A rare opportunity to acquire a premier development site in one of Hamilton's fastest-growing corridors. Welcome to 879 West 5th Street. A 100'x 250 ' property with exceptional dual street frontage on West 5th Street and Fortissimo Drive, offering outstanding redevelopment potential.The property also benefits from City-approved R4(Mid-Rise Residential) rezoning, creating exciting future developmentpossibilities. Approved severance for two rear lots and municipal water and sewer services already in place for additional lots help reducedevelopment timelines and sot costs. Explore the potential for a four-lot detached subdivision, luxury townhomes, semi-detached homes, or ahigher-density residential project. The existing three-bedroom bungalow provides immediate rental income while development plans ae finalized.Ideally located just down the street from Mohawk College's Fennell Campus and minutes to the Upper James Street and Stone Church Roadcorridor, with convenient access to shopping, transit, parks, schools, and major highways, the location is ideal for student housing, family-oriented development, or professional rentals. Offering an exceptional combination of size, servicing, dual frontage, future zoning potential,income generation, and a prime West Mountain location, opportunities like this are becoming increasingly rare. Whether you're a builder,developer, or investor, 879 West 5th Street is ready for your vision. (id:66096)
Property Details
MLS®
40849101
Property Type
Vacant Land
Zoning
R4, AA, C
Frontage
101 ft
Basement
None
Ownership
Freehold
Property Tax
$5,569/yr
Listed
110 days ago
Features
Appliances
Washer, Refrigerator, Dishwasher, Stove, Dryer
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
110d
Hamilton listings, avg age
65d
List price
$1.35M
Long Listed: 110 days on market, against an average age of 65 days across the listings currently for sale in this city
Market timing · days on market0 → 65d avg age of current listings
Long Listed · day 110
Haho
This vacant land in Hamilton is available now. Want me to connect you with the agent or keep you posted on any price updates?
Listed by Keller Williams Complete Realty · Emilio Librobuono
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Area context
Neighbourhood profile (L9C)
This home lists at $1,350,000, about 14.7× the local median household income of $92,000.
Carrying it typically needs a household income of about $263,702 (20% down, 25-yr amortization, stress-tested) — roughly 187% above the area median.
Median household income
$92,000
Population
41,202
Median age
41.2
Owner / renter
71% / 29%
Avg. household size
2.7
Source: Statistics Canada, 2021 Census (FSA L9C)
$1,350,000
For sale
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Financing
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