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$3,750,000
Available - For Sale
Listing ID: X13507234
Almost 1 acre of prime real estate fronting Highway 8, offering exceptional development potential. A site plan has been approved for over 34,000 sq. ft. of combined residential and commercial space, including a 4-storey mixed-use building with ground-floor commercial units and 45-60 parking spaces.The development allows for over 7,900 sq. ft. of commercial space, which can be subdivided into multiple units with excellent street and sign exposure. There is also potential for a secondary access via Millen Road, enhancing site circulation and accessibility.The residential component includes up to 24 units, ranging from approximately 600 to 1,000 sq. ft. each, designed to suit modern urban living.Ideally situated within a growing corridor surrounded by established residential neighbourhoods and businesses, this site presents a rare opportunity for near-term development. It offers convenient access to the QEW, Niagara Escarpment, and several planned future developments in the area.Additional upside includes the ability to generate income immediately from the fully tenanted existing commercial building on site, providing cash flow from day one.
Price $3,750,000
Taxes: $32,000.53
Tax Type: Annual
Occupancy by: Tenant
Address: 423 Highway 8 N/A , Hamilton, L8G 1G1, Hamilton
Postal Code: L8G 1G1
Province/State: Hamilton
Legal Description: PART LOTS 4, 5, 6, 7, 31 & 32 PLAN 639 P
Directions/Cross Streets: King St E and Hwy 8
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Washroom 11:  0
Washroom 12:  0
Washroom 13:  0
Washroom 14:  0
Washroom 15:  0
Category: Designated
Total Area: .92
Total Area Code:  Acres
Area Influences: Major Highway   Public Transit
Maintenance: 0
Sewers: Sanitary Availa
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ROYAL LEPAGE REAL ESTATE SERVICES PHINNEY REAL ESTATE

423 Highway 8 N/A , Hamilton, L8G 1G1, Hamilton

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Arash Salehrad
Broker
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(647)402-5949
Bus:
(905)508-9500
Fax:
(905)773-3861

 
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Type: Com - Land
Area: Hamilton
Municipality: Hamilton
Neighbourhood: Stoney Creek
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Lot Size: x 196.40(Feet)
Approximate Age:
Tax: $32,000.53
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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Personal Pic Arash Salehrad Broker pic arashsalehrad@gmail.com RE/MAX REALTRON REALTY INC., Brokerage Independently owned and operated. pic 13321 Yonge St., Unit 203, Richmond Hill, Ontario L4E 3L3 pic Office: (905)508-9500 | Fax: (905)773-3861 | Cell: (647)402-5949