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202-196 UPPER MOUNT ALBION ROAD Hamilton
  • 202-196 UPPER MOUNT ALBION ROAD Hamilton
  • 202-196 UPPER MOUNT ALBION ROAD Hamilton

202-196 UPPER MOUNT ALBION ROAD, Hamilton, Ontario

$8,490,000

  • 57,226 Square Feet

A rare opportunity to acquire a development parcel in a high-demand commercial corridor directly across from Cineplex, popular restaurants, cafés, and major retail. The property includes one commercial building and three residential houses, providing reliable holding income while future development plans are advanced. The current zoning supports two strong development directions. One option allows for a nine-storey condominium concept with approximately 232 residential units and main-floor commercial space. The second supports two six-storey purpose-built rental buildings totalling 99 units, also with commercial space at grade and well aligned with CMHC-favourable rental programs. Both concepts reflect the area's ongoing growth and the strong demand for mid-rise residential living. The site offers excellent exposure, walkable amenities, and a strong demographic base. Existing income from the on-site structures helps offset carrying costs, making this a suitable opportunity for developers planning immediate progress or a strategic long-term hold. With flexible mid-rise potential and a location within an active commercial hub, this parcel presents significant upside and long-term value for a forward-thinking developer or investor. (id:50212)

  • Listing ID: X12543904
  • Property Type: Vacant Land
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Details

  • Transaction: For sale
  • Zoning Description: C5

Building

  • Fireplace Present: False
  • Size Interior: 57226 sqft
  • Utility Water: Municipal water

Land

  • Sewer: Sanitary sewer
  • Size Frontage: 286 ft ,1 in
  • Size Irregular: 286.13 x 200 FT
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 202-196 UPPER MOUNT ALBION ROAD in Hamilton Ontario. It was last modified on November 14th, 2025. Contact The TanTeam to schedule a viewing or to discover other Hamilton real estate for sale.

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