50 Creighton Road

Hamilton, Ontario

L9H3B6
5,000,000
Business
***ATTENTION: DEVELPERS AND BUILDERS***; MID RISE RESIDENTIAL CONDO OPPORTUNITY (75-125 UNITS) DOWNTOWN DUNDAS! One of kind property; 2.4 acres with Medium Density Multiple Dwelling( RM2)-Zoning. Present site plan concept of a 75-unit residential condominium development (based on HCA requirements) and potential rezoning to High Density allowing up to 125 units. Excellent site-2 blocks from downtown; surrounded by 100-year old mature trees & beautiful nature walking trails. Current structure on the property is a 10-unit tenanted multi-residential building. Value in Land. Buyer to do own due diligence. Income & expense. Topographic Survey; Erosion Hazard Assesement; Zoning certificate and site plan concept available. Assumable-open VTB (2.1 million-0% and 0 payments for the first 2 years; 3% & 3.5% yr 4). Offer presentation Nov. 30, 2020. (id:6355)

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THE TRADEMARKS MLS®, REALTOR®, AND THE ASSOCIATED LOGOS ARE OWNED OR CONTROLLED BY THE CANADIAN REAL ESTATE ASSOCIATION. USED UNDER LICENSE. MLS®, REALTOR®, AND THE ASSOCIATED LOGOS ARE TRADEMARKS OF THE CANADIAN REAL ESTATE ASSOCIATION.