423 Highway 8,Stoney Creek, ON L8G 1G1
Stoney Creek, ON L8G 1G1
Description
Almost 1 acre of prime real estate fronting Highway 8, offering exceptional development potential. A site plan has been approved for over 34,000 sq. ft. of combined residential and commercial space, including a 4-storey mixed-use building with ground-floor commercial units and 45-60 parking spaces.The development allows for over 7,900 sq. ft. of commercial space, which can be subdivided into multiple units with excellent street and sign exposure. There is also potential for a secondary access via Millen Road, enhancing site circulation and accessibility.The residential component includes up to 24 units, ranging from approximately 600 to 1,000 sq. ft. each, designed to suit modern urban living.Ideally situated within a growing corridor surrounded by established residential neighbourhoods and businesses, this site presents a rare opportunity for near-term development. It offers convenient access to the QEW, Niagara Escarpment, and several planned future developments in the area.Additional upside includes the ability to generate income immediately from the fully tenanted existing commercial building on site, providing cash flow from day one.
Details
| MLS # | 40844255 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 63 |
| Listing Provided By | Royal LePage Real Estate Services Phinney Real Estate | Michael Phinney |
Features
| SQ Feet | 2,147 |
|---|---|
| Basement | Y |
| Story(s) | 4 |
| Zoning | ER3 |
| Acreage | 0.92 |
Interior
| Cooling Yes / No | No |
|---|
Exterior
| Lot Features | Public Transit |
|---|
Utilities
| Sewer | Sewer (Municipal) |
|---|
Taxes
| Tax Annual Amount | 32000 |
|---|
Area Information
| Province | ON |
|---|---|
| Region | Hamilton |
| City | Stoney Creek |
| Postal Code | L8G 1G1 |
| Area | 51 Stoney Creek |
| Subarea | 512 Guernsey | Westmeria | Industrial |
| Community Name | 512 Guernsey/Westmeria/Industrial |
| Listing VS Median (in 512 Guernsey/Westmeria/Industrial) | |
Price: $3,750,000 low | high Med: $699,450 sqft: 2,147 low | high Med: 1,586 $ / sqft: $1,747 low | high Med: $441 On site: 63 low | high Med: 17 | |
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Hamilton |
| City | Stoney Creek |
| Postal Code | L8G 1G1 |
| Area | 51 Stoney Creek |
| Subarea | 512 Guernsey | Westmeria | Industrial |
| Community Name | 512 Guernsey/Westmeria/Industrial |
| Listing VS Median (in 512 Guernsey/Westmeria/Industrial) | |
Price: $3,750,000 low | high Med: $699,450 sqft: 2,147 low | high Med: 1,586 $ / sqft: $1,747 low | high Med: $441 On site: 63 low | high Med: 17 | |
