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Home ON Greater Hamilton Hamilton Glanbrook
2544 HWY 56
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2544 HWY 56 $1,290,000
1 day ago
$1,290,000
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2544 HWY 56
Hamilton (Binbrook), Ontario L0R1C0

MLS® Number: X10442803

Listing Description

REDEVELOPMENT site. Existing district commercial zoning permits residential uses above commercial provided less than 50% of the total gross floor area of a building (max height 3 storey). UPSIDE POTENTIAL: To accommodate Hamilton's forecasted growth part of the City's plan is 'Up Zoning of Urban Corridors and major and minor arterial roads to the missing middle which is considered 12 storeys or less. Subject property is on a major arterial road, adjacent to retail amenities, and residential only on 1-side, is an ideal candidate for 'Up Zoning. Formal consultation comments back from the City encouraged a 6-storey, pedestrian focused development. Existing house on the property can be rented out for residential/retail/office for holding income and land held for future bump that comes with residential intensification. (38120405)

Location Description

Fall Fair Way

Property Summary

Property Type
Vacant Land
Community Name
Binbrook
Land Size
145.6 x 188.2 FT ; Merged under planning act
Annual Property Taxes
$3,324
Time on REALTOR.ca
1 day

Building

Heating & Cooling
Cooling
Fully air conditioned
Heating Type
Other (Natural gas)
Utilities
Utility Sewer
Septic System
Business
Business Type
Residential (Residential)

Measurements

Square Footage
1 ac

Land

Lot Features
Frontage
145 ft ,7 in
Land Depth
188 ft ,2 in
Other Property Information
Zoning Description
C6 E:337 E:570
Data provided by: Toronto Regional Real Estate Board 1400 Don Mills Road, Toronto, Ontario M3B 3N1

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