478 - 490 First Road W

About this Property

Recent development charge and HST relief materially improve the economics of this opportunity. Hamilton has been approved for up to $572 million in funding supporting a 100% residential DC reduction for three years, structured to apply retroactively from March 30, 2026 once the program is fully implemented. The federal-provincial partnership also provides expanded HST relief, with potential savings of up to $130,000 per homebuyer. Within an approved Secondary Plan, the 21.50-acre developable site is progressing through planning review/draft plan submission for approximately 195 single-detached ad townhouse units, providing a significant head start toward development. The Secondary Plan framework supports up to 285 residential units, with the current ownership having advanced a 195-unit concept plan. The Draft Plan process was paused just prior to approval, providing a purchaser with the flexibility to advance the existing plan or tailor the development, unit mix and housing product to their own vision.

Listing Details

MLS #

40876903

Board

ITSO

Market

ontario

Property Type

Residential

Style

Land

Lot Size

711.26 × 1315.59 ft

Annual Taxes

$1,750/yr

Listed By

Avison Young Commercial Real Estate Services, Lp

Presented By

REMAX Hallmark®

Listed On

November 6, 2026

Days on Market

0