Hamilton House of the Week: Plenty of development potential in Binbrook

With five-and-a-half acres of prime land to play with, an existing four-bedroom home to rent, renovate or tear down and build new, the business opportunities for this property in Hamilton’s booming Binbrook community are nearly limitless.

Fronting on Highway 56 – Binbrook’s main north-south thoroughfare – the site at 2311 Highway 56 boasts the four-bed, two-bath, eight-room home and a large concrete block workshop that could provide storge income, as well as two driveway entrances and horse barns and parking for 18 – all on a beautifully landscaped property.

The property is ideal for builders, developers and investors looking for land investment opportunities and for those who want to live in a home that has the potential to pay for itself just minutes from urban Hamilton and a short drive from Niagara’s wineries

The surrounding area has seen great multi purpose urban developments, and the town (which only merged with Hamilton in 2001) continues to grow.

The site encompasses a generous plot of land, flat topography and provides ample space for a variety of future development proposals. With ongoing developments and planned projects for the future in the region, the property is poised to appreciate in value.

The asking price is $3,999,999. Taxes are $4,900 per year and buyers are expected to do their own due diligence on zoning and permitted uses.

For more information contact Sam McDadi (Sam McDadi Real Estate) at (905) 502-1500 or Bruno Gomes at (647) 999-6480.