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$6,900,000
Hamilton
1109 HIGHWAY 8, Hamilton (Fruitland), Ontario, L8E5H8
This lot in Hamilton is for sale. It has been on the market 56 days, fresher than the Hamilton average of 76 days.
3.03 Acres of Future Residential Development Potential - A Rare Opportunity!!Secure a premium 3.03-acre parcel along Stoney Creek's rapidly developing Highway 8 corridor. Enjoy close proximity to everyday conveniences and schools, with quick, convenient access to the highway-just minutes to the QEW and GO Transit.Offering an impressive 336 ft. of frontage and approximately 565 ft. of depth, this well-proportioned property provides the scale and configuration developers seek for a future residential community or plan of subdivision.Currently carrying AS - Agricultural Specialty zoning, the property is designated R1 - Medium Density Residential, with net residential density of up to 60 Units per Hectare, subject to municipal planning and approvals. Potential residential forms include Single-detached, Semi-detached, Duplex, Triplex, Fourplex and street Townhouse dwellings.With the official zoning change anticipated for the second half of 2027, this is an opportunity to secure a substantial development parcel today and position for the growth of tomorrow.3.03 acres * Exceptional frontage * Strategic location * Future residential potential.Your next development opportunity starts at 1109 Highway 8 in Stoney Creek. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 56 days on market, against an average age of 76 days across the listings currently for sale in this city
This vacant land in Hamilton (Fruitland) has been listed for 56 days, which is 20 days fresher than the city average of 76. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $6,900,000, about 75.8× the local median household income of $91,000.
Carrying it typically needs a household income of about $1,347,812 (20% down, 25-yr amortization, stress-tested) — roughly 1381% above the area median.
Source: Statistics Canada, 2021 Census (FSA L8E)
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