16 Cannon Street
Hamilton
$4,990,000
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Home Details
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Listing Description
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.
City: Hamilton
Mortgage Calculator
Your estimated monthly payment for 16 Cannon Street is 26,123
Price
$Rate
%Ammortization
Down Payment
$Total Mortgage
| Purchase Price | $4,990,000 |
| Down Payment | $998,000 |
| Mortgage Insurance | $0 |
| Total Mortgage | $3,992,000 |
Monthly Payment
| Mortgage Payment | $24,600 |
| Property Taxes | $1,524 |
| Maintenance Fees | $0 |
| Monthly Payment | $26,123 |
About 16 Cannon Street, Hamilton
Located at 16 Cannon Street , this Hamilton house is available for sale. This property was listed for $4,990,000 on Wed Nov 19 2025. It has 0 bedrooms and 0 bathrooms. The property includes the following rooms: . This property comes with 8 parking spots.
MLS#: undefined · $4,990,000 · 0 bedroom house in Hamilton