879 WEST 5TH STREET, Hamilton (Gourley)

$1,450,000

For sale: Detached

Detached at 879 WEST 5TH STREET, Hamilton (Gourley)
Property type
Detached
Bedrooms / bathrooms
3 bedrooms, 1 bathroom
Living area
1,500 sqft
MLS®
MLS® X13561930
Neighbourhood
Gourley

A rare opportunity to acquire a premier development site in one of Hamilton's fastest-growing corridors. Welcome to 879 West 5th Street. A 100' x 253' property with exceptional dual street frontage on West 5th Street and Fortissimo Drive, offering outstanding redevelopment potential. The property also benefits from City-approved R4 (Mid-Rise Residential) rezoning, currently pending appeal, creating exciting future development possibilities. Approved severance for two rear lots and municipal water and sewer services already in place for additional lots help reduce development timelines and soft costs. Explore the potential for a four-lot detached subdivision, luxury townhomes, semi-detached homes, or a higher-density residential project. The existing three-bedroom bungalow provides immediate rental income while development plans are finalized. Ideally located just down the street from Mohawk College's Fennell Campus and minutes to the Upper James Street and Stone Church Road corridor, with convenient access to shopping, transit, parks, schools, and major highways, the location is ideal for student housing, family-oriented development, or professional rentals. Offering an exceptional combination of size, servicing, dual frontage, future zoning potential, income generation, and a prime West Mountain location, opportunities like this are becoming increasingly rare. Whether you're a builder, developer, or investor, 879 West 5th Street is reay for your vision.

Sold data

Detached homes in Hamilton (Gourley) — recent sold market

Detached homes in Hamilton (Gourley) took a median of 27 days to sell over the last 90 days, with the quickest quarter selling within 13 days and the slowest quarter taking more than 52, across 833 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 46 days.

The median sale price was $767,777.

Homes sold for about 3.0% below asking on average, so there was room to negotiate.

About 13% of sales closed above the list price.

Around 27% of sellers reduced their price before finding a buyer.

Median days to sell
27
Median sale price
$767,777
Sale-to-list ratio
97.0%
Sold above asking
13%

Based on 833 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Hamilton (Gourley)

Hamilton (Gourley) 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 (Gourley)

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

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

Currently for sale

Homes for sale near 879 WEST 5TH STREET