1278 HWY 5 W, Hamilton

$999,000

For sale: Vacant Land

Vacant Land at 1278 HWY 5 W, Hamilton
Property type
Vacant Land
MLS®
MLS® X12535724
Neighbourhood
Rural Flamborough

Major Price Improvement - Now $999,000 (Previously $1.275M)! Outstanding opportunity to own a prime 8.23-acre corner lot at the high-traffic intersection of Hwy 5 & Hwy 8. Zoned A2, offering a wide range of permitted uses including (but not limited to): Single Detached Dwelling, Residential Care Facility, Veterinary Services (Farm Animals), Kennel, Nursery, Home Industry, Agricultural Operations, Abattoir, Agricultural Processing, and Farm Product Supply. Development-Ready: Brand new drilled water well, Environmental Phase 1 completed, Hydrogeological and archaeological studies completed. Natural gas available at the lot line. Everything is in place to start building immediately (subject to zoning allowances). All completed studies and reports are included in the sale. Buyers and their agents are encouraged to perform their own due diligence regarding permitted uses and development regulations. Contact the City of Hamilton Zoning Department for full A2 zoning details.

Sold data

Homes in Rural Flamborough — recent sold market

Homes in Rural Flamborough took a median of 40 days to sell over the last 365 days, with the quickest quarter selling within 19 days and the slowest quarter taking more than 80, across 85 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 70 days.

The median sale price was $1,174,900.

Homes sold for about 4.6% below asking on average, so there was room to negotiate.

About 12% of sales closed above the list price.

Around 32% of sellers reduced their price before finding a buyer.

Median days to sell
40
Median sale price
$1,174,900
Sale-to-list ratio
95.4%
Sold above asking
12%

Based on 85 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Hamilton

Hamilton has 130 Fraser Institute–rated schools (108 elementary and 22 secondary), averaging 5.6/10.

Rated schools
130
Elementary
108
Secondary
22
Average rating
5.6 / 10

Top-rated schools in Hamilton

  • Corpus Christi — elementaryFraser rating 10.0/10
  • Norwood Park — elementaryFraser rating 8.4/10
  • Pope John Paul II — elementaryFraser rating 8.0/10
  • Our Lady of Lourdes — elementaryFraser rating 7.3/10
  • Westmount — secondaryFraser rating 7.3/10
  • Sacred Heart — elementaryFraser rating 7.2/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 1278 HWY 5 W