490 First RD W new Save Request In-Person Tour Request Virtual Tour
Hamilton,ON L8J 1X5
Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Square Footage 21 sqft
Price per Sqft $1,668,204
MLS Listing ID X11896515
Annual Tax Amount $1,550
Tax Year 2024
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.
Location
Province ON
County Hamilton
Community Stoney Creek Mountain
Area Hamilton
Zoning ND (Neighbourhood development)
Region Stoney Creek Mountain
City Region Stoney Creek Mountain
Exterior
Utilities Available Available