202-196 UPPER MOUNT ALBION ROAD Hamilton

202-196 UPPER MOUNT ALBION ROAD, Hamilton, Ontario

$8,199,900

  • 57,350 Square Feet
Exceptional development opportunity in a high-traffic, high-demand commercial corridor, strategically positioned directly across from Cineplex and surrounded by established restaurants, cafés, and national retail. This prime parcel benefits from outstanding visibility, strong pedestrian activity, and a proven consumer base. The site currently features one commercial building and three residential dwellings, generating stable interim income to offset holding costs while development approvals and planning are advanced. Existing zoning supports two compelling development scenarios. The first contemplates a nine-storey mixed-use condominium with approximately 232 residential units and ground-floor commercial space. The second allows for two six-storey purpose-built rental buildings totalling 99 units, also with retail at grade and well positioned to leverage CMHC-backed rental financing programs. Both concepts align with the area's continued intensification, population growth, and sustained demand for mid-rise, transit-oriented residential living. With walkable amenities, strong demographics, and flexible mixed-use potential, this asset offers meaningful upside for developers and investors seeking either near-term execution or a strategic long-term hold in a thriving commercial node. Some photos are renderings. (id:50004)
  • Listing ID: X12754072
  • Property Type: Vacant Land

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Details

  • Transaction: For sale
  • Zoning Description: C5

Building

  • Fireplace Present: False
  • Size Interior: 57350 sqft
  • Utility Water: Municipal water

Land

  • Sewer: Sanitary sewer
  • Size Frontage: 285 ft
  • Size Irregular: 285 x 200 FT

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    This property for sale is located at 202-196 UPPER MOUNT ALBION ROAD in Hamilton. It was last modified on April 21st 2026.
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