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$ 3,750,000
Est. payment | /mo
1 SqFt
$ 3,750,000
Est. payment | /mo
1 SqFt
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1
Square Footage 1 sqft
Price per Sqft $3,750,000
Subdivision Stoney Creek
MLS® Listing ID X13507234
Lot Size 0.916 Acres
Acres 0.916
Appx SqFt 1
Property Description
Almost 1 acre of prime real estate fronting Highway 8, offering exceptional development potential. A site plan has been approved for over 34,000 sq. ft. of combined residential and commercial space, including a 4-storey mixed-use building with ground-floor commercial units and 45-60 parking spaces.The development allows for over 7,900 sq. ft. of commercial space, which can be subdivided into multiple units with excellent street and sign exposure. There is also potential for a secondary access via Millen Road, enhancing site circulation and accessibility.The residential component includes up to 24 units, ranging from approximately 600 to 1,000 sq. ft. each, designed to suit modern urban living.Ideally situated within a growing corridor surrounded by established residential neighbourhoods and businesses, this site presents a rare opportunity for near-term development. It offers convenient access to the QEW, Niagara Escarpment, and several planned future developments in the area.Additional upside includes the ability to generate income immediately from the fully tenanted existing commercial building on site, providing cash flow from day one. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N No
Attached Garage No
Garage No
Private Pool No
Listed by ROYAL LEPAGE REAL ESTATE SERVICES PHINNEY REAL ESTATE
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