$7,999,900
 $42,945 est/mo Sourced by Back At You

202-196 Upper Mount Albion Road,Hamilton, ON L8J 1V4

Hamilton, ON L8J 1V4

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Description

Exceptional development opportunity in a high-traffic, high-demand commercial corridor, strategically positioned directly across from Cineplex and surrounded by established restaurants, cafes, 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.

Details

MLS #X13718754
Listing TypeFor Sale
Sub-TypeResale
StatusNew
Year0
Days On Site74
Listing Provided ByRE/MAX ABOUTOWNE REALTY CORP. | X13718754 083608

Features

SQ Feet57,350
Acreage1.32

Utilities

UtilitiesYes
SewerSanitary

Taxes

Tax Annual Amount1
Tax TypeAnnual
Tax Legal DescriptionPT LT 32, CON 7 SALTFLEET , AS IN CD357996 ; STONEY CREEK CITY OF HAMILTON
Tax Year2025

Area Information

ProvinceON
CountyHamilton
CityHamilton
Postal CodeL8J 1V4
AreaStoney Creek Mountain
Listing VS Median (in L8J 1V4)
Price:
$7,999,900
low | high
Med:
$7,999,900
50% of Average
sqft:
57,350
low | high
Med:
57,350
50% of Average
$ / sqft:
$139
low | high
Med:
$139
50% of Average
On site:
74
low | high
Med:
74
100% of Average
Sourced by Back At You

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Additional Information

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Learn More About This Property

TAMARA CULHAM

TAMARA CULHAM

Coldwell Banker The Real Estate Centre

 (705) 446-8995tamaraculham@gmail.com
ProvinceON
CountyHamilton
CityHamilton
Postal CodeL8J 1V4
AreaStoney Creek Mountain
Listing VS Median (in L8J 1V4)
Price:
$7,999,900
low | high
Med:
$7,999,900
50% of Average
sqft:
57,350
low | high
Med:
57,350
50% of Average
$ / sqft:
$139
low | high
Med:
$139
50% of Average
On site:
74
low | high
Med:
74
100% of Average
Sourced by Back At You
Listing Updated: October 28, 2026 at 4:01:25 PM PDT