202-196 Upper Mount Albion Road Hamilton, Ontario L8J 1V4
$8,399,900
Exceptional development opportunity in a high-traffic, high-demand commercial corridor, strategically positioned directly across from Cineplex and surrounded by established restaurants, cafés, and national retail. This prime parcel benefits from outstanding visibility, strong pedestrian activity, and a proven consumer base. The site currently features one commercial building and three residential dwellings, generating stable interim income to offset holding costs while development approvals and planning are advanced. Existing zoning supports two compelling development scenarios. The first contemplates a nine-storey mixed-use condominium with approximately 232 residential units and ground-floor commercial space. The second allows for two six-storey purpose-built rental buildings totalling 99 units, also with retail at grade and well positioned to leverage CMHC-backed rental financing programs. Both concepts align with the area's continued intensification, population growth, and sustained demand for mid-rise, transit-oriented residential living. With walkable amenities, strong demographics, and flexible mixed-use potential, this asset offers meaningful upside for developers and investors seeking either near-term execution or a strategic long-term hold in a thriving commercial node. Some photos are renderings. (id:47351)
Property Details
| MLS® Number | X12754072 |
| Property Type | Vacant Land |
| Community Name | Stoney Creek Mountain |
Building
| Size Interior | 57,350 Ft2 |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 200 Ft |
| Size Frontage | 285 Ft |
| Size Irregular | 285 X 200 Ft |
| Size Total Text | 285 X 200 Ft |
| Zoning Description | C5 |
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February 03 2026 06:47:31
Toronto Regional Real Estate Board
Royal LePage Real Estate Services Ltd.