879 West 5th Street Hamilton, Ontario L9C 5R4

$1,648,988

This premier development assembly represents a rare, investment in the heart of Hamilton's most stable growth corridor. Featuring exceptional dual-street frontage and an expansive, "oasis-like" footprint, the site is perfectly positioned for high-density intensification or premium subdivision. The property is uniquely prepared for immediate action, boasting approved severance for two rear lots and existing municipal servicing (water/sewer) for up to 4 lots, significantly reducing "soft cost" timelines and site preparation hurdles. Investors can capitalize on an immediate revenue stream from the existing well-maintained bungalow to offset carrying costs while navigating the approvals for a 6-storey residential mid-rise (32-56 units), 12 luxury townhomes, or a four-lot detached enclave. Strategically located near the Stone Church and West 5th corridor, the site sits minutes from Mohawk College's Fennell Campus, making it an elite candidate for high-yield student housing or professional rentals. This is a versatile, high-potential redevelopment site in a high-demand neighborhood where the infrastructure is already in place to support your vision. (id:55460)

Property Details

MLS® Number	X12987724
Property Type	Vacant Land
Community Name	Kernighan
Equipment Type	Water Heater
Parking Space Total	5
Rental Equipment Type	Water Heater

Building

Bathroom Total	1
Appliances	All
Cooling Type	Fully Air Conditioned
Heating Fuel	Natural Gas
Heating Type	Forced Air
Size Interior	23,476 Ft2
Utility Water	Municipal Water

Parking

Other

Land

Acreage	No
Size Depth	250 Ft ,7 In
Size Frontage	100 Ft ,3 In
Size Irregular	100.3 X 250.66 Ft
Size Total Text	100.3 X 250.66 Ft
Zoning Description	Aa, C

https://www.realtor.ca/real-estate/29592518/879-west-5th-street-hamilton-kernighan-kernighan