11 SPRINGSIDE Drive

Jerome/Ryckman's Cors, Hamilton · MLS® 40864902

0 sq ft lot · Land · Vacant Land · 35 days on market

listed by John Diliberto, RE/MAX Escarpment Realty Inc.

realtor's description

Residential infill lot zoned and for 7 Freehold townhouse units . Located at the corner of Rymal Road and Springside Drive. Lot size frontage 168ft x180 ft . 11 Springside was rezoned from B to RT-30/H (street Townhouse) District . Holding to permit the development of seven street townhouses approved by City of Hamilton Planning Committee in late 2022 under application ZAC -19-056 . Builder can benefit with the announced $572 million federal-provincial investment to Hamilton Housing infrastructure. The City has committed to eliminating development charges for a three -year period until March 31st/2029 Buyers savings Benefit with HST rebate on new residential first time buyer. WIN - WIN FOR BUILDERS AND BUYERS Great location for Towns, steps to Upper James and all amenities, shopping, public transit, McDonald's, Tim Hortons etc. Easy access to the Linc Expressway and 403 Highway. Tenants Pay $2,600.00 per month plus utilities. Special Note.The Seller will assist with VTB if required

property details

type: Land, Vacant Land
lot: 0 sq ft
parking: 0
property tax: $6,540 / yr
days on market: 35
MLS®: 40864902

features

Corner Site

monthly cost

$7,516/mo

Mortgage $6,971 · Tax $545

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

estimated payment

$6,971/ monthly

loan $1,280,000

25-year amortization

down payment20% · $320,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 24, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $811,314
cash to close: $320,000; down payment; transfer tax and fees not included
total paid: $2,091,314

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