2544 Highway 56, Hamilton MLS Number: X8358876

REDEVELOPMENT site or convert house to office or retail and capture intensification up lift in the future. EXISITNG: "District Commercial" zoning and secondary plan designation permitting retail, personal service, financial establishment, offices, restaurants, medical clinics, studios, places of assembly, and motor vehicle related uses (including gas). Residential uses permitted above commercial provided less than 50% of the total gross floor area of a building (max height 3-storey).UPSIDE POTENTIAL: To accommodate Hamilton's forecasted growth part of the City's plan is 'Up Zoning of Urban Corridors and major and minor arterial roads to the missing middle which is considered 12 storeys or less. Subject property is on a major arterial road, adjacent to retail amenities, and residential only on 1-side, is an ideal candidate for 'Up Zoning. Formal consultation comments expected back from the City any day for proposed 9-storey, 96 unit building. Nearby OLT decision granted 6-Storeys.