$8,199,900

About this home

Exceptional development opportunity in a high-traffic, high-demand commercial corridor, strategically positioned directly across from Cineplex and surrounded by established restaurants, cafés, and national retail. This prime parcel benefits from outstanding visibility, strong pedestrian activity, and a proven consumer base. The site currently features one commercial building and three residential dwellings, generating stable interim income to offset holding costs while development approvals and planning are advanced. Existing zoning supports two compelling development scenarios. The first contemplates a nine-storey mixed-use condominium with approximately 232 residential units and ground-floor commercial space. The second allows for two six-storey purpose-built rental buildings totalling 99 units, also with retail at grade and well positioned to leverage CMHC-backed rental financing programs. Both concepts align with the area's continued intensification, population growth, and sustained demand for mid-rise, transit-oriented residential living. With walkable amenities, strong demographics, and flexible mixed-use potential, this asset offers meaningful upside for developers and investors seeking either near-term execution or a strategic long-term hold in a thriving commercial node. Some photos are renderings. (id:65958)

Subtype

Vacant Land

Community

Stoney Creek Mountain

Living area

57,350 square feet

Lot dimensions

285 x 200 FT

On market

Feb 3, 2026

Status changed

Apr 21, 2026

Annual tax

$1

Zoning

C5

Photos

15

MLS#

X12754072

Area

HAMILTON_(STONEY_CREEK_MOUNTAIN)

Mortgage estimate