490 First Road West, Hamilton | Image 1

490 First Road West

Hamilton, Stoney Creek Mountain

  • Commercial

$XX,XXX,XXX
For Sale

Added 5 days ago

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  • Type: Land

  • Property Type: Commercial

  • Business Type: Residential

  • Zoning: ND (Neighbourhoo

  • Age: No Data

  • Taxes: 1550.38

  • MLS®#: X11896515

  • Days on Site: 2 Days

  • Added: Dec 16, 2024 (5 days ago)

  • Updated:

  • Last Checked: 3 hours ago

  • Listed By: Avison Young Commercial Real Estate Services, Brokerage

**NEARLY DPA'd & SHOVEL READY** The property, located in Phase 2 of the Nash Neighbourhood Secondary Plan, spans 13.25 acres of low-density, 3.25 acres of medium-density housing, and 5.0 acres of parkland, with a secondary plan permitted density range of 168 to 285 units. An application has been submitted for 195 units, comprising 28 single-family homes (33' frontage), 28 street townhouses (20' frontage), 68 freehold condo units (20' frontage), 37 three-story townhouses (18' frontage), and 34 back-to-back units. Stormwater management issues that delayed progress have been resolved, allowing the City of Hamilton to proceed with Draft Plan, Zoning, and UHOPA approvals. While a neighboring developer aims to proceed and secure approvals by early 2025, our client has elected to pause and let the buyer determine the final unit mix. Draft Plan Approval can be achieved within approximately eight months. Plus significant cost recoveries for SWMP/Parkland.

Extras

**Interboard listing: Cornerstone - Waterloo Region**

Property

  • Status: Sale

  • Type: Residential

  • Property Type: Land

  • Property Type: Designated

  • Area: Hamilton

  • Community: Stoney Creek Mountain

  • Availability Date: Flexible

Utilities

  • Utilities: Available

Building

  • Water Supply: Municipal

Fees

  • Tax Year: 2024

  • Tax Legal Description: PT LT 26, CON 5 SALTFLEET , AS IN VM211178 ; SAVE & EXCEPTPART 3

  • Taxes: $1,550

  • Taxes Type: Annual

Land

  • Cross Street: Green Mountain Rd &

  • Municipality District: Hamilton

  • Parcel Number: 170972892

  • Sewer: San+Storm Avail

  • Lot Depth: 1315.6 Feet

  • Lot Frontage: 711.26 Feet

  • Zoning: ND (Neighbourhoo

Commercial Specific

  • Total Area: 21.5

  • Total Area Metric: Acres

  • Lot Code: Lot

Map of 490 First Road West, Hamilton
JK-8

R L Hyslop Elementary School

Elementary: Public
1.37 km
JK-5

Sir Isaac Brock Junior Public School

Elementary: Public
1.90 km
JK-8

Green Acres School

Elementary: Public
1.64 km
JK-5

Glen Echo Junior Public School

Elementary: Public
2.05 km
JK-8

St. David Catholic Elementary School

Elementary: Catholic
1.94 km
JK-8

Sir Wilfrid Laurier Public School

Elementary: Public
1.66 km
9-12

Delta Secondary School

Secondary: Public
4.96 km
Pre-Grade 9-12

Glendale Secondary School

Secondary: Public
2.02 km
Pre-Grade 9-12

Sir Winston Churchill Secondary School

Secondary: Public
3.77 km
9-12

Saltfleet High School

Secondary: Public
2.77 km
9-12

Cardinal Newman Catholic Secondary School

Secondary: Catholic
2.68 km
9-12

Bishop Ryan Catholic Secondary School

Secondary: Catholic
4.59 km