0, 468 & 474 Millen Road

Lakeshore, Hamilton · MLS® X13232196

1 sq ft · 1 sq ft lot · Land · Vacant Land · 143 days on market

listed by John Haze, Strive Realty Ltd.

realtor's description

Opportunity Knocks! This lakeside development project is ready for its owner with powerful lending support offered for a suitable buyer. This package consists of three parcels sold together totaling 1.376 acres, 2 road access points and a high density outlook. 2023 proposal for 16 storey\\ 220 residential units appraised at a completed value estimate of 155m and as is value 6.28m. Seller will hold mortgage at attractive rates subject to approval. Bank this property now with strong lending and benefit later as the market restarts. The area consists of property on millen on east side bounded by cherry beach and north service road. Some properties are tenanted do not walk the property without an appointment and do not attempt to enter dwellings.

property details

type: Land, Vacant Land
living area: 1 sq ft
lot: 1 sq ft
parking: 0
property tax: $14,473 / yr
days on market: 143
MLS®: X13232196

monthly cost

$19,941/mo

Mortgage $18,735 · Tax $1,206

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$18,735/ monthly

loan $3,440,000

25-year amortization

down payment20% · $860,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 25, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $2,180,406
cash to close: $860,000; down payment; transfer tax and fees not included
total paid: $5,620,406

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.