329-335 Strathearne Avenue, Hamilton

$1,300,000
329-335 Strathearne Avenue

$1,300,000

New
18d
Vacant Land

329-335 Strathearne Avenue, Hamilton

Total Monthly Obligation $5,619

Beds
0
Baths
0
Park
0
DOM
18d
Yield
1.7%
Cash on Cash
-14.1%
Cap Rate
1.5%
5Y IRR
4.6%
10Y IRR
6.1%
Property Type-Vacant Land
MLS® Number-X13864094
Beds-0
Lot Size-100 × 95 ft
Listed on site-Oct 5, 2026
Building Type-Vacant Land
Brokerage-RE/MAX ESCARPMENT REALTY INC.
Laundry-No
Fireplace-No
Pool-None
Facing-West
Sewer-Sewer
Possession-Flexible
Neighbourhood-Homeside
Title-Residential Freehold

No agent assigned

Exceptional opportunity for builders, investors or developers to acquire FOUR adjacent, fully serviced building lots offered together as one development site in East Hamilton. Located at 331 Strathearne Avenue, the site includes approved architectural drawings and building permits for four individual homes. Each home is designed as a 3-bedroom, 3-bathroom, 1,737 sq ft residence with a garage, alley access and a separate entrance with rough-ins for a basement additional dwelling unit (ADU). The existing building has been demolished and the site is clear and ready for construction. Each lot is fully serviced, with water, sewer and utilities at the lot line and ready for connection. A catch basin has also been installed at the rear to service all four lots. Development charges for all four lots have been paid or waived by the City. Approved plans and permits are included with the purchase, allowing a purchaser to move efficiently toward construction without starting the lengthy severance and approval process from scratch. Ideal for a builder looking to build and sell, an investor seeking rental opportunities, or a developer looking for a turnkey infill project. Zoning supports flexible residential use, including ADUs. A rare opportunity to acquire a four-lot, shovel-ready development site with the major groundwork already completed. Please note Lots are newly severed, taxes have not been assessed yet.

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Closing Costs

Mortgage Amount
$1,040,000
Land Transfer Taxes$22,475
Legal Fees (Est.)
$
Total cash required for closing$283,975

Total Monthly Obligation

$5,619/mo
Mortgage $5,244
Monthly Loss $4,239
Principal$1,380
Interest$3,864
Home Insurance$125
Variable Costs$250

No rent estimate available. Enter a monthly rent in Assumptions & Inputs below to calculate.

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*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 329-335 Strathearne Avenue

Time

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Data last updated within the past 24 hours.