132,000 SF High-Density Development Opportunity in Downtown Hamilton. A new owner has the ability to take the site back to the Committee of Adjustment and apply for additional height, unlocking up to 132,000 SF of total Gross Floor Area (GFA). This aligns with Downtown Hamilton's high-rise intensification policies that support up to 30 storeys. The opportunity allows for significant added density at a competitive land cost of approximately $35 per buildable square foot.16 Cannon Street East represents a premier high-density redevelopment site in the heart of downtown Hamilton. The site is conditionally approved for a 16-storey, 130-unit residential tower totaling 89,066 SF of GFA. It is ideally situated within walking distance of West Harbour GO, Hamilton GO Centre, and the upcoming LRT stop, offering unmatched transit connectivity. The current use is a legally nonconforming 8-unit apartment building. The vendor makes no representations and warranties. Sold "as is, where is.
Listed by AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP
Data was last updated November 19, 2025 at 08:15 PM (UTC)
Area Statistics
Listings on market:
24
Avg list price:
$1,599,500
Min list price:
$615,000
Max list price:
$3,300,000
Avg days on market:
65
Min days on market:
1
Max days on market:
240
These statistics are generated based on the current listing's property type
and located in
Hamilton. Average values are
derived using median calculations. This data is not produced by the MLS® system.
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