$3,999,900

About this property

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 in the northern portion. In addition to the current approvals, a more efficient site layout and building configuration may support an increase in yield of approximately 44 townhouse units, subject to municipal approvals and the purchaser's planning review and due diligence. Zoned RM3-321 and fully serviced, the property is within walking distance of shopping, restaurants, and schools, and offers convenient access to Highway 403, Lincoln Alexander Parkway, and the QEW via Redhill. With approximately 44,800 square feet of buildable area and an appraised value of $5,850,000 (2023), this is a rare opportunity for builders and developers seeking to meet strong demand for family housing in a growing community that blends small-town charm with big-city convenience. The seller can assist with financing.

Features

Property Details

Location & Walkability