202-196 UPPER MOUNT ALBION ROAD, Hamilton (Stoney Creek Mountain), Ontario, L8J1V4
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. (id:2471)
McConkey Real Estate Corp. Brokerage
- 705-875-5957
- 705-745-4321
- 705-745-4324
- john@mcconkeyrealestate.com
- Property Address: 202-196 UPPER MOUNT ALBION ROAD, Hamilton (Stoney Creek Mountain), Ontario, L8J1V4
- Community Name: Stoney Creek Mountain
- Property Type: Vacant Land
- Zoning Description: C5
- Lot Size: 285 x 200 FT
- Acreage: 285 x 200 FT
- Sewage Type: Sanitary sewer
- Water Type: Municipal water
- Maintenance Fee: 0.00
- Floor Space: 57350 sqft
Listing Office: ROYAL LEPAGE REAL ESTATE SERVICES LTD.
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