50 Creighton Road

Hamilton, ONVacant Land
$4,995,000
MLS® X13643530
Vacant Land[object Object]
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About This Property

PRIME DEVELOPMENT OPPORTUNITY: This 2.39-acre waterfront property on Spencer Creek in downtown Dundas is currently being rezoned('Medium Density Multiple Dwelling-RM3 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 Hamilton's Urban Official Plan and Design Guidelines. It notably advances the core objectives of intensification while considering the form and functional characteristics of the area. (id:63604)

Key Facts

Type
Vacant Land
Baths
0
Lot
314.75 x 387.54 FT

Highlights

  • Refrigerator
  • Water meter
  • Stove
Property Details 8 details
Bathrooms
0 bathrooms
Living area
[object Object]
Property
Vacant Land
Property subtype
Vacant Land
Fireplace
No
Lot dimensions
314.75 x 387.54 FT
Frontage
314.90 feet
Taxes
$22,218.43
Zoning
RM2-FP, OS

Interior features

RefrigeratorWater meterStove

Systems and association

SewerElectricityCable

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Neighbourhood

Area
Dundas
City
Hamilton
Postal code
L9H 3B6
Nearby
Cross Streets: Mill Street. ** Directions: Follow Hamilton Regional Rd 8 to Creighton Rd. (turn right onto Cootes Dr/ Hamilton Regional Rd 8:turn left onto Market St S continue onto Creighton Rd. Destination will be on the right).