$3,950,000
For sale: Vacant Land

Power of Sale: An opportunity to acquire a transit-oriented development site in Hamilton's rapidly transforming West Harbour GO district. Situated directly across from West Harbour GO Station, 41 Stuart Street is positioned within one of the city's most active intensification areas, offering immediate access to regional transit, downtown amenities, and the waterfront. The property benefits from LPAT-approved Official Plan and Zoning permissions for a 10-storey mixed-use development with ground floor commercial uses and residential above. Previous development plans proposed approximately 87 residential units, with flexibility for a future purchaser to refine the unit mix and building design, subject to applicable approvals. Surrounded by ongoing residential investment and significant public infrastructure improvements, this is an outstanding opportunity for developers, builders, and institutional investors seeking to deliver a boutique condominium or purpose-built rental project in a high-demand, transit-oriented location.
Sold data
Homes in Central took a median of 43 days to sell over the last 365 days, with the quickest quarter selling within 22 days and the slowest quarter taking more than 60, across 33 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 72 days.
The median sale price was $449,999.
Homes sold for about 4.0% below asking on average, so there was room to negotiate.
About 6% of sales closed above the list price.
Around 21% of sellers reduced their price before finding a buyer.
Based on 33 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
Hamilton (Central) 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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