$1,390,000

2544 Highway 56

Binbrook, Hamilton, Ontario, L0R 1C0

| | sq.ft. | Year Built: 51-99 |
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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.

Property Info
MLS®: X8358876
Listing Courtesy of AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP
Total Bedrooms 0
Total Bathrooms 0
Basement Y
Floor Space 0 sq.ft.
Lot Size 27402 sq.ft.
Style other
Last Updated 2024-08-13
Property Type Land
Listed Price $1,390,000
Unit Pricing $1,390,000/sq.ft.
Strata Fee $0.00
Tax Estimate $3,804/Year
Year Built 51-99
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