ON > Hamilton
Hamilton, ON L8J 1X5,490 First RD W
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Hamilton, ON L8J 1X5,490 First RD W
Hamilton, ON L8J 1X5,490 First RD W
Hamilton, ON L8J 1X5,490 First RD W
Hamilton, ON L8J 1X5,490 First RD W
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Jeff Somlo

Jeff Somlo

+1(647) 998-3693
$ 35,032,296
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490 First RD W Hamilton, ON L8J 1X5

21 SqFt

UPDATED:

12/18/2024 08:26 PM

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

Listed by Avison Young Commercial Real Estate Services, Brokerage
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490 First RD W