478&490 First W Rd, Hamilton, Ontario L8J 1X5

  • $1
478&490 First W Rd, Hamilton, Ontario L8J 1X5

Overview

Property ID: X7314438
  • Commercial Sale, Unimproved Land
  • Property Type
  • 21.5
  • Sqft

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

  • Address 478&490 First W Rd
  • City Hamilton
  • State/county Ontario
  • Zip/Postal Code L8J 1X5
  • Area Stoney Creek

Details

Updated on May 17, 2024 at 10:43 am
  • Property ID: X7314438
  • Price: $1
  • Property Size: 21.5 Sqft
  • Garage Size: x x
  • Property Type: Commercial Sale, Unimproved Land
  • Property Status: Active
  • MLS#: X7314438

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