Description

SITE APPROVED FOR 12 STOREY BUILDING WITH 161 UNITS, PRIME LOCATION IN STONEY CREEK AT THE CORNER OF #8 HWY & DEWITT RD. CURRENTLY HAS A NEWER BUILDING WITH OVER 4000 SQFT, PARKING FOR 35 (id:66096)

Property Details

MLS®: 40857533
Property Type: Other
Zoning: C2, R3
Parking: 35
Interior Size: 4,050 ft²
Frontage: 166 ft
Building Area: 4,050 ft²
Year Built: 2008
Storeys: 1
Basement: None
Ownership: Freehold
Property Tax: $43,000/yr
Listed: 75 days ago

Features

Foundation: Poured Concrete
Exterior: Wood, Brick Veneer
Lot Features: Paved driveway

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

75d

Stoney Creek listings, avg age

62d

Price / ft²

$1,111

List price

$4.50M

Haho

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Area context

Neighbourhood profile (L8G)

This home lists at $4,499,000, about 58.4× the local median household income of $77,000.

Carrying it typically needs a household income of about $878,812 (20% down, 25-yr amortization, stress-tested) — roughly 1041% above the area median.

Median household income: $77,000
Population: 21,805
Median age: 50.8
Owner / renter: 66% / 34%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA L8G)

$4,499,000· $1,111/ft²

For sale

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Financing

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520 HIGHWAY 8, Stoney Creek - Other for Sale