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MLS® X13507234
Hamilton, ON
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.
Broker
ROYAL LEPAGE REAL ESTATE SERVICES PHINNEY REAL ESTATE
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Land
423 Highway 8 Hamilton
Hamilton
Type
Land
Property Tax
~$32,001/yr
Buying Essentials
Square Feet
1 sqft
Finances
List Price
$3,750,000
Price per SQFT
$3,750,000/sqft
Property Tax
~$32,001/yr
Property Specs
Property Type
Land
MLS Size
1 sqft
Policies & Utilities
Neighbourhood
Hamilton
Listed On
Jun 30, 2026
Major Highway
Public Transit
Days on Market
Current: 131 days
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