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$4,990,000Asking Price

16 Cannon Street E, Hamilton, ON L8L 1Z5

Beasley, Hamilton

Multiplex
0
Bedrooms
0
Baths
8
Parking
Days on Market

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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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.

Key Info

  • 2-Storey Multiplex
  • 4+ Parking
  • No Garage
  • Cannon St E & James St N
  • Less than 700 Square Feet
  • No Ensuite Laundry
  • A/C

Property

  • Excludes: Heat, Hydro, Water, Cable TV, Central A/C, Common Elements, Building Insurance, Parking
  • Taxes were $18,282 in 2024
  • Possession: Immediate

Details

  • Aluminum Siding Exterior
  • No Fireplace
  • No Kitchen
  •  
  • MLS #X12558772
  • AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP

Extras

Room Floor Dimensions Details

Who lives here?

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.

Families

Kids Per Family

1.2

kids per family
in the neighbourhood.

Hamilton  (1.2)

Singles

64% of residents are
single and loving it.

64% singles

Hamilton (46%)

Renters

79% of residents
are renters.

79% renters

Hamilton (32%)

Education

25% of residents are
university grads.

25% university grads

Hamilton (28%)

Income

Average Household Income

$54K

is the average household
income in the neighbourhood.

Hamilton  ($106K)

Professions

Professions

Sales 17%
Trades 7%
Business 6%
Government 6%
Health 4%

Immigrants

36% of residents were
born outside of Canada.

36% immigrants

Hamilton (25%)

Birthplace - All

Philippines was once home to 2.3% of immigrants.
Portugal 2.3%
Caribbean 2.0%
Somalia 1.7%
Vietnam 1.4%

2.3% from Philippines
All-time

Birthplace - Recent

Syria was once home to 0.8% of immigrants.
India 0.8%
Ethiopia 0.5%
Philippines 0.5%
China 0.4%

0.8% from Syria
Recent

Foreign Languages

Foreign Languages

Somali 4%
Portuguese 4%
Spanish 3%
Arabic 3%
Cantonese 2%

Religions

Religions

Christian 52%
Muslim 12%
Buddhist 5%
Hindu 3%