Millen Road, Hamilton (Lakeshore), Ontario, L8E5B9
No similar listings for sale right now.
$4,300,000
Hamilton
Opportunity Knocks! This lakeside development project is ready for its owner with powerful lending support offered for a suitable buyer. This package consists of three parcels sold together totaling 1.376 acres, 2 road access points and a high density outlook. 2023 proposal for 16 storey\\ 220 residential units appraised at a completed value estimate of 155m and as is value 6.28m. Seller will hold mortgage at attractive rates subject to approval. Bank this property now with strong lending and benefit later as the market restarts. The area consists of property on millen on east side bounded by cherry beach and north service road. Some properties are tenanted do not walk the property without an appointment and do not attempt to enter dwellings. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 154 days on market, against an average age of 53 days across the listings currently for sale in this city
This vacant land in Hamilton (Lakeshore) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $4,300,000, about 47.3× the local median household income of $91,000.
Carrying it typically needs a household income of about $839,941 (20% down, 25-yr amortization, stress-tested) — roughly 823% above the area median.
Source: Statistics Canada, 2021 Census (FSA L8E)
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