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ROOMSX12558772
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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.
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Nearby Intersections
Property Features
Other, Available
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Property Details
Property Type
Multiplex
Lot Size
114' x 110'
Acreage
0.2 Feet
Taxes
$18,282 (2024)
Basement
Other
Exterior
Controlled Entry
Heat Type
Other
Heat Source
Other
Water
Municipal
Parking Spaces
8
Garage Type
None
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Listing contracted with Avison Young Commercial Real Estate Services, Lp
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