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Home ON Greater Hamilton Hamilton Dundas
50 CREIGHTON Road
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50 CREIGHTON Road $6,995,000
1 day ago
$6,995,000
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50 CREIGHTON Road
Dundas, Ontario L9H3B6

MLS® Number: 40724990

Listing Description

PRIME DEVELOPMENT OPPORTUNITY: This 2.39-acre waterfront property on Spencer Creek in downtown Dundas is currently being rezoned (‘Medium Density Multiple Dwelling–RM3 Modified’) for an 8-storey, 120-unit condominium development. The zoning will also allow for a retirement facility and there is still a massive upside potential with a maximum build allowance up to 12 storeys and 170 units. A full application has been submitted including the following studies: Hydrogeological; Geotechnical; Functional Servicing & Stormwater Management; Noise Impact; Sun/Shadow; Wind; Parking Analysis & Transportation Management. This luxury apartment style building will comprise of one, two, and three-bedroom configurations. The building is designed with recessed balconies enhancing its visual appeal. To accommodate residents, the development includes a total of 144 parking spaces in an underground garage along with 120 storage lockers and dedicated bicycle parking. However, a revised zoning by-law will allow for a reduction to a total of 78 spaces significantly reducing the underground requirements. A rooftop amenity space is also included in the plan. Access to the site is from the west side of Creighton Road, ensuring efficient circulation for both residents and visitors. The site is currently occupied by a single-storey building containing 10 rental units with plenty of interim opportunity. Located directly in front of Spencer Creek Trail connecting to the entire Dundas Valley Conservation with easy access to Webster Falls and the Dundas Valley Golf and Curling Club. This site is conveniently located on a bus route and just steps to the historic downtown Dundas with a vibrant mix of restaurants, shopping and amenities. This development represents a strategic use of land in alignment with the City of Hamilton’s Urban Official Plan and Design Guidelines. It notably advances the core objectives of intensification while considering the form and functional characteristics of the area. (68986638)

Location Description

Follow Hamilton Regional Rd 8 to Creighton Rd. (turn right onto Cootes Dr/ Hamilton Regional Rd 8:turn left onto Market St S; continue onto Creighton Rd. Destination will be on the right).

Property Summary

Property Type
Vacant Land
Subdivision Name
410 - Governor’s Rd
Title
Freehold
Land Size
2.39 ac|2 - 4.99 acres
Annual Property Taxes
$22,218.43
Time on REALTOR.ca
1 day

Building

Interior Features
Basement Type
None
Building Features
Features
Corner Site
Utilities
Utility Type
Cable (Available), Electricity (Available), Natural Gas (Available)
Utility Communications
Fiber
Utility Sewer
Municipal sewage system
Water
Municipal water
Neighbourhood Features
Amenities Nearby
Hospital, Public Transit, Schools

Land

Lot Features
Frontage
315 ft
Land Depth
388 ft
Other Property Information
Access
Road access, Highway access
Zoning Description
RM2-FP, OS
Data provided by: Cornerstone - Hamilton-Burlington 505 York Boulevard, Hamilton, Ontario L8R 3K4

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