16 Cannon Street E,Hamilton, ON L8L 1Z5
Hamilton, ON L8L 1Z5
Description
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. Potential 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.
Details
| MLS # | X13432900 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 82 |
| Listing Provided By | AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP | X13432900 003204 |
Features
| Story(s) | 2 |
|---|---|
| Acreage | 0.29 |
Interior
| Interior Features | Other |
|---|---|
| Cooling | Other |
| Heat Source | Other |
| Fireplace Yes / No | No |
Exterior
| Exterior Features | Controlled Entry |
|---|---|
| Roof | Unknown |
| Foundation Details | Unknown |
| Topography | Flat |
| Construction Materials | Aluminum Siding |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Available |
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 18282.18 |
|---|---|
| Tax Legal Description | PT LT 6 JAMES HUGHSON SURVEY (UNREGISTERED) E/S JAMES ST PT 9, 10, 11 62R1582 EXCEPT PT 1 62R2825; PT LT 5 JAMES HUGHSON SURVEY (UNREGISTERED) W/S HUGHSON ST, PT LT 6 JAMES HUGHSON SURVEY (UNREGISTERED) W/S HUGHSON ST AS IN AB352539, S/T & T/W VM276459; S/T AN EASEMENT AS IN WE913367 CITY OF HAMILTON |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| Region | Hamilton |
| City | Hamilton |
| Postal Code | L8L 1Z5 |
| Area | Beasley |
| Listing VS Median (in L8L 1Z5) | |
Price: $3,500,000 low | high Med: $0 On site: 82 low | high Med: | |
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Hamilton |
| City | Hamilton |
| Postal Code | L8L 1Z5 |
| Area | Beasley |
| Listing VS Median (in L8L 1Z5) | |
Price: $3,500,000 low | high Med: $0 On site: 82 low | high Med: | |
