478 & 490 First Road W Active Save Request In-Person Tour Request Virtual Tour
Stoney Creek,ON L8J 1X5
Key Details
Property Type Single Family Home
Sub Type Residential
Listing Status Active
Purchase Type For Sale
MLS Listing ID 40515073
Originating Board Waterloo Region
Annual Tax Amount $1,550
Lot Size 21.500 Acres
Acres 21.5
Property Description
The Province of Ontario is reversing its November 2022 decision to expand Hamilton's urban boundary and is removing +/- 2,200 Hectares (5,434 Acres) of land supply for future housing stock. This unprecedented turn of events truly makes this a rare opportunity to acquire a land parcel of meaningful scale for near-term, residential, low & medium density development.
Inside an approved Secondary Plan, the property is under a planning review / draft plan submission for +/- 195 units (single detached and townhouses) on 21.50 acres of Developable Land Area. The existing draft plan application can be approved in 12-months more or less for a builder seeking a reduced development timeline and a faster ROI. Or, the parcel is ready to be reimagined with higher density in line with the City’s vision to not expand its urban boundary and build-up instead of build-out.
Location
Province ON
County Hamilton
Area 50 - Stoney Creek
Zoning ND (Neighbourhood Development)
Direction Highway 403 to Lincoln Alexander Parkway to Mud Street to First Road West
Rooms
Kitchen 0
Interior
Fireplace No
Exterior
Utilities Available Electricity Available,Natural Gas Available,Phone Available
Waterfront No
Lot Frontage 711.26
Lot Depth 1315.59
Garage No
Building
Lot Description Urban,Highway Access
Faces Highway 403 to Lincoln Alexander Parkway to Mud Street to First Road West
Sewer Sewer (Municipal)
Water Municipal
New Construction No
Others
Senior Community false
Tax ID 170972894
Ownership Freehold/None