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$1,200,000

MLS# X12428216

202 Cannon Street

Hamilton, ON L8L 2A8

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Year Built

New Listing· Listed TodayPopular· 168 views todayHot Property· High interest
About This Property

INVESTORS & DEVELOPERSTake Note! Exceptional opportunity to secure a prime corner lot in the heart of downtown Hamilton. Located at Cannon & Cathcart, this approximately 67' x 85' property offers immense potential for residential development. The site is currently vacant with services disconnected, ready for demolition and transformation. A proposed 6.5-storey, 26-unit apartment building is already in motion, with Site Plan Approval well underway. Bonus: an Environmental Risk Assessment is in progress and approved for reimbursement through the Citys ERASE Redevelopment Grant Program. Zoned D5, this lot offers flexibility and vision in a rapidly growing urban market. Don't miss out on this chance to invest in a prime location with endless possibilities!

Property Details

Property Type

Residential Freehold

Year Built

N/A

Lot Size

N/A

Garage

N/A

Basement

N/A

Heating

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Cooling

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Parking Spaces

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Location

Map View

202 Cannon Street, Hamilton, ON

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Mortgage Calculator

$1,200,000

20% ($240,000)

Minimum 5% for homes under $500K, 20% to avoid CMHC insurance

5.5%
25 years

Estimated Monthly Payment

$5,895

*Principal & Interest only. Does not include taxes or insurance.

Principal$960,000
Total Interest$808,572
Total Cost$2,008,572
Jagtar Singh

Jagtar Singh

RE/MAX Realty Specialists Inc.

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