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Type: Store W/Apt/Office
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Property Type: Commercial
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Zoning: C5
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Age: No Data
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Taxes: 13977.76
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MLS®#: X9364027
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Days on Site: 32 Days
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Added: Sep 23, 2024 (1 month ago)
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Updated:
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Last Checked: 8 hours ago
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Listed By: COLDWELL BANKER INTEGRITY REAL ESTATE INC.
This prime property in the heart of Waterdown is an incredible development-ready opportunity. With both Phase 1 and Phase 2 Environmental Assessments completed in June 2024, the property has a clean status, making it ideal for entrepreneurs, investors, or developers looking to capitalize on a high-demand location.Spanning 0.55 acres on a prominent corner lot on Dundas Street (Hwy 5), this property offers 2,400 square feet of flexible space that seamlessly combines commercial and residential possibilities. Zoned C5 for commercial use, it also includes a unique provision for auto sales and services, with over 60 surface parking spots, perfect for accommodating high traffic. This property has potential for those who want to live and work in one location or use it solely as a business investment.Attached to the commercial space is a charming residential unit with three bedrooms, three bathrooms, and three kitchens. This setup provides flexible options for rental income or housing for staff. Additionally, the City of Hamilton has indicated that future residential redevelopment may be possible, making this property even more appealing.With the current owner now retiring, this is a golden chance to secure a valuable asset in a fast-growing area. Don't miss this unique investment opportunity in Waterdown vibrant core!
Extras
PREDOMINANT EXPOSURE - NORTH, CORNER LOT, FREE ON SITE, ZONED FOR COMMERCIAL USE, OFFICIAL PLAN DESIGNATED - MIXED USE (INCLUDING RESIDENTIAL), REAR ACCESS - LANE. HEAVY TRAFFIC PATTERN.
Property
Status: Sale
Property Type: Store W/Apt/Office
Property Type: Store With Apt/Office
Area: Hamilton
Community: Waterdown
Availability Date: TBA
Inside
Air Conditioning: Y
Utilities
Utilities: Yes
Building
Basement: Y
Heat Type: Gas Forced Air Closd
UFFI: No
Energy Certificate: N
Green Verification Status: N
Freestanding: Y
Outside Storage: Y
Water Supply: Municipal
Parking
Garage Type: In/Out
Fees
Tax Year: 2024
Tax Legal Description: Pt Lt 8, Con 3 East Flamborough , As In Vm65927 ;
Taxes: $13,978
Taxes Type: Annual
Land
Cross Street: Dundas St. E / Hamil
Municipality District: Hamilton
Parcel Number: 174980163
Lot Depth: 173.77 Feet
Lot Frontage: 136.84 Feet
Zoning: C5
Shipping Doors
Clearing Height (in): 10
Commercial Specific
Retail Area: 2400
Retail Area Metric: Sq Ft
Sprinklers: N
Total Area: 23777
Total Area Metric: Sq Ft
Office Size: 1800
Office Size Metric: Sq Ft
Area Influence: Major Highway
Area Influence: Public Transit
Lot Code: Lot
Aldershot Elementary School
Elementary: PublicSt. Thomas Catholic Elementary School
Elementary: CatholicMary Hopkins Public School
Elementary: PublicAllan A Greenleaf Elementary
Elementary: PublicGuardian Angels Catholic Elementary School
Elementary: CatholicGuy B Brown Elementary Public School
Elementary: PublicTurning Point School
Secondary: PublicÉcole secondaire Georges-P-Vanier
Secondary: PublicAldershot High School
Secondary: PublicSir John A Macdonald Secondary School
Secondary: PublicWaterdown District High School
Secondary: PublicWestdale Secondary School
Secondary: Public
