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!
Details
X12920756
Carport/4
$1,648,988
Owner
None
1 + 1
1 Storey/Apt
3
1
1100-1500 Sqft
N/A SquareFeet
51-99
Detached
Sale
Additional details
Forced Air / Gas
AA, C
$5569.33
2026
PT LT 10, PL 427 , AS IN HL170606 ; HAMILTON
N/A
N
Full
Central Air
Public Transit,Place Of Worship,School
Municipal
Rooms
Living Room
Main Level
3.66 x 4.88
Dining Room
Main Level
3.66 x 3.05
Kitchen
Main Level
3.05 x 3.66
Bathroom
Main Level
0 x 0
Bedroom
Main Level
3.35 x 2.74
Bedroom 3
Main Level
4.88 x 3.66
Schools Nearby
Mortgage Calculator
Total Amount
Down Payment
Loan Term
Interest Rate
Down Payment
Loan Amount
Monthly Mortgage Payment
Land Transfer Tax
CMHC
Estimate Your Rental Return
Enter your expected mortgage, annual expenses, and rental income to calculate monthly cash flow for this Toronto investment property.
$
$
$
3%
Monthly Cash Flow
—
net per month
Annual Cash Flow
—
net per year
Monthly Costs
—
mortgage + expenses
Cost Coverage
—
costs vs rent
—
Toronto · Ontario · Estimates only. Not financial or investment advice. Consult a licensed mortgage broker and accountant before making investment decisions.
FAQ
What is the total square footage of the X12920756 - 879 West 5th Street, Hamilton, ON L9C 5R4?
The total square footage of this property is 1100-1500 SqFt.
What schools near to X12920756 - 879 West 5th Street, Hamilton, ON L9C 5R4?