490 First Rd W

**NEARLY DPA'd & SHOVEL READY** The property, located in Phase 2 of the Nash Neighbourhood Secondary Plan, spans 13.25 acres of low-density, 3.25 acres of medium-density housing, and 5.0 acres of parkland, with a secondary plan permitted density range of 168 to 285 units. An application has been submitted for 195 units, comprising 28 single-family homes (33' frontage), 28 street townhouses (20' frontage), 68 freehold condo units (20' frontage), 37 three-story townhouses (18' frontage), and 34 back-to-back units. Stormwater management issues that delayed progress have been resolved, allowing the City of Hamilton to proceed with Draft Plan, Zoning, and UHOPA approvals. While a neighboring developer aims to proceed and secure approvals by early 2025, our client has elected to pause and let the buyer determine the final unit mix. Draft Plan Approval can be achieved within approximately eight months. Plus significant cost recoveries for SWMP/Parkland. **EXTRAS** **Interboard listing: Cornerstone - Waterloo Region**.