$4,995,000
Est. payment $22,117/moCalculate yours
50 Creighton Road, Hamilton, ON L9H 3B6
Dundas, Hamilton, ON L9H 3B6
Listing courtesy of ROYAL LEPAGE STATE REALTY MLS® X13643530
About this home
PRIME DEVELOPMENT OPPORTUNITY: This 2.39-acre waterfront property on Spencer Creek in downtown Dundas is currently being rezoned(‘Medium Density Multiple Dwelling-RM3 Modified’) for an 8-storey, 120-unit condominium development. The zoning will also allow for a retirement facility and there is still a massive upside potential with a maximum build allowance up to 12 storeys and 170 units. A full application has been submitted including the following studies: Hydrogeological; Geotechnical; Functional Servicing & Stormwater Management; Noise Impact; Sun/Shadow; Wind; Parking Analysis & Transportation Management. This luxury apartment style building will comprise of one, two, and three-bedroom configurations. The building is designed with recessed balconies enhancing its visual appeal. To accommodate residents, the development includes a total of 144 parking spaces in an underground garage along with 120 storage lockers and dedicated bicycle parking.However, a revised zoning by-law will allow for a reduction to a total of 78 spaces significantly reducing the underground requirements. A rooftop amenity space is also included in the plan. Access to the site is from the west side of Creighton Road, ensuring efficient circulation for both residents and visitors. The site is currently occupied by a single-storey building containing 10 rental units with plenty of interim opportunity. Located directly in front of Spencer Creek Trail connecting to the entire Dundas Valley Conservation with easy access to Webster Falls and the Dundas Valley Golf and Curling Club. This site is conveniently located on a bus route and just steps to the historic downtown Dundas with a vibrant mix of restaurants, shopping and amenities. This development represents a strategic use of land in alignment with the City of Hamilton’s Urban Official Plan and Design Guidelines. It notably advances the core objectives of intensification while considering the form and functional characteristics of the area.
Property details
Overview
- Property Type
- Vacant Land
- For
- For Sale
- Status
- New
Lot & Parking
- Lot Size
- 314.75 x 387.54 Feet
- Zoning
- RM2-FP, OS
Financial
- Property Taxes
- $22,218 (2025)
Location
- Neighbourhood
- Dundas
- Cross Street
- Mill Street
- Direction Faces
- West
Listing
- MLS® Number
- X13643530
- Days on Market
- 73
- Listed On
- 2026-08-06
- Possession
- Flex
- Listed By
- ROYAL LEPAGE STATE REALTY
Features
- Included
- 10 Fridges, 10 Stoves
- Excluded
- Tenant Belongings
Mortgage calculator
Estimated mortgage payment
$22,117 per month
- Principal and interest
- $22,117
- Property tax
- $1,852
- Condo fees
- $0
- Estimated monthly cost
- $23,968
Your mortgage
- Mortgage amount
- $3,996,000
- Mortgage insurance
- Not needed
- Interest over 25 years
- $2,639,034
Cash to close
- Down payment
- $999,000
- Land transfer tax
- $111,350
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $1,110,350
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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