256 First Road W

Stoney Creek, Hamilton · MLS® X13652576

Land · Vacant Land · 78 days on market

listed by DENIS IBRAHIMAGIC, RE/MAX ESCARPMENT REALTY INC.

realtor's description

Conditionally SITE PLAN APPROVED for a 25-unit townhouse development situated on a 1.47-acre site in Upper Stoney Creek. This rarely offered development site presents an outstanding opportunity for builders and investors. The property is zoned RM3-70-H (Multiple Residential). With frontage on both First Road West and Mud Street West, the site backs onto a stormwater pond, providing added privacy with no future rear development. Servicing permits have been issued, making this shovel-ready site well-positioned for future construction. Located just west of Upper Centennial Parkway, the property is surrounded by established neighbourhoods, ongoing residential growth, and convenient access to major highways, transit, shopping, schools, and parks.

property details

type: Land, Vacant Land
parking: 0
days on market: 78
MLS®: X13652576

monthly cost

$20,913/mo

Mortgage $20,913

20% down at 4.34% fixed (Ratehub.ca), 25 years.

estimated payment

$20,913/ monthly

loan $3,839,992

25-year amortization

down payment20% · $959,99820%+ 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: $2,433,937
cash to close: $959,998; down payment; transfer tax and fees not included
total paid: $6,273,929

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