Nest Seekers

16 Cannon Street East represents a premier high density redevelopment site in the heart of downtown Hamilton.

16 Cannon Street
Hamilton L8L 1Z5
Canada

Listing

Web ID:5607503
Website:https://www.nestseekers.com/5607503

Property

Ownership: For Sale
Type: Unknown

Financials

Price:C3,000,000
($2,147,700)
(€1,924,500)
Annual Taxes:C18,282.18

Description

16 Cannon Street East represents a premier high-density redevelopment site in the heart of downtown Hamilton. The site is conditionally approved for a 16-storey, 130-unit residential tower totaling 89,066 SF of GFA. It is ideally situated within walking distance of West Harbour GO, Hamilton GO Centre, and the upcoming LRT stop, offering unmatched transit connectivity. The current use is a legally nonconforming 8-unit apartment building. The vendor makes no representations and warranties. Sold "as is, where is. Potential 132,000 SF High-Density Development Opportunity in Downtown Hamilton. A new owner has the ability to take the site back to the Committee of Adjustment and apply for additional height, unlocking up to 132,000 SF of total Gross Floor Area (GFA). This aligns with Downtown Hamilton's high-rise intensification policies that support up to 30 storeys. The opportunity allows for significant added density at a competitive land cost of approximately $35 per buildable square foot.

Amenities

  • Controlled Entry
  • Other

Contact

Simcoe County, Ontario
Angelo Ferlisi
9 Queen Street Unit 7, Cookstown, Ontario
Phone: +1 905-851-9099
onadmin@nestseekers.com
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