UPDATED:
10/24/2024 07:53 PM
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 40592749
Originating Board Waterloo Region
Annual Tax Amount $3,804
Lot Size 0.645 Acres
Acres 0.645
Property Description
EXISTNG:
"District Commercial" zoning and secondary plan designation permitting retail, personal service, financial establishment, offices, restaurants, medical clinics, studios, places of assembly, and motor vehicle related uses (including gas). Residential uses permitted above commercial uses provided less than 50% of the total gross floor area of a building (max height 3-storey)
UPSIDE POTENTIAL:
To accommodate Hamilton?s forecasted growth over the next 30 years, a significant amount of intensification will need to occur across the built-up area. Part of the City's plan is 'Up Zoning? of Urban Corridors and major and minor arterial roads to the ?missing middle? which is considered 12 storeys or less.
The on-going Residential Zones Project, is currently at Phase 2 which has introduced two new Mid Rise Residential Zones (R3 and R3a), allowing denser uses on arterial roads. The next step is to apply the R3 and R3a Zones to properties along arterial roads. This could occur as early as November 2024.
Subject property is on a major arterial road, adjacent to retail amenities, and residential only on 1-side, is an ideal candidate for 'Up Zoning?. In fact, current ownership has begun the process of exploring increased density and is expecting formal consultation comments back any day now for a proposed 9-storey, 96 unit, mixed use building.
Location
Province ON
County Hamilton
Area 53 - Glanbrook
Zoning C6 E:337 E:570
Direction QEW to Centennial Parkway or Highway 403 to Highway 6 South to White Church Road E
Rooms
Other Rooms Drive Shed
Kitchen 0
Interior
Fireplace No
Exterior
Utilities Available Electricity Connected, Natural Gas Connected
Waterfront No
Lot Frontage 145.6
Garage No
Building
Lot Description Urban, Square, High Traffic Area, Schools
Faces QEW to Centennial Parkway or Highway 403 to Highway 6 South to White Church Road E
Sewer Sewer (Municipal)
Water Municipal
New Construction No
Others
Senior Community false
Tax ID 173840200
Ownership Freehold/None
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