16 Cannon ST E, Hamilton, ON L8L 1Z5
16 Cannon ST E, Hamilton, ON L8L 1Z5
16 Cannon ST E, Hamilton, ON L8L 1Z5
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Calvin Chen

Calvin Chen

+1(416) 953-0893
$ 3,000,000
Est. payment | /mo

9,453 Sqft Lot

Save
$ 3,000,000
Est. payment | /mo
Save

9,453 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft < 700

Subdivision Beasley

MLS Listing ID X13432900

Style 2-Storey

Annual Tax Amount $18,282

Tax Year 2025

Lot Size 9,453 Sqft

Property Sub-Type Multiplex

Property Description

16 Cannon Street East represents a premier high-density redevelopment site in the heart of downtown Hamilton. The site is conditionally approved for a 16-storey, 130-unit residential tower totaling 89,066 SF of GFA. It is ideally situated within walking distance of West Harbour GO, Hamilton GO Centre, and the upcoming LRT stop, offering unmatched transit connectivity. The current use is a legally nonconforming 8-unit apartment building. The vendor makes no representations and warranties. Sold "as is, where is. Potential 132,000 SF High-Density Development Opportunity in Downtown Hamilton. A new owner has the ability to take the site back to the Committee of Adjustment and apply for additional height, unlocking up to 132,000 SF of total Gross Floor Area (GFA). This aligns with Downtown Hamilton's high-rise intensification policies that support up to 30 storeys. The opportunity allows for significant added density at a competitive land cost of approximately $35 per buildable square foot.

Location

Province ON

County Hamilton

Area Hamilton

Rooms

Family Room No

Basement Other

Kitchen 0

Interior

Interior Features Other

Cooling Other

Fireplace No

Heat Source Other

Exterior

Exterior Feature Controlled Entry

Parking Features Available

Pool None

Roof Type Unknown

Topography Flat

Lot Frontage 114.0

Lot Depth 110.0

Total Parking Spaces 8

Building

Foundation Unknown

Others

ParcelsYN No

Listed by AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP

Nearby Locations

Calvin Chen

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(416) 953-0893

old-1787131434878-calvin@elitesold.com

50 Leek Cres, Richmond Hill, ON L4B 4J3, CAN

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16 Cannon ST E