$1,300,000
For sale: Vacant Land

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.
Sold data
Homes in Hamilton (Homeside) took a median of 29 days to sell over the last 90 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 57, across 1,199 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 57 days.
The median sale price was $688,000.
Homes sold for about 3.0% below asking on average, so there was room to negotiate.
About 12% of sales closed above the list price.
Around 26% of sellers reduced their price before finding a buyer.
Based on 1,199 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
Hamilton (Homeside) has 130 Fraser Institute–rated schools (108 elementary and 22 secondary), averaging 5.6/10.
School ratings from the Fraser Institute's Ontario school report cards.
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