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    For Sale - 202-196 Upper Mount Albion Road, Hamilton, Ontario

    Est payment $40,336/mo
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    Views   2
    Time on Jump  58 day

    AI Summary *

    • Prime location in a high-traffic commercial area with great visibility.
    • Current structures generate income while development plans are underway.
    • Flexible zoning supports multiple development scenarios for diverse needs.
    • Nearby amenities boost appeal for future residents and businesses.
    • Strong demand for mid-rise housing in a growing community.




    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.
    Listing IDX12754072
    Address202-196 Upper Mount Albion Road
    CityHamilton, Ontario
    Price$8,399,900
    StyleLand
    TypeVacant Land
    StatusFor Sale

    Subtype LandSewer Sanitary

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    Listing Agency:  ROYAL LEPAGE REAL ESTATE SERVICES LTD.

    * 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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    202-196 Upper Mount Albion Road
    Hamilton , Ontario
    $8,399,900
    Get more info