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About the Listing 241400 -
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.
Listing Highlights
Status
Active
Days on Site
15
Property Type
Vacant Land
MLS ®
X13507234
Year Built
Total Square Footage
0
Lot/Acreage
0.92
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Roof:
- Others:
- Sewer: Sanitary Available
- Parking Features: No Garage
Financial Details
- Tax Amount: $32,001
- Taxes w/Assessments: N/A
- Tax/Property ID: 173410431
- Tax Year: 2026
Payment Calculator
Monthly Payment
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Questions About..
423 Highway 8 N/A Hamilton, ON L8G 1G1
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