ON > Hamilton > Stoney Creek Mountain
Hamilton, ON L8J 1V4,202-196 Upper Mount Albion RD
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Jamie Black

Jamie Black

+1(416) 496-9220
$ 8,490,000
Est. payment /mo
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202-196 Upper Mount Albion RD Hamilton, ON L8J 1V4

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Key Details

Property Type Commercial

Sub Type Land

Listing Status Active

Purchase Type For Sale

Subdivision Stoney Creek Mountain

MLS Listing ID X12543904

Annual Tax Amount $1

Tax Year 2024

Property Sub-Type Land

Property Description

A rare opportunity to acquire a development parcel in a high-demand commercial corridor directly across from Cineplex, popular restaurants, cafés, and major retail. The property includes one commercial building and three residential houses, providing reliable holding income while future development plans are advanced. The current zoning supports two strong development directions. One option allows for a nine-storey condominium concept with approximately 232 residential units and main-floor commercial space. The second supports two six-storey purpose-built rental buildings totalling 99 units, also with commercial space at grade and well aligned with CMHC-favourable rental programs. Both concepts reflect the area's ongoing growth and the strong demand for mid-rise residential living. The site offers excellent exposure, walkable amenities, and a strong demographic base. Existing income from the on-site structures helps offset carrying costs, making this a suitable opportunity for developers planning immediate progress or a strategic long-term hold. With flexible mid-rise potential and a location within an active commercial hub, this parcel presents significant upside and long-term value for a forward-thinking developer or investor.

Location

Province ON

County Hamilton

Area Hamilton

Exterior

Utilities Available Yes

Lot Frontage 286.13

Lot Depth 200.0

Others

ParcelsYN No

Listed by RIGHT AT HOME REALTY
Jamie Black

Jamie Black

Sales Representative

+1(416) 496-9220

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202-196 Upper Mount Albion RD

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