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    For Sale - 16 Cannon Street, Hamilton, Ontario

    Est payment $16,807/mo
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    Views   2
    Time on Jump  24 day

    AI Summary *

    • Premier redevelopment site in downtown Hamilton with great potential.
    • Conditionally approved for 16-storey, 130-unit residential tower.
    • Walking distance to major transit options, enhancing connectivity.
    • Opportunity to increase development height for additional density.
    • Competitive land cost makes it an attractive investment.




    16 cannon street east represents a premier high-density redevelopment site in the heart of downtown hamilton. The site is conditionally approved for a 16-storey, 130-unit residential tower totaling 89,066 sf of gfa. It is ideally situated within walking distance of west harbour go, hamilton go centre, and the upcoming lrt stop, offering unmatched transit connectivity. The current use is a legally nonconforming 8-unit apartment building. The vendor makes no representations and warranties. Sold "as is, where is. Potential 132,000 sf high-density development opportunity in downtown hamilton. A new owner has the ability to take the site back to the committee of adjustment and apply for additional height, unlocking up to 132,000 sf of total gross floor area (gfa). This aligns with downtown hamilton's high-rise intensification policies that support up to 30 storeys. The opportunity allows for significant added density at a competitive land cost of approximately $35 per buildable square foot.
    Listing IDX13432900
    Address16 Cannon Street
    CityHamilton, Ontario
    Price$3,500,000
    Style2-Storey, Multiplex
    ConstructionAluminum Siding
    Land Size0.217
    TypeMulti-Family
    StatusFor Sale

    Subtype MultiplexIndoor Features OtherOutdoor Features Controlled EntryOwnership FreeholdBasement OtherFoundation UnknownHeating / Cooling OtherHeating Fuel OtherSewer Sewer

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    Listing Agency:  AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    16 Cannon Street
    Hamilton , Ontario
    $3,500,000
    Get more info