$ 1
478&490 First RD W Hamilton, ON L8J 1X5
Save 
Share Schedule a Tour
REQUEST A TOUR
In-PersonVirtual Tour
REQUEST A TOUR
In-PersonVirtual Tour
$ 1
Est. payment | /mo
21 SqFt
$ 1
Est. payment | /mo
21 SqFt
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
Province 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
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
7885 Tranmere Dr Unit 1, Mississauga, Ontario, L5S1V8, CAN