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. Formal consultation comments back from the City encouraged a 6-storey, pedestrian focused development. Existing house on the property can be rented out for residential/retail/office for holding income and land held for future bump that comes with residential intensification.

Basic Details
Property Type : Land
Listing Type : For Sale
Listing ID : X10442803
Price : $1,290,000
Year Built : 0
Lot Area : 0 Sqft
Status : A
Days On Market : 0
Address
Postal Code : L0R 1C0
City : Hamilton
Street : Hwy 56
Street Number : 2544
Floor Number : 0
Longitude : W80° 11' 8.3''
Latitude : N43° 5' 51.3''
Features
Heating System : Gas Forced Air Open
Elevator : None
Brokerage
Office Name : AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP
Extra Information
Air Conditioning : Y
Area : Hamilton
living_area : 0
living_area_unit : Sqft
Community : Binbrook
Lease : Sale
Tax Year : 2024

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2544 Hwy 56 Hamilton, Ontario L0R 1C0