879 West 5th Street, Hamilton, ON L9C 5R4
For Sale
16 days on Market
MLS® X12920756
1 / 7
Overview
Active
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
879 West 5th Street, Hamilton, ON L9C 5R4
Purchase Calculator
$1,648,988.00
$346,287.48
⚙️ Rate
Your mortgage interest rate can either be Fixed for the term or Variable.
4.70%
🧾 Amortization
30 years
Scenario Options
First-time Buyer
Newly Built
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💸 Rental Income
🏠 Home Expenses
$900.00
100%
$400.00
📉 Taxes
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🛠️ Maintenance
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Total Monthly Cost
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0
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Other expenses
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- Monthly Mortgage$0.00
- Home Expenses$0.00
- Other Expenses$0.00
- Rental Income$0.00
Mortgage Amount
$0.00
Closing Costs
$0.00
Mortgage Payment$0.00
Net Mortgage$0.00
Interest paid over term$0.00
Balance end of Term$0.00
Effective Amortization30 Years
Property Location
879 West 5th Street, Hamilton, ON L9C 5R4
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