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    For Sale - 423 Highway 8 N/A, Hamilton, Ontario

    Est payment $18,007/mo
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    Views   4
    Time on Jump  51 day

    AI Summary *

    • Prime nearly one acre site with potential for development along Highway 8.
    • Approved plan for 34,000 sq. ft. mixed-use building with commercial units.
    • Opportunity for 24 residential units designed for modern living needs.
    • Strong street exposure and potential for more access via Millen Road.
    • Fully tenanted commercial building offers immediate income generation.




    Almost 1 acre of prime real estate fronting highway 8, offering exceptional development potential. A site plan has been approved for over 34,000 sq. Ft. Of combined residential and commercial space, including a 4-storey mixed-use building with ground-floor commercial units and 45-60 parking spaces. The development allows for over 7,900 sq. Ft. Of commercial space, which can be subdivided into multiple units with excellent street and sign exposure. There is also potential for a secondary access via millen road, enhancing site circulation and accessibility. The residential component includes up to 24 units, ranging from approximately 600 to 1,000 sq. Ft. Each, designed to suit modern urban living. Ideally situated within a growing corridor surrounded by established residential neighbourhoods and businesses, this site presents a rare opportunity for near-term development. It offers convenient access to the qew, niagara escarpment, and several planned future developments in the area. Additional upside includes the ability to generate income immediately from the fully tenanted existing commercial building on site, providing cash flow from day one.
    Listing IDX13507234
    Address423 Highway 8 N/A
    CityHamilton, Ontario
    Price$3,750,000
    StyleLand
    Land Size0.916
    TypeVacant Land
    StatusFor Sale

    Subtype LandCommunity Features Major Highway, Public TransitSewer Sanitary Available

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    Listing Agency:  ROYAL LEPAGE REAL ESTATE SERVICES PHINNEY REAL ESTATE

    * 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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    423 Highway 8 N/a
    Hamilton , Ontario
    $3,750,000
    Get more info