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STAN KHURANA
Sales Representative


Cell: 647-383-6000
Office: 905-883-1988
Fax: 905-883-8108

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CENTURY 21 ATRIA REALTY INC., BROKERAGE
Independently owned and operated.
C200-1550 Sixteenth Ave Bldg C Richmond Hill, ON L4B3K9


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$8,199,900
Available - For Sale
Listing ID: X12754072
Exceptional development opportunity in a high-traffic, high-demand commercial corridor, strategically positioned directly across from Cineplex and surrounded by established restaurants, cafés, and national retail. This prime parcel benefits from outstanding visibility, strong pedestrian activity, and a proven consumer base. The site currently features one commercial building and three residential dwellings, generating stable interim income to offset holding costs while development approvals and planning are advanced. Existing zoning supports two compelling development scenarios. The first contemplates a nine-storey mixed-use condominium with approximately 232 residential units and ground-floor commercial space. The second allows for two six-storey purpose-built rental buildings totalling 99 units, also with retail at grade and well positioned to leverage CMHC-backed rental financing programs. Both concepts align with the area's continued intensification, population growth, and sustained demand for mid-rise, transit-oriented residential living. With walkable amenities, strong demographics, and flexible mixed-use potential, this asset offers meaningful upside for developers and investors seeking either near-term execution or a strategic long-term hold in a thriving commercial node. Some photos are renderings.
Price $8,199,900
Taxes: $1
Tax Type: Annual
Occupancy by: Vacant
Address: 202-196 Upper Mount Albion Road , Hamilton, L8J 1V4, Hamilton
Postal Code: L8J 1V4
Province/State: Hamilton
Legal Description: PT LT 32, CON 7 SALTFLEET , AS IN CD3579
Directions/Cross Streets: Artfrank St & Upper Mt Albion Rd
No. of Pieces Level
Washroom 1:  0
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Washroom 19:  0
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Washroom 32:  0
Washroom 33:  0
Washroom 34:  0
Washroom 35:  0
Category: Designated
Total Area: 57,350.06
Total Area Code:  Square Feet
Maintenance: 0
Sewers: Sanitary
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ROYAL LEPAGE REAL ESTATE SERVICES LTD.

202-196 Upper Mount Albion Road , Hamilton, L8J 1V4, Hamilton

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Stan Khurana
Sales Representative
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6473836000
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Type: Com - Land
Area: Hamilton
Municipality: Hamilton
Neighbourhood: Stoney Creek Mountain
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Lot Size: x 200.00(Feet)
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Tax: $1
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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