$27,900,000 Sale

Listed 1 day

478 - 490 First Road W

MLS® 40876903 Residential

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Beds · 0

Baths · 0

Parking · -

Sqft · -

Est. mortgage

$105,844/mo

Property Taxes

$1,750/yr

Key Facts

Key facts for 478 - 490 First Road W

Property Type

Lots/Land

Parking

MLS #

40876903

Size

Basement

Listed on

2026-11-06

Lot size

Tax

$1,750 /yr

Days on Market

Year Built

Maintenance Fee

Description

Recent development charge and HST relief materially improve the economics of this opportunity. Hamilton has been approved for up to $572 million in funding supporting a 100% residential DC reduction for three years, structured to apply retroactively from March 30, 2026 once the program is fully impl...emented. The federal-provincial partnership also provides expanded HST relief, with potential savings of up to $130,000 per homebuyer. Within an approved Secondary Plan, the 21.50-acre developable site is progressing through planning review/draft plan submission for approximately 195 single-detached ad townhouse units, providing a significant head start toward development. The Secondary Plan framework supports up to 285 residential units, with the current ownership having advanced a 195-unit concept plan. The Draft Plan process was paused just prior to approval, providing a purchaser with the flexibility to advance the existing plan or tailor the development, unit mix and housing product to their own vision., Directions:Highway 403 to Lincoln Alexander Parkway to Mud Street to First Road West, Exclusions:

Full Property Details

Interior

Washrooms

Kitchens

Fireplace

Washrooms

Kitchens

Fireplace

Exterior

Depth

1315.59

Acreage

21.50

Lot Size

936540.00 acres

Lot Dimensions

711.26 x 1315.59

Waterfront

Unspecified

Parking Spaces

Total Parking Spaces

Garage Spaces

Zoning

ND (Neighbourhood Development)

Depth

1315.59

Acreage

21.50

Lot Size

936540.00 acres

Lot Dimensions

711.26 x 1315.59

Waterfront

Unspecified

Parking Spaces

Total Parking Spaces

Garage Spaces

Zoning

ND (Neighbourhood Development)

Building Description

Property Type

Residential

Home Type

Lots/Land

Subtype

Residential

Sewers

Sewer (Municipal)

Water Supply

Municipal

New Construction

Common Interest

Freehold/None

Property Type

Residential

Home Type

Lots/Land

Subtype

Residential

Sewers

Sewer (Municipal)

Water Supply

Municipal

New Construction

Common Interest

Freehold/None

Community

500 - Heritage Green

Community

500 - Heritage Green

Taxes & Fees

Taxes

$1,750 /yr

Taxes

$1,750 /yr

Other

Directions

Highway 403 to Lincoln Alexander Parkway to Mud Street to First Road West

Directions

Highway 403 to Lincoln Alexander Parkway to Mud Street to First Road West

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Mike Mossuto

Email: [email protected] Cell: 905-929-3473