2544 Hwy 56 N/A Image 1

$1,290,000

Nov 22, 2024Commercial Retail For Sale
bedroomsbed
washrooms0bath
MLS - #X10442814

2544 Hwy 56 N/A, Hamilton, ON L0R 1C0

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Property Description

Property type

Commercial Retail

Lot size

N/A

Style

Approx. Area

N/A

About 2544 Hwy 56 N/A

Motivated seller. REDEVELOPMENT site or convert house to office or retail and capture intensification up lift in the future. EXISITNG: "District Commercial" zoning and secondary plan designation permitting retail, personal service, financial establishment, offices, restaurants, medical clinics, studios, places of assembly, and motor vehicle related uses (including gas). Residential uses permitted above commercial provided less than 50% of the total gross floor area of a building (max height 3 storey). UPSIDE POTENTIAL: To accommodate Hamilton's forecasted growth part of the City's plan is 'Up Zoning of Urban Corridors and major and minor arterial roads to the missing middle which is considered 12 storeys or less. Subject property is on a major arterial road, adjacent to retail amenities, and residential only on 1-side, is an ideal candidate for 'Up Zoning. Formal consultation comments received back from the City, if apartment style residential is pursued, encouraged a 6-Storey pedestrian oriented building.

Home Overview

Last updated

Dec 2, 2024

Virtual tour

None

Basement information

Building size

0.645

Status

In-Active

Property sub type

Commercial Retail

Maintenance fee

$N/A

Year built

2024

Listed by AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP

Additional Details

Basement:N/A
Cooling:Yes
Heating:Gas Forced Air Open
Parking Features:N/A

MORTGAGE INFO

ESTIMATED PAYMENT

$0 Principal and Interest
$0 Property Taxes

Location

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Some information about this property - Hwy 56 N/A

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