For Sale

1893 RYMAL Road, Hamilton, Ontario L8J2R6

$2,480,000

1893 RYMAL Road, Hamilton, Ontario L8J2R6 is For Sale and has a listing price of 2,480,000. The property is located in the neighbourhood. It's been on the website for 29 Days.

  • Multi-family
    Property Type
  • 12
    Parking Spaces
  • MLS ID: 40689791
  • Office Name RE/MAX Escarpment Realty Inc.
Property Description

Prime Development Opportunity on Rymal Road – Assemble 3 Parcels for Maximum Potential! 1893, 1897 & 1899 Rymal Road, Hamilton, Unlock the full potential of this purpose-built apartment site by assembling all three parcels, Frontage: Over 241 feet along Rymal Road, Land Size: Just over 1 acre combined. Zoning: C5 Mixed-Use Zoning approved, allowing for 6 to 12 floors. Unit Potential: Build 200+ units (buyer to confirm with the City of Hamilton).Infrastructure: Road widened with services at the property line. Turnkey Building Option: We can connect you with a CMHC-approved builder to streamline your project. Vendor Financing: Vendor may consider a Vendor Take-Back (VTB) Mortgage for qualified buyers. This is a rare chance to acquire a high-visibility development site in a growing area with incredible potential for residential and commercial success. Don’t miss this opportunity to shape the future of Rymal Road (id:43137)

Property Details
  • MLS ID: 40689791
  • Price: $2,480,000
  • Transaction Types: For Sale
  • Ref ID: 27838318
  • Year Built: N/A
  • Property Type: Multi-family
  • Property Type: All Houses
  • Property Sub Category: All Houses
Price History
List Date MLS ID List Price Status End Date Closed Price
01/24/2025 40689791 $2,240,000 For Sale - -
01/24/2025 40690041 $2,240,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Hamilton
  • $962,646 Average List Price
    based on 1 year
  • 310 New Listings
    based on 30 days
  • 72 Median Days on Market
    based on 1 year
  • List vs. Selling Price 140.32 % Up
  • Sold (12mo) 1,452
  • Rented (12mo) 599

  • 1 Month Change -10.0%
  • 3 Month Change +19.8%
  • 6 Month Change +1.6%
Walkscore
Property Type Distribution
  • All Houses
    73.91%
  • All Houses/Commercial
  • Commercial
    6.45%
  • Condo
    19.15%
  • Land for Sale
    0.49%
Additional Details
  • Sewers Municipal Sewage System
  • Heat Source Natural Gas
  • Basement2 Full (finished)
  • Heating System Forced Air
  • Water Municipal Water
  • Exterior Other
  • Cooling System Central Air Conditioning
  • Total Parking Spaces: 12
  • Property Features Automatic Garage Door Opener
  • Fireplace False
  • Taxes: N/A
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Listing Entry Date: 24/01/2025 00:00:00
  • Zoning Ru4
  • Agent Name: Mark Silenzi
  • Address Subdivision: 503 - Trinity
  • Last Updated: 28/01/2025 15:36:37
Open House Dates
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