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423 Highway 8, Stoney Creek, ON

Name: 423 Highway 8, For Sale in Stoney Creek - eXp Realty
Brand: ROYAL LEPAGE REAL ESTATE SERVICES PHINNEY REAL EST
SKU: X13746906
Price: 3750000 CAD

House

For Sale

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MLS® X13746906

Property Details
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Description

Almost 1 acre of prime real estate fronting Highway 8, offering exceptional development potential. A site plan has been approved for over 34, 000 sq. ft. of combined residential and commercial space, including a 4-storey mixed-use building with ground-floor commercial units and 45-60 parking spaces.The development allows for over 7, 900 sq. ft. of commercial space, which can be subdivided into multiple units with excellent street and sign exposure. There is also potential for a secondary access via Millen Road, enhancing site circulation and accessibility.The residential component includes up to 24 units, ranging from approximately 600 to 1, 000 sq. ft. each, designed to suit modern urban living.Ideally situated within a growing corridor surrounded by established residential neighbourhoods and businesses, this site presents a rare opportunity for near-term development. It offers convenient access to the QEW, Niagara Escarpment, and several planned future developments in the area. Take advantage of the recently announced LIMITED TIME government incentive in reduction of development fees only available to Hamilton area developments! Additional upside includes the ability to generate income immediately from the fully tenanted existing commercial building on site, providing cash flow from day one. (id:58753)Show Description

Key Facts

Levels Land

Size 1 sqft

Taxes $32,926

Days Active 1

Lot Size 0.916 Acres

Avg. Price Per Sqft $3,750,000

MLS® Number X13746906

Central VacNo

FireplaceNo

Additional Information

Landscaping Irregular lot size

Price History

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