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$ 4,200,000
Est. payment /mo
Price Dropped by $300K
3140 Binbrook RD Hamilton, ON L0R 1C0
85,465 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Square Footage 85,465 sqft
Price per Sqft $49
Subdivision Binbrook
MLS Listing ID X12038322
Annual Tax Amount $4,848
Tax Year 2024
Property Sub-Type Land
Property Description
Discover a prime residential development opportunity in the heart of Binbrook, one of Hamilton's fastest-growing communities. This 1.962-acre site at 3140-3150 Binbrook Road is draft-plan approved for 24 townhome units, each featuring three bedrooms and three bathrooms, with additional potential for three single detached lots on the northern portion. Situated in a highly desirable location, this property offers complete municipal services. It is within walking distance of shopping, restaurants, and schools, providing easy access to Highway 403,Lincoln Alexander Parkway, and the QEW via Redhill. Zoned RM3-321, this site supports medium-density residential development, making it an ideal investment for builders and developers looking to meet the strong demand for family housing in this thriving area. With a total buildable area of approximately 44,800 square feet and appraised at $5,850,000 as of2023, this is a rare opportunity to develop in a growing neighbourhood with small-town charm and big-city convenience.
Location
Province ON
County Hamilton
Community Binbrook
Area Hamilton
Zoning RM3-321,R4-310-H (RES MULTIPLE)
Interior
Cooling No
Exterior
Utilities Available Available
Lot Frontage 200.0
Lot Depth 426.56
Listed by RE/MAX PREMIER INC.