202-196 Upper Mount Albion Road

About this home

Exceptional development opportunity in a high-traffic, high-demand commercial corridor, strategically positioned directly across from Cineplex and surrounded by established restaurants, cafes, 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.

Details

Type

Land

Lot

285 × 200 ft

Property tax

$1 (2025)

Neighbourhood

Stoney Creek Mountain

Municipality

Hamilton

Heating, cooling and services

Water and sewer

Sanitary

Utilities

Yes

Building and exterior

Building area

57,350 Square Feet

More

Possession

TBD

Cross street

Artfrank St & Upper Mt Albion Rd