$1,330,000
2544 Highway 56 N/A Hamilton, ON L0R 1C0
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$1,330,000
Est. payment /mo
Price Dropped by $60K
2544 Highway 56 N/A Hamilton, ON L0R 1C0
UPDATED:
10/24/2024 08:08 PM
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID X8358862
Annual Tax Amount $3,804
Tax Year 2023
Property Description
REDEVELOPMENT site or convert house to office or retail and capture intensification up lift in the future. EXISITNG: "District Commercial" zoning and secondary plan designation permitting retail, personal service, financial establishment, offices, restaurants, medical clinics, studios, places of assembly, and motor vehicle related uses (including gas). Residential uses permitted 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 expected back from the City any day for proposed 9-storey, 96 unit building. Nearby OLT decision granted 6-Storeys.
Location
Province ON
County Hamilton
Zoning C6 E:337 E:570
Interior
Cooling Yes
Exterior
Utilities Available Yes
Parking Type Outside/Surface
Others
Security Features No
Listed by AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP
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