Unknown for 50 Creighton Rd, Dundas Ontario L9H 3B6
Re-listed 1 day ago

50 Creighton Rd, Dundas, Ontario L9H 3B6

Detached
-
-
- sqft
$•••,•••
$5,995,000
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Detached
-
-
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Highlights

Property Estimate

Days on market1 day

Total days on market
156 days

Estimated valueNot available

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+1

Properties sold*

$1.3M

Median sold price*

*Based on last 30 days

Description

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

StyleLand
View-
Age of property-
SqFt-
Lot Size121,978 Ac(387.54 x 314.75)
Parking Spaces-
MLS ®Number40776839
Community NameCreighton West
Data SourceITSO
Listing byRoyal LePage State Realty Inc.

Features

Lot size: 121,978 Ac
Sewer (Municipal)

Property History

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Price changeActive
$•••,•••
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Re-listed
$•••,•••
1 day on market
history photo preview24
Listing by itso®

Market Data - Creighton West

Geo Zone Map ThumbnailCreighton West

Buyer's Market

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Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

3 days

Compared to

2024

103 days

2023

0 day

2022

34 days

New Listings

Past 30 days

5 listings

Compared to

2024

3 listings

2023

1 listing

2022

1 listing

Units sold

Past 30 days

1 unit

Compared to

2024

1 unit

2023

0 unit

2022

1 unit

Median Sold Price

Past 30 days

$1,025,000

Compared to

2024

$1,269,000

2022

$985,000


Population and Demographics

Overview

Total population 1013
Average household income $142,970

Age (%)

0 to 19
20%
20 to 34
15%
35 to 49
17%
50 to 64
23%
65 and plus
25%

Household composition (%)

Single family
72%
Single person
26%
Multi person
2%
Multi family
0%

Mother tongue (%)

English
92%
Others
7%

House tenancy (%)

Owners
81%
Renters
19%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget