879 West 5th Street, Hamilton, ON L9C 5R4

For Sale 16 days on Market MLS® X12920756
Asking Price
$1,648,988
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Overview
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Prime West Mountain Development Opportunity | Hamilton MountainExceptional investment opportunity in a highly sought-after West Mountain location with rare frontage on two streets. This expansive, oasis-like city lot offers outstanding flexibility for builders, developers, and investors alike.The existing bungalow is well-suited for occupancy, allowing you to live in or rent out the home while you begin planning and construction-an ideal setup to offset carrying costs during development.Approved severance is already in place, allowing for two rear lots to accommodate the construction of additional homes. The property is fully serviced with water and sewer connections for up to 4 lots, saving valuable time and development costs.Explore a wide range of possibilities: sever into 2 premium lots, create 4 spacious 50 ft lots, or take advantage of the zoning change on the front portion, which permits a potential 6-storey residential building with an estimated 32-56 units. There is also the option to develop up to 12 townhouses or residences using MLI Select financing.Ideally located near Stone Church and West 5th Street, this property is just minutes from Mohawk College's main Fennell Campus, located directly on West 5th Street -making it highly attractive for student housing or rental development.Close to schools, shopping, transit, and all key amenities in a rapidly growing area.A rare opportunity to secure a versatile, high-potential redevelopment site in one of Hamilton Mountain's most desirable neighborhoods. Don't miss out on this incredible opportunity!
Bedrooms
3
Bathrooms
1.0
Area
1,300 sqft
Lot Size
0.6 acres
Type
Detached

Property Details

Year Built1951
CityHamilton
Postal CodeL9C5R4
Lot Dimensions100.30 × 250.66 ft
Parking5 spaces

Interior Features

Heat: Forced Air
Heat Source: Gas
Cooling: Central Air
Style: 1 Storey/Apt

Exterior & Land

Sewer: Sewer
Construction: Aluminum Siding
Roof: Asphalt Shingle

Utilities & Services

Heat SourceGas
SewerSewer

Financial Information

List Price$1,648,988
Annual Taxes$5,569 (2026)
Days on Market16
MLS® X12920756 • Listed by RE/MAX REAL ESTATE CENTRE INC.
879 West 5th Street, Hamilton, ON L9C 5R4
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$1,648,988.00
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Effective Amortization30 Years
Property Location
879 West 5th Street, Hamilton, ON L9C 5R4
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