3
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$4,990,000
Est. payment /mo
New
16 Cannon ST E Hamilton, ON L8L 1Z5
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Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft < 700
Subdivision Beasley
MLS Listing ID X12558772
Style 2-Storey
Annual Tax Amount $18,282
Tax Year 2024
Property Sub-Type Multiplex
Property Description
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.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.
Location
Province ON
County Hamilton
Community Beasley
Area Hamilton
Rooms
Family Room No
Basement Other
Kitchen 0
Interior
Interior Features Other
Cooling Other
Fireplace No
Heat Source Other
Exterior
Exterior Feature Controlled Entry
Parking Features Available
Pool None
Roof Type Unknown
Topography Flat
Lot Frontage 114.0
Lot Depth 110.0
Total Parking Spaces 8
Building
Foundation Unknown
Others
ParcelsYN No
Listed by AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP
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