$4,990,000Asking Price
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.
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.
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Beasley, Hamilton is a west GTA neighbourhood notable for its singles, renters and salespeople. It has a higher than average population of immigrants. Residents tend to be younger with a significant number of babies, youth aged 20 to 24 and adults aged 25 to 39.
Kids Per Family
1.2
kids per family
in the neighbourhood.
64%
of residents are
single and loving it.
64% singles
Hamilton (46%)
79%
of residents
are renters.
79% renters
Hamilton (32%)
25%
of residents are
university grads.
25% university grads
Hamilton (28%)Average Household Income
$54K
is the average household
income in the neighbourhood.
Professions
| Sales | 17% |
| Trades | 7% |
| Business | 6% |
| Government | 6% |
| Health | 4% |
36%
of residents were
born outside of Canada.
36% immigrants
Hamilton (25%)2.3% from Philippines
All-time
0.8% from Syria
Recent
Foreign Languages
| Somali | 4% |
| Portuguese | 4% |
| Spanish | 3% |
| Arabic | 3% |
| Cantonese | 2% |
Religions
| Christian | 52% |
| Muslim | 12% |
| Buddhist | 5% |
| Hindu | 3% |