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Listed by Michael Phinney • Royal LePage Real Estate Services Phinney Real Estate
$3,750,000
Est. payment /mo
2,147 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Building and Land
Listing Status Active
Purchase Type For Sale
Square Footage 2,147 sqft
Price per Sqft $1,746
MLS Listing ID 40844255
Abv Grd Liv Area 2,147
Annual Tax Amount $32,000
Lot Size 0.916 Acres
Acres 0.916
Property Sub-Type Building and Land
Source Cornerstone
Property Description
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.
Location
Province ON
County Hamilton
Area 51 - Stoney Creek
Zoning ER3
Direction HWY 8 / MARGARET AVE
Rooms
Basement Full
Kitchen 0
Interior
Fireplace No
Exterior
Lot Frontage 200.29
Lot Depth 196.4
Garage No
Building
Lot Description Public Transit
Faces HWY 8 / MARGARET AVE
Story 4
Sewer Sewer (Municipal)
Water Municipal
New Construction No
Others
Senior Community No
Tax ID 173410431
Ownership Freehold/None
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