202-196 Upper Mount Albion Road, Hamilton, ON L8J 1V4
$8,490,000
202-196 Upper Mount Albion Road, Hamilton, ON L8J 1V4, Hamilton, ON
57226.0 sqft
A rare opportunity to acquire a development parcel in a high-demand commercial corridor directly across from Cineplex, popular restaurants, cafés, and major retail. The property includes one commercial building and three residential houses, providing reliable holding income while future development plans are advanced. The current zoning supports two strong development directions. One option allows for a nine-storey condominium concept with approximately 232 residential units and main-floor commercial space. The second supports two six-storey purpose-built rental buildings totalling 99 units, also with commercial space at grade and well aligned with CMHC-favourable rental programs. Both concepts reflect the area's ongoing growth and the strong demand for mid-rise residential living. The site offers excellent exposure, walkable amenities, and a strong demographic base. Existing income from the on-site structures helps offset carrying costs, making this a suitable opportunity for developers planning immediate progress or a strategic long-term hold. With flexible mid-rise potential and a location within an active commercial hub, this parcel presents significant upside and long-term value for a forward-thinking developer or investor.
Property Highlights
For Sale
MLS NO.
X12543904
Type
Commercial
Sub Type
Land
Square Footage
57226.0 sqft
Complete Property Details
Property Type
Commercial
Sub Type
Land
Transaction Type
For Sale
Status
Active
Contract Status
Available
MLS® Number
X12543904
Lot Width
286.13
Lot Size
0.28
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
202-196 Upper Mount Albion Road, Hamilton, ON L8J 1V4
City
Hamilton
Neighbourhood
Stoney Creek Mountain
County / Region
Hamilton
Province / State
ON
Postal Code
L8J 1V4
Cross Street
Upper Mount Albion Rd and Artfrank St
Directions
Enter off the mainstreet
Country
CA
List Price
$8,490,000
Annual Taxes
$1
Tax Year
2024
Legal Description
PT LT 32, CON 7 SALTFLEET , AS IN AB221512 ; STONEY CREEK CITY OF HAMILTON
Possession Type
Flexible
Possession Details
TBD
Listing Office
RIGHT AT HOME REALTY
Board
Toronto Regional Real Estate Board
Original Entry
2025-11-14T05:12:51Z
Media Updated
2025-11-14T05:12:51Z
Photos Updated
2025-11-14T05:12:51Z
Last Modified
2025-11-14T05:12:51Z
System Modified
2025-11-14T05:12:51.799488Z
MLS Status
New
Ddfyn
Yes
Expiration Date
2026-05-13
Hstapplication
In Addition To
Occupant Type
Tenant
Originating System Id
A00001796
Parcel Number
170940008
Public Remarks
A rare opportunity to acquire a development parcel in a high-demand commercial corridor directly across from Cineplex, popular restaurants, cafés, and major retail. The property includes one commercial building and three residential houses, providing reliable holding income while future development plans are advanced. The current zoning supports two strong development directions. One option allows for a nine-storey condominium concept with approximately 232 residential units and main-floor commercial space. The second supports two six-storey purpose-built rental buildings totalling 99 units, also with commercial space at grade and well aligned with CMHC-favourable rental programs. Both concepts reflect the area's ongoing growth and the strong demand for mid-rise residential living. The site offers excellent exposure, walkable amenities, and a strong demographic base. Existing income from the on-site structures helps offset carrying costs, making this a suitable opportunity for developers planning immediate progress or a strategic long-term hold. With flexible mid-rise potential and a location within an active commercial hub, this parcel presents significant upside and long-term value for a forward-thinking developer or investor.
