2544 Hwy 56

Hamilton | Binbrook | L0R 1C0
  • 0.65 sqft
  • 0 gar

$1,290,000

Est. Mtg $4,374 /mo
  • Days on market

    3

  • Status

    A

Listing Broker AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP
Since listed: 0 views

Home details

MLS #:

X10442803

Property type:
Land
Style:
Taxes:
$3,324
Possession:
Immediate
Condo Fee:
Lot Size:
145.6 X 188.2
Zoning:
C6 E:337 E:570
Use:
Residential
Heat:
Gas Forced Air Open

Description


2544 Hwy 56, , Hamilton, Ontario is a Land property in Hamilton and in the Binbrook community in the L0R 1C0 postal code


REDEVELOPMENT site. Existing district commercial zoning permits residential uses above commercial provided less than 50% of the total gross floor area of a building (max height 3 storey). UPSIDE POTENTIAL: To accommodate Hamilton's forecasted growth part of the City's plan is 'Up Zoning of Urban Corridors and major and minor arterial roads to the missing middle which is considered 12 storeys or less. Subject property is on a major arterial road, adjacent to retail amenities, and residential only on 1-side, is an ideal candidate for 'Up Zoning. Formal consultation comments back from the City encouraged a 6-storey, pedestrian focused development. Existing house on the property can be rented out for residential/retail/office for holding income and land held for future bump that comes with residential intensification..

Extras

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Payment calculator

$4651 monthly. In association with: TD Bank
%
  • Principal and Interest
    4374 /mo
  • Property Taxes
    $277 /mo
  • Yearly Condo Fees
    $0

* These results are not provided by offerHunt.ca and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

P2 Realty Inc. Brokerage

P2 Realty Brokerage

www.offerHunt.ca

Raymond Chin, Realtor

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