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Home ON Greater Hamilton Hamilton Glanbrook
2544 HIGHWAY 56
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2544 HIGHWAY 56 $1,490,000
$1,490,000
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2544 HIGHWAY 56
Hamilton, Ontario L0R1C0

MLS® Number: 40592743

Listing Description

EXISTNG: District Commercial zoning and secondary plan designation permitting retail, personal service, financial establishment, offices, restaurants, medical clinics, studios, places of assembly, and motor vehicle related uses (including gas). Residential uses permitted above commercial uses 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 over the next 30 years, a significant amount of intensification will need to occur across the built-up area. 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. The on-going Residential Zones Project, is currently at Phase 2 which has introduced two new Mid Rise Residential Zones (R3 and R3a), allowing denser uses on arterial roads. The next step is to apply the R3 and R3a Zones to properties along arterial roads. This could occur as early as November 2024. 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’. In fact, current ownership has begun the process of exploring increased density and is expecting formal consultation comments back any day now for a proposed 9-storey, 96 unit, mixed use building. (67514424)

Location Description

QEW to Centennial Parkway or Highway 403 to Highway 6 South to White Church Road E

Property Summary

Property Type
Vacant Land
Subdivision Name
532 - Binbrook Municipal
Title
Freehold
Land Size
0.645 ac|1/2 - 1.99 acres
Annual Property Taxes
$3,804.10
Time on REALTOR.ca
40 days

Building

Interior Features
Basement Type
None
Building Features
Features
Southern exposure
Structures
Drive Shed
Total Units
1
Utilities
Utility Type
Electricity (Available), Natural Gas (Available)
Utility Sewer
Municipal sewage system
Water
Municipal water
Neighbourhood Features
Community Features
High Traffic Area
Amenities Nearby
Schools

Land

Lot Features
Frontage
146 ft
Other Property Information
Access
Road access
Zoning Description
C6 E:337 E:570
Data provided by: Waterloo Region Association of REALTORS® 540 Riverbend Drive, Kitchener, Ontario N2K 3S2
226-366-9090
866-541-9755
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