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16 Cannon Street E, Hamilton, ON L8L 1Z5, Hamilton, Ontario

detached · MLS® X12558772

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$4,990,000

MLS# X12558772

16 Cannon Street E, Hamilton, ON L8L 1Z5

Hamilton, Ontario L8L 1Z5

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New Listing· Listed null days on market
About This Property

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.

Property Details

Property Type

Detached Home

Year Built

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Garage

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Basement

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Location

Map View

16 Cannon Street E, Hamilton, ON L8L 1Z5, Hamilton, Ontario

About 16 Cannon Street E, Hamilton, ON L8L 1Z5

This Detached Home at 16 Cannon Street E, Hamilton, ON L8L 1Z5 is listed for sale in Hamilton, Ontario at $4,990,000.

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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 X12558772. Listed with RE/MAX Realty Specialists Inc., Brokerage. Contact Jagtar Singh for more information or to schedule a private showing.

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$4,990,000

20% ($998,000)

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

5.5%
25 years

Estimated Monthly Payment

$24,514

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

Principal$3,992,000
Total Interest$3,362,312
Total Cost$8,352,312
Jagtar Singh

Jagtar Singh

RE/MAX Realty Specialists Inc.

Contact About This Property
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