50 Creighton Road , Dundas ON L9H 3B6

Sale $6,995,000  | 
Listing # 40724990
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Margaret Reid

Margaret Reid

Sales Representative

Phone: 905.574.4600
Fax: 905.574.4345
Mobile: 905.973.1741

margaretreid@royallepage.ca
www.movewithmarg.com

Royal LePage State Realty, Brokerage (Independently owned and operated)

Brokerage

987 Rymal ROAD EAST
Hamilton,  ON L8W3M2

Remarks:

PRIME DEVELOPMENT OPPORTUNITY: This 2.39-acre waterfront property on Spencer Creek in downtown Dundas is currently being rezoned (‘Medium Density Multiple Dwelling–RM3 Modified’) for an 8-storey, 120-unit condominium development. The zoning will also allow for a retirement facility and there is still a massive upside potential with a maximum build allowance up to 12 storeys and 170 units. A full application has been submitted including the following studies: Hydrogeological; Geotechnical; Functional Servicing & Stormwater Management; Noise Impact; Sun/Shadow; Wind; Parking Analysis & Transportation Management. This luxury apartment style building will comprise of one, two, and three-bedroom configurations. The building is designed with recessed balconies enhancing its visual appeal. To accommodate residents, the development includes a total of 144 parking spaces in an underground garage along with 120 storage lockers and dedicated bicycle parking. However, a revised zoning by-law will allow for a reduction to a total of 78 spaces significantly reducing the underground requirements. A rooftop amenity space is also included in the plan. Access to the site is from the west side of Creighton Road, ensuring efficient circulation for both residents and visitors. The site is currently occupied by a single-storey building containing 10 rental units with plenty of interim opportunity. Located directly in front of Spencer Creek Trail connecting to the entire Dundas Valley Conservation with easy access to Webster Falls and the Dundas Valley Golf and Curling Club. This site is conveniently located on a bus route and just steps to the historic downtown Dundas with a vibrant mix of restaurants, shopping and amenities. This development represents a strategic use of land in alignment with the City of Hamilton’s Urban Official Plan and Design Guidelines. It notably advances the core objectives of intensification while considering the form and functional characteristics of the area.
Inclusions:  10 Fridges, 10 Stoves
Exclusions:  Tenant Belongings.

Vacant Land : Vacant Land

Lot Frontage: 314.75 Feet
Lot Depth: 387.54 Feet
Zoning: RM2-FP, OS

Property Features:

Acres Range: 2-4.99
Lot Features: Urban , Irregular Lot , Ample Parking , Business Centre , Corner Lot , City Lot , Highway Access , Hospital , Public Transit , Schools
Road Frontage Type: Municipal Road
Sewer: Sewer (Municipal)
Utilities: Cable Available , Electricity Connected , Fibre Optics , Natural Gas Connected , Street Lights
Water Source: Municipal