3140-3150 Binbrook Road Hamilton, Ontario L0R 1C0

85,465 ft2
None No Heat

$3,650,000

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 potential for three single-detached lots in the northern portion. Zoned RM3-321 and fully serviced, the property is within walking distance of shopping, restaurants, and schools, and offers convenient access to Highway 403, the Lincoln Alexander Parkway, and the QEW via Red Hill. In addition to the current approvals, a more efficient site layout and building configuration may support an increased yield of approximately 44 townhouse units, subject to municipal approvals and the purchaser's own planning review and due diligence. 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. (id:63616)

Business

Business Type Residential
Business Sub Type Residential

Property Details

MLS® Number X13091216
Property Type Vacant Land
Community Name Binbrook

Building

Cooling Type None
Heating Type No Heat
Size Interior 85,465 Ft2

Land

Acreage No
Sewer Septic System
Size Depth 426 Ft ,6 In
Size Frontage 200 Ft
Size Irregular 200 X 426.56 Ft ; Irreg: Rear: 200.46; West: 426.67
Size Total Text 200 X 426.56 Ft ; Irreg: Rear: 200.46; West: 426.67
Zoning Description Rm3-321,r4-310-h (res Multiple)

https://www.realtor.ca/real-estate/29709735/3140-3150-binbrook-road-hamilton-binbrook-binbrook

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