Description

Exceptional development opportunity in the heart of Hamilton. Strategically located at the high-traffic corner of James and Burlington Street, this impressive parcel offers an impressive 123 foot frontage on a very busy, high exposure corner. This property provides incredible flexibility for investors, builders and developers seeking strong exposure. Easy highway access, minutes to downtown Hamilton, and steps away from the waterfront. HS zoning allows for many commercial uses, with consistent vehicle and foot traffic, this is a rare opportunity to secure a high-profile lot in one of Hamilton's busy and evolving districts. (id:66096)

Features

Lot Features: Corner Site, Industrial mall/subdivision

Services

Water: None
Sewer: No sewage system
Utilities: Natural Gas, Telephone

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

246d

Hamilton listings, avg age

65d

List price

$1.50M

Area context

Neighbourhood profile (L8L)

This home lists at $1,499,000, about 23.1× the local median household income of $65,000.

Carrying it typically needs a household income of about $292,807 (20% down, 25-yr amortization, stress-tested) — roughly 350% above the area median.

Median household income: $65,000
Population: 32,312
Median age: 36.4
Owner / renter: 52% / 48%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA L8L)

$1,499,000

For sale

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Financing

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587 JAMES Street North, Hamilton - Vacant Land for Sale