Land

490 First Rd, Hamilton, Ontario L8J 1X5

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Property Description

**NEARLY DPA’d & SHOVEL READY** The property, located in Phase 2 of the Nash Neighbourhood Secondary Plan, spans 13.25 acres of low-density, 3.25 acres of medium-density housing, and 5.0 acres of parkland, with a secondary plan permitted density range of 168 to 285 units. An application has been submitted for 195 units, comprising 28 single-family homes (33′ frontage), 28 street townhouses (20′ frontage), 68 freehold condo units (20′ frontage), 37 three-story townhouses (18′ frontage), and 34 back-to-back units. Stormwater management issues that delayed progress have been resolved, allowing the City of Hamilton to proceed with Draft Plan, Zoning, and UHOPA approvals. While a neighboring developer aims to proceed and secure approvals by early 2025, our client has elected to pause and let the buyer determine the final unit mix. Draft Plan Approval can be achieved within approximately eight months. Plus significant cost recoveries for SWMP/Parkland. **EXTRAS** **Interboard listing: Cornerstone – Waterloo Region**

Basic Details
Property Type : Land
Listing Type : For Sale
Listing ID : X11896515
Price : $35,032,296
Year Built : 0
Lot Area : 0 Sqft
Status : A
Days On Market : 61
Address
Postal Code : L8J 1X5
City : Hamilton
Street : First
Street Number : 490
Street Suffix : Rd
Floor Number : 0
Longitude : E0° 0' 0''
Latitude : N0° 0' 0''
Brokerage
Office Name : Avison Young Commercial Real Estate Services, Brokerage
Extra Information
address/street_dir_suffix : W
Area : Hamilton
living_area : 0
living_area_unit : Sqft
Community : Stoney Creek Mountain
Lease : Sale
Street Direction : W
Tax Year : 2024
Land For Sale
  • Listing ID : X11896515
  • Lot Area : 0 Sqft
  • Visits : 44 in 67 days
$35,032,296