16 Cannon St E, Hamilton, Ontario

Multi-Family for Sale in Hamilton

16 Cannon St E, Hamilton, ON

  • CA$4,990,000
  • 12,540 sq.ft. Land
  • CA$4,990,000

Multi-Family for Sale in Hamilton

16 Cannon St E, Hamilton, ON

  • CA$4,990,000
  • 12,540 sq.ft. Land
  • CA$4,990,000

Key Facts

  • MLS® #: X12558772
  • Property ID: SIRC3043505
  • Property Type: Residential, Multiplex
  • Lot Size: 12,540 sq.ft.
  • Parking Spaces: 8
  • Listed By:
  • AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP

Property Description

132,000 SF High-Density Development Opportunity in Downtown Hamilton. A new owner has the ability to take the site back to the Committee of Adjustment and apply for additional height, unlocking up to 132,000 SF of total Gross Floor Area (GFA). This aligns with Downtown Hamilton's high-rise intensification policies that support up to 30 storeys. The opportunity allows for significant added density at a competitive land cost of approximately $35 per buildable square foot.16 Cannon Street East represents a premier high-density redevelopment site in the heart of downtown Hamilton. The site is conditionally approved for a 16-storey, 130-unit residential tower totaling 89,066 SF of GFA. It is ideally situated within walking distance of West Harbour GO, Hamilton GO Centre, and the upcoming LRT stop, offering unmatched transit connectivity. The current use is a legally nonconforming 8-unit apartment building. The vendor makes no representations and warranties. Sold "as is, where is.

Listing Agents

AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP

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Location

16 Cannon St E, Hamilton, Ontario, L8L 1Z5 Canada

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