879 West 5th Street, Hamilton, ON L9C 5R4

Hamilton L9C 5R4 Ontario

MLS: X12987724

$1,648,988

Added 3 hours ago | For Sale

Listed by: RE/MAX REAL ESTATE CENTRE INC.

About Property

This premier development assembly represents a rare, investment in the heart of Hamilton's most stable growth corridor. Featuring exceptional dual-street frontage and an expansive, "oasis-like" footprint, the site is perfectly positioned for high-density intensification or premium subdivision. The property is uniquely prepared for immediate action, boasting approved severance for two rear lots and existing municipal servicing (water/sewer) for up to 4 lots, significantly reducing "soft cost" timelines and site preparation hurdles. Investors can capitalize on an immediate revenue stream from the existing well-maintained bungalow to offset carrying costs while navigating the approvals for a 6-storey residential mid-rise (32-56 units), 12 luxury townhomes, or a four-lot detached enclave. Strategically located near the Stone Church and West 5th corridor, the site sits minutes from Mohawk College's Fennell Campus, making it an elite candidate for high-yield student housing or professional rentals. This is a versatile, high-potential redevelopment site in a high-demand neighborhood where the infrastructure is already in place to support your vision.

Features

  • House Style:Land
  • Bathrooms:1
  • Land Size: 100.3 X 250.66
  • Water:Municipal
  • Garage Spaces: /Other
  • Driveway:
  • Heating Fuel:
  • Cross Street:West 5th St
  • Basement: ,
  • Possession Date:Flexible
  • Annual Property taxes: $5569.33
  • Bedrooms:
  • Total Parking Spaces:5
  • Parking Places:5
  • Heating Type:Gas Forced Air Open
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:X12987724

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