256 First Road, Hamilton, ON
L8J 1K9
Listed August 7, 2026
About this property
Conditionally SITE PLAN APPROVED for a 25-unit townhouse development situated on a 1.47-acre site in Upper Stoney Creek. This rarely offered development site presents an outstanding opportunity for builders and investors. The property is zoned RM3-70-H (Multiple Residential). With frontage on both First Road West and Mud Street West, the site backs onto a stormwater pond, providing added privacy with no future rear development. Servicing permits have been issued, making this shovel-ready site well-positioned for future construction. Located just west of Upper Centennial Parkway, the property is surrounded by established neighbourhoods, ongoing residential growth, and convenient access to major highways, transit, shopping, schools, and parks.
Property Details
Listing
Property
Parking & Land
Location
Taxes & Financials
Cost of Ownership Calculator
What it could cost each month to own 256 First Road — mortgage, property taxes, fees, insurance, utilities and upkeep. Change any number to match your situation.
Your mortgage
$959,998 · Minimum $959,998
Use the rate your lender or broker quotes you.
Monthly costs
Estimated at about 0.8% of the price — the listing doesn't show the tax.
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One-time costs
A typical estimate — your lawyer will confirm.
Estimated monthly cost of ownership
$24,432/mo
About $293,184 a year
- $21,232
- $3,200
Cash needed to close
- Down payment (20%)
- $959,998
- Ontario land transfer tax
- $106,475
- Legal fees, title insurance & inspectionEstimate
- $2,500
- Total
- $1,068,973
Estimates only — not a mortgage approval, quote or tax advice. Payments assume a fixed rate compounded semi-annually; minimum down payments, mortgage insurance and land transfer tax follow current CMHC and Ontario rules. Insurance, utilities and upkeep are typical figures for the area. Your lender, lawyer and insurer will confirm your exact costs.
Location & Walkability
256 First Road, Hamilton, ON
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Last Updated: August 7, 2026
Listing Office: RE/MAX ESCARPMENT REALTY INC.
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