Unknown for 16 Cannon St, Hamilton Ontario L8L 1Z5
Re-listed 5 days ago

16 Cannon St, Hamilton, Ontario L8L 1Z5

Townhouse
-
-
~< 700 sqft
$•••,•••
$3,500,000
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Townhouse
-
-
~< 700 sqft

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Highlights

Property Estimate

Days on market5 days

Total days on market
210 days

Estimated valueNot available

Price/Sqft$2,500/sqft

Monthly cost

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Description

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. Potential 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.


Property Details

Style2-Storey
View-
Age of property-
SqFt~< 700 SqFt
Lot Size12,540 SqFt(110 x 114)
Parking Spaces8
MLS ®NumberX13432900
Community NameBeasley
Data SourceTRREB
Listing byAVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP

Features

Heating: Other
Cooling: Other
Basement: Other

Features

Lot size: 12,540 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 8


Property History

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Price changeActive
$•••,•••
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Re-listed
$•••,•••
5 days on market
history photo preview3
Listing by trreb®
Property listed by AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP, Brokerage
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Market Data - Beasley

Geo Zone Map ThumbnailBeasley

Balanced Market

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Townhouse - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

32 days

Compared to

2025

21 days

2024

37 days

2023

45 days

New Listings

Past 30 days

2 listings

Compared to

2025

5 listings

2024

1 listing

2023

1 listing

Units sold

Past 30 days

1 unit

Compared to

2025

1 unit

2024

1 unit

2023

1 unit

Median Sold Price

Past 30 days

$450,000

Compared to

2025

$490,000

2024

$522,500

2023

$530,000


Population and Demographics

Overview

Total population 6217
Average household income $84,755

Age (%)

0 to 19
17%
20 to 34
34%
35 to 49
19%
50 to 64
17%
65 and plus
13%

Household composition (%)

Single person
48%
Single family
41%
Multi person
11%
Multi family
1%

Mother tongue (%)

English
71%
Portuguese
4%
Spanish
4%
Arabic
3%
Somali
3%
Others
2%
Mandarin
2%
Gujarati
2%
Vietnamese
1%
Italian
1%
French
1%

House tenancy (%)

Renters
75%
Owners
25%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget