Stoney Creek, ON L8J 1X5,478 & 490 First Road W
Stoney Creek, ON L8J 1X5,478 & 490 First Road W
Stoney Creek, ON L8J 1X5,478 & 490 First Road W
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21.5 Acres Lot
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478 & 490 First Road W Stoney Creek, ON L8J 1X5

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UPDATED:

09/26/2024 03:59 PM

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


Listed by AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP

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Diana Winger

Agent | License ID: BRBM2358

+1(226) 705-3369

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478 & 490 First Road W