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50 Creighton Road

Hamilton, L9H 3B6
0 Beds
0 Bath
< 700 sqft

$6,995,000

Est. Payment
$26,716/mo*
*Based on 20% down, 4% interest, 30-year term
Listed by ROYAL LEPAGE STATE REALTY
Vacant LandMLS #X12125644New

Price comparison with similar homes in Hamilton

Compared to 64 similar homes
424.5% Higher
Market Avg. of (64 similar homes)
$1,333,633

Note * Price comparison is based on the similar properties listed in the area and may not be accurate. Consult licences real estate agent for accurate comparison

Client Remarks

PRIME DEVELOPMENT OPPORTUNITY: This 2.39-acre waterfront property on Spencer Creek in downtown Dundas is currently being rezoned (Medium Density Multiple DwellingRM3 Modified) for an 8-storey, 120-unit condominium development. The zoning will also allow for a retirement facility and there is still a massive upside potential with a maximum build allowance up to 12 storeys and 170 units. A full application has been submitted including the following studies: Hydrogeological; Geotechnical; Functional Servicing & Stormwater Management; Noise Impact; Sun/Shadow; Wind; Parking Analysis & Transportation Management. This luxury apartment style building will comprise of one, two, and three-bedroom configurations. The building is designed with recessed balconies enhancing its visual appeal. To accommodate residents, the development includes a total of 144 parking spaces in an underground garage along with 120 storage lockers and dedicated bicycle parking. However, a revised zoning by-law will allow for a reduction to a total of 78 spaces significantly reducing the underground requirements. A rooftop amenity space is also included in the plan. Access to the site is from the west side of Creighton Road, ensuring efficient circulation for both residents and visitors. The site is currently occupied by a single-storey building containing 10 rental units with plenty of interim opportunity. Located directly in front of Spencer Creek Trail connecting to the entire Dundas Valley Conservation with easy access to Webster Falls and the Dundas Valley Golf and Curling Club. This site is conveniently located on a bus route and just steps to the historic downtown Dundas with a vibrant mix of restaurants, shopping and amenities. This development represents a strategic use of land in alignment with the City of Hamiltons Urban Official Plan and Design Guidelines. It notably advances the core objectives of intensification while considering the form and functional characteristics of the area.

About This Property

50 Creighton Road, Hamilton, L9H 3B6

Property Type
Vacant Land
Lot Size
2-4.99 acres
Style
Living Area
N/A

Home Overview

Basic Information

Last Updated
Virtual Tour
N/A
Basement
N/A
Building Size
N/A
Status
In-Active
Property Type
Vacant Land
Maintenance Fee
N/A
Year Built
N/A
satellite view
Walk around the neighborhood
50 Creighton Road, Hamilton, L9H 3B6
Sales Representative

Shally Shi

Sales Representative, Dolphin Realty Inc

English, Mandarin
Residential ResaleProperty ManagementPre Construction

Mortgage Information

Estimated Payment

$0 Principal and Interest

walking  Walk Score for 50 Creighton Road

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