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879 WEST 5TH STREET, Hamilton (Gourley) — listed at $1,350,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
A rare opportunity to acquire a premier development site in one of Hamilton's fastest-growing corridors. Welcome to 879 West 5th Street. A 100' x 250 ' property with exceptional dual street frontage on West 5th Street and Fortissimo Drive.The property also benefits from City-approved R4 (Mid-Rise Residential) rezoning, currently pending appeal, creating exciting future development possibilities. Approved severance for two rear lots and municipal water and sewer services already in place for additional lots help reduce development timelines and soft costs. Explore the potential for a four-lot detached subdivision, luxury townhomes, semi-detached homes, or a higher-density residential project. The existing three-bedroom bungalow provides immediate rental income while development plans are finalized. Ideally located just down the street from Mohawk College's Fennell Campus and minutes to the Upper James Street and Stone Church Road corridor, with convenient access to shopping, transit, parks, schools, and major highways, the location is ideal for student housing, family-oriented development, or professional rentals. Offering an exceptional combination of size, servicing, dual frontage, future zoning potential, income generation, and a prime West Mountain location, opportunities like this are becoming increasingly rare. Whether you're a builder, developer, or investor, 879 West 5th Street is ready for your vision. (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Living room | Main level | 5.43 x 4.66 meters |
| Other | Basement | 6.04 x 3.35 meters |
| Dining room | Main level | 4.66 x 3.05 meters |
| Kitchen | Main level | 4.66 x 3.05 meters |
| Primary Bedroom | Main level | 5.21 x 3.51 meters |
| Bedroom | Main level | 3.41 x 2.83 meters |
| Bedroom | Main level | 3.41 x 2.47 meters |
| Bathroom | Main level | — |
| Utility room | Basement | 9.33 x 2.47 meters |
| Other | Basement | 4.51 x 2.9 meters |
| Workshop | Basement | 6.04 x 3.35 meters |
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $5,569, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
What's the parking situation?+
This property includes 7 spaces — Carport, No Garage.
Does it have a basement, and is it finished?+
Yes — Unfinished, Full. A finished basement adds meaningful living space beyond the listed square footage.
What makes this a luxury property?+
At $1,350,000, the premium reflects location, finishes, and lot. In this price range, expect higher-end finishes — verify during a showing.
Is there air conditioning?+
Yes — central air conditioning cooling is in place.
Is 879 WEST 5TH STREET a good fit for a growing family?+
With 3 bedrooms and 1 bathrooms, there's room for kids plus a guest room or home office.
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