For Sale - 50 Creighton Road, Dundas, ON L9H 3B6

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David Bradica

david@davidbradica.com +1(905) 203-1777

$6,995,000

Est. payment - /mo

2.39 Acres Lot

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Residential

Listing Status Active

Purchase Type For Sale

MLS Listing ID 40724990

Originating Board Hamilton - Burlington

Annual Tax Amount $22,218

Lot Size 2.390 Acres

Acres 2.39

Property Sub-Type Residential

Property Description

PRIME DEVELOPMENT OPPORTUNITY: This 2.39-acre waterfront property on Spencer Creek in downtown Dundas is currently being rezoned (‘Medium Density Multiple Dwelling–RM3 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 Hamilton's Urban Official Plan and Design Guidelines. It notably advances the core objectives of intensification while considering the form and functional characteristics of the area.

Location

Province ON

County Hamilton

Area 41 - Dundas

Zoning RM2-FP, OS

Direction Follow Hamilton Regional Rd 8 to Creighton Rd. (turn right onto Cootes Dr/ Hamilton Regional Rd 8:turn left onto Market St S; continue onto Creighton Rd. Destination will be on the right).

Rooms

Kitchen 0

Interior

Fireplace No

Exterior

Utilities Available Cable Available, Electricity Connected, Fibre Optics, Natural Gas Connected, Street Lights

Lot Frontage 314.75

Lot Depth 387.54

Garage No

Building

Lot Description Urban, Irregular Lot, Ample Parking, Business Centre, Corner Lot, City Lot, Highway Access, Hospital, Public Transit, Schools

Faces Follow Hamilton Regional Rd 8 to Creighton Rd. (turn right onto Cootes Dr/ Hamilton Regional Rd 8:turn left onto Market St S; continue onto Creighton Rd. Destination will be on the right).

Sewer Sewer (Municipal)

Water Municipal

New Construction No

Others

Senior Community false

Tax ID 174820010

Ownership Freehold/None

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Listed by Royal LePage State Realty

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David Bradica

+1(905) 203-1777

Broker of Record

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50 Creighton Road Dundas, ON L9H 3B6

David Bradica

Key Details

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Rooms

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50 Creighton Road