$3,750,000
Available - For Sale
Listing ID: X13507234
423 Highway 8 N/A , Hamilton, L8G 1G1, Hamilton
| 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: | $32000.53 |
| Tax Type: | Annual |
| Occupancy: | 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 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Designated |
| Total Area: | 0.92 |
| Total Area Code: | Acres |
| Area Influences: | Major Highway Public Transit |
| Washrooms: | 0 |
| Sewers: | Sanitary Availa |
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| ROYAL LEPAGE REAL ESTATE SERVICES PHINNEY REAL ESTATE |
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Hala Elkilany
Sales Representative
Dir:
647-502-2121
Bus:
905-731-2000
Fax:
905-886-7556
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Land |
| Area: | Hamilton |
| Municipality: | Hamilton |
| Neighbourhood: | Stoney Creek |
| Tax: | $32,000.53 |
| Fireplace: | N |
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