478 & 490 First Road No longer available

Stoney Creek, Heritage Green, L8J 1X5

$1

Description

Listed by AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP.

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 townhouses) 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.

Location

View Map
  • Address: 478 & 490 First Road
  • Neighborhood: Heritage Green
  • City: Stoney Creek
  • State: ON
  • Postal Code: L8J 1X5

Property Details

  • Property ID: 40515073
  • Property Price: $1
  • Style: Residential, Land
  • Taxes: $1,550.38 (2023)
  • Acreage: 21.5 Acres
  • Lot: 1315.59x711.26 (Acres)
  • Exposure: East

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Contact Manoj Kukreja

Sales Representative, Re/max Premier Inc., Brokerage
(647) 576 - 2100