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164-176 Rymal Rd E - 164, 168 & 176 Rymal Road East 1.93 Acres of Residential Land Offered at $5,500,000 CAD in Hamilton, ON L9B 2R2
Investment Highlights
- The site benefits from strong visibility and exposure to consistent vehicular traffic, enhancing its prominence for commercial uses.
- The property is situated within a rapidly developing corridor in Hamilton’s south end, with ongoing residential growth driving increased demand.
- Nearby amenities include a range of retail plazas, restaurants, schools, and community services, contributing to the overall appeal of the area.
Executive Summary
The Site presents a compelling investment opportunity to acquire a developmentready, 1.93-acre land assembly along Rymal Road East on Hamilton Mountain,
within a highly sought-after residential area. This property benefits from secured entitlements, with the approval in final stages for a diverse mix of 47 units, including 23 traditional townhouses, 2 semi-detached homes, and 22 stacked townhouses. Currently, the 3rd site plan submission is underway to satisfy final remaining conditions primarily related to landscaping. Strategically positioned steps from the Upper James corridor, the development offers a desirable infill product type in a prime location. Furthermore, the Site boasts excellent connectivity to public transit and major highways, providing unparalleled convenience for future residents and enhancing the project’s overall appeal.
within a highly sought-after residential area. This property benefits from secured entitlements, with the approval in final stages for a diverse mix of 47 units, including 23 traditional townhouses, 2 semi-detached homes, and 22 stacked townhouses. Currently, the 3rd site plan submission is underway to satisfy final remaining conditions primarily related to landscaping. Strategically positioned steps from the Upper James corridor, the development offers a desirable infill product type in a prime location. Furthermore, the Site boasts excellent connectivity to public transit and major highways, providing unparalleled convenience for future residents and enhancing the project’s overall appeal.
Property Facts
| Price | $5,500,000 CAD | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 1.93 AC |
| Property Type | Land | ||
| Zoning | TOC3 - Transit Oriented Corridor Multiple Residential | ||
| Price | $5,500,000 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 1.93 AC |
| Zoning | TOC3 - Transit Oriented Corridor Multiple Residential |
1 Lot Available
Lot
| Price | $5,500,000 CAD | Lot Size | 1.93 AC |
| Price Per AC | $2,849,740.93 CAD |
| Price | $5,500,000 CAD |
| Price Per AC | $2,849,740.93 CAD |
| Lot Size | 1.93 AC |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
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164-176 Rymal Rd E - 164, 168 & 176 Rymal Road East
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