Description

Residential infill lot zoned and for 7 Freehold townhouse units . Located at the corner of Rymal Road and Springside Drive. Lot size frontage 168ft x180 ft . 11 Springside was rezoned from B to RT-30/H (street Townhouse) District . Holding to permit the development of seven street townhouses approved by City of Hamilton Planning Committee in late 2022 under application ZAC -19-056 . Builder can benefit with the announced $572 million federal-provincial investment to Hamilton Housing infrastructure. The City has committed to eliminating development charges for a three -year period until March 31st/2029 Buyers savings Benefit with HST rebate on new residential first time buyer. WIN - WIN FOR BUILDERS AND BUYERS Great location for Towns, steps to Upper James and all amenities, shopping, public transit, McDonald's, Tim Hortons etc. Easy access to the Linc Expressway and 403 Highway. Tenants Pay $2,600.00 per month plus utilities. Special Note.The Seller will assist with VTB if required (id:66096)

Features

Lot Features: Corner Site

Services

Water: Municipal water
Sewer: Municipal sewage system
Utilities: Natural Gas, Electricity

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

46d

Hamilton listings, avg age

65d

List price

$1.60M

Haho

This vacant land in Hamilton has been listed for 46 days, which is 19 days fresher than the city average of 65. Act while there is still low competition.

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Area context

Neighbourhood profile (L9B)

This home lists at $1,600,000, about 15.2× the local median household income of $105,000.

Carrying it typically needs a household income of about $312,536 (20% down, 25-yr amortization, stress-tested) — roughly 198% above the area median.

Median household income: $105,000
Population: 25,025
Median age: 42.8
Owner / renter: 81% / 19%
Avg. household size: 2.9

Source: Statistics Canada, 2021 Census (FSA L9B)

$1,600,000

For sale

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Financing

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11 SPRINGSIDE Drive, Hamilton - Vacant Land for Sale