879 WEST 5TH STREET,Hamilton (Kernighan),Ontario,L9C5R4
For sale
$1,648,988
879 WEST 5TH STREET,Hamilton (Kernighan),Ontario,L9C5R4
This premier development assembly represents a rare, investment in the heart of Hamilton's most stable growth corridor. Featuring exceptional dual-street frontage and an expansive, "oasis-like" footprint, the site is perfectly positioned for high-density intensification or premium subdivision. The property is uniquely prepared for immediate action, boasting approved severance for two rear lots and existing municipal servicing (water/sewer) for up to 4 lots, significantly reducing "soft cost" timelines and site preparation hurdles. Investors can capitalize on an immediate revenue stream from the existing well-maintained bungalow to offset carrying costs while navigating the approvals for a 6-storey residential mid-rise (32-56 units), 12 luxury townhomes, or a four-lot detached enclave. Strategically located near the Stone Church and West 5th corridor, the site sits minutes from Mohawk College's Fennell Campus, making it an elite candidate for high-yield student housing or professional rentals. This is a versatile, high-potential redevelopment site in a high-demand neighborhood where the infrastructure is already in place to support your vision. (id:63658)
PROPERTY SUMMARY
| MLS® # | : | X12987724 |
| Listing price | : | $1,648,988 |
| Listed on | : | 14-04-2026 |
| Property subtype | : | For sale |
| Square footage | : | 23476 sqft |
| Year built | : | 0000 |
| Listing office | : | RE/MAX REAL ESTATE CENTRE INC. |
BEDROOM & BATHROOM
| Total bedrooms | : | 0 Bedrooms |
| Total bathrooms | : | 1 Bathrooms |
BUILDING
| Building type | : | |
| Parking | : | Other |