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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 X12754072
Annual Tax Amount $1
Tax Year 2025
Property Sub-Type Land
Property Description
Exceptional development opportunity in a high-traffic, high-demand commercial corridor, strategically positioned directly across from Cineplex and surrounded by established restaurants, cafés, and national retail. This prime parcel benefits from outstanding visibility, strong pedestrian activity, and a proven consumer base. The site currently features one commercial building and three residential dwellings, generating stable interim income to offset holding costs while development approvals and planning are advanced. Existing zoning supports two compelling development scenarios. The first contemplates a nine-storey mixed-use condominium with approximately 232 residential units and ground-floor commercial space. The second allows for two six-storey purpose-built rental buildings totalling 99 units, also with retail at grade and well positioned to leverage CMHC-backed rental financing programs. Both concepts align with the area's continued intensification, population growth, and sustained demand for mid-rise, transit-oriented residential living. With walkable amenities, strong demographics, and flexible mixed-use potential, this asset offers meaningful upside for developers and investors seeking either near-term execution or a strategic long-term hold in a thriving commercial node. Some photos are renderings.
Location
Province ON
County Hamilton
Area Hamilton
Zoning C5
Exterior
Utilities Available Yes
Building
Lot Description Lot
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