202-196 Upper Mount Albion Road Hamilton, Ontario L8J 1V4
$8,490,000
A rare opportunity to acquire a development parcel in a high-demand commercial corridor directly across from Cineplex, popular restaurants, cafés, and major retail. The property includes one commercial building and three residential houses, providing reliable holding income while future development plans are advanced. The current zoning supports two strong development directions. One option allows for a nine-storey condominium concept with approximately 232 residential units and main-floor commercial space. The second supports two six-storey purpose-built rental buildings totalling 99 units, also with commercial space at grade and well aligned with CMHC-favourable rental programs. Both concepts reflect the area's ongoing growth and the strong demand for mid-rise residential living. The site offers excellent exposure, walkable amenities, and a strong demographic base. Existing income from the on-site structures helps offset carrying costs, making this a suitable opportunity for developers planning immediate progress or a strategic long-term hold. With flexible mid-rise potential and a location within an active commercial hub, this parcel presents significant upside and long-term value for a forward-thinking developer or investor. (id:61015)
Property Details
| MLS® Number | X12543904 |
| Property Type | Vacant Land |
| Neigbourhood | Trinity |
| Community Name | Stoney Creek Mountain |
Building
| Size Interior | 57,226 Ft2 |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 200 Ft |
| Size Frontage | 286 Ft ,1 In |
| Size Irregular | 286.13 X 200 Ft |
| Size Total Text | 286.13 X 200 Ft |
| Zoning Description | C5 |
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November 14 2025 06:23:16
Toronto Regional Real Estate Board
Right At Home Realty