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50 Creighton Road, Hamilton, ON L9H 3B6, Hamilton, Ontario

detached · MLS® X12456040

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$5,995,000

MLS# X12456040

50 Creighton Road, Hamilton, ON L9H 3B6

Hamilton, Ontario L9H 3B6

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New Listing· Listed null days on marketPopular· 142 views todayHot Property· High interest
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 DwellingRM3 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 Hamiltons Urban Official Plan and Design Guidelines. It notably advances the core objectives of intensification while considering the form and functional characteristics of the area.

Property Details

Property Type

Detached Home

Year Built

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Parking Spaces

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Location

Map View

50 Creighton Road, Hamilton, ON L9H 3B6, Hamilton, Ontario

About 50 Creighton Road, Hamilton, ON L9H 3B6

This Detached Home at 50 Creighton Road, Hamilton, ON L9H 3B6 is listed for sale in Hamilton, Ontario at $5,995,000.

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Hamilton is a thriving community in Ontario with excellent amenities, schools, parks, and transit access. Whether you are a first-time buyer, growing family, or investor, this detached home represents a compelling opportunity in Hamilton's real estate market.

MLS® number X12456040. Listed with RE/MAX Realty Specialists Inc., Brokerage. Contact Jagtar Singh for more information or to schedule a private showing.

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Mortgage Calculator

$5,995,000

20% ($1,199,000)

Minimum 5% for homes under $500K, 20% to avoid CMHC insurance

5.5%
25 years

Estimated Monthly Payment

$29,452

*Principal & Interest only. Does not include taxes or insurance.

Principal$4,796,000
Total Interest$4,039,491
Total Cost$10,034,491
Jagtar Singh

Jagtar Singh

RE/MAX Realty Specialists Inc.

Contact About This Property
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