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478&490 First Rd W
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$1 List $1 -
Sold on: 534 days ago
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Key Facts
Key facts for 478&490 First Rd W
Property Type
Commercial
Parking
None
MLS #
X7314438
Size
-
Basement
-
Listed on
-
Lot size
711 x 1315.60
Tax
$1,550.38 /yr
Days on Market
-
Approximate Age
-
Maintenance Fee
-
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 s...cale 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 **** Extras **** Legal desc: PT LT 26, CON 5 SALTFLEET , AS IN VM211178;SAVE & EXCEPT P 3 ON RE PLAN 62R-20281;STONEY CREEK CITY OF HAMILTON & PT LT 26, CON 5 SALTFLEET ,AS IN CD198611;SAVE & EXCEPT P 2 ON REF PLAN 62R-20281; STONEY CREEK CITY OF HAMILTON
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Courtesy of: AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP