C$899,000

Rare downtown Hamilton infill redevelopment opportunity near transit, James Street North, the West Harbour and downtown amenities. The approximately 0.12-acre site is zoned Downtown Residential (D5), permitting up to 12 storeys as of right. Preliminary plans contemplate a conservative six-storey residential development containing approximately 27 units, offering potential to explore additional density. The property may also appeal to purchasers pursuing a larger land assembly and potential high-density redevelopment, subject to rezoning and municipal approvals. Significant intensification is occurring nearby, including the proposed 101-metre tower at 188 Cannon Street East. Ideal for an affordable-housing provider, non-profit organization, boutique developer or investor seeking an urban infill opportunity. Significant environmental and pre-development work has been completed, with an extensive due-diligence package available to qualified purchasers. Property is being sold as-is. Images include a rendering.