202-196 Upper Mount Albion Road,Stoney Creek, ON L8J 1V4
Stoney Creek, ON L8J 1V4
Description
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
| MLS # | 40858739 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 63 |
| Listing Provided By | RE/MAX Aboutowne Realty Corp. | Duncan Harvey |
Features
| Zoning | C5 |
|---|---|
| Acreage | 1.32 |
Interior
| Cooling Yes / No | No |
|---|
Exterior
| Lot Features | Urban, High Traffic Area, Public Transit, Schools, Other |
|---|
Utilities
| Utilities | Electricity Available, Natural Gas Available, Other |
|---|---|
| Sewer | Sanitary |
Taxes
| Tax Annual Amount | 1 |
|---|
Area Information
| Province | ON |
|---|---|
| County | Hamilton |
| City | Stoney Creek |
| Postal Code | L8J 1V4 |
| Area | 50 Stoney Creek |
| Subarea | 501 Valley Park |
| Community Name | 501 Valley Park |
| Listing VS Median (in 501 Valley Park) | |
Price: $7,999,900 low | high Med: $719,900 On site: 63 low | high Med: 1 | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Hamilton |
| City | Stoney Creek |
| Postal Code | L8J 1V4 |
| Area | 50 Stoney Creek |
| Subarea | 501 Valley Park |
| Community Name | 501 Valley Park |
| Listing VS Median (in 501 Valley Park) | |
Price: $7,999,900 low | high Med: $719,900 On site: 63 low | high Med: 1 | |
