$5,000,000

50 Creighton Road

Dundas ON, L9H 3B6

Description

***ATTENTION: DEVELPERS AND BUILDERS***; MID RISE RESIDENTIAL CONDO OPPORTUNITY (UP TO 75-120 UNITS) DOWNTOWN DUNDAS! One of kind property; 2.4 acres with Medium Density Multiple Dwelling( RM2)-Zoning. Present site plan concept of a 75-unit residential condominium development (based on HCA requirements) and potential rezoning to High Density allowing up to 120 units. Excellent site-2 blocks from downtown; surrounded by 100-year old mature trees & beautiful nature walking trails. Current structure on the property is a 10-unit tenanted multi-residential building. Value in Land. Buyer to do own due diligence. Income & expense. Topographic Survey; Erosion Hazard Assessment; Zoning certificate and site plan concept available. Assumable-open VTB (2.1 million-0% and 0 payments for the first 2 years; 3% & 3.5% yr 4).

Details

MLS#H4093265
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusActive
Days On Site15

Features

Story(s)1
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Area Information
ProvinceON
CountyHamilton
CityDundas
Postal CodeL9H 3B6
AreaHamilton
Listing VS Median (in L9H 3B6)
Price:
$5,000,000
low | high
Med:
$5,000,000
50% of Average
On Site:
15
low | high
Med:
16
93.75% of Average
Listing Updated: December 2, 2020 8:02:30 PM PST
Jason Gallace LogoMLS Number: H4093265
Listing Provided By:
Jason Gallace  of  Royal LePage State Realty
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Hamilton-Burlington.