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For saleMLS® X13643530

50 Creighton Road, Hamilton, ON L9H 3B6

Dundas · L9H 3B6

$4,995,000

3 months on market

Lot
314.75 × 387.54 ft

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About this property

PRIME DEVELOPMENT OPPORTUNITY: This 2.39-acre waterfront property on Spencer Creek in downtown Dundas is currently being rezoned('Medium Density Multiple Dwelling-RM3 Modified') for an 8-storey, 120-unit condominium development. The zoning will also allow for a retirement facility and there is still a massive upside potential with a maximum build allowance up to 12 storeys and 170 units. A full application has been submitted including the following studies: Hydrogeological; Geotechnical; Functional Servicing & Stormwater Management; Noise Impact; Sun/Shadow; Wind; Parking Analysis & Transportation Management. This luxury apartment style building will comprise of one, two, and three-bedroom configurations. The building is designed with recessed balconies enhancing its visual appeal. To accommodate residents, the development includes a total of 144 parking spaces in an underground garage along with 120 storage lockers and dedicated bicycle parking.However, a revised zoning by-law will allow for a reduction to a total of 78 spaces significantly reducing the underground requirements. A rooftop amenity space is also included in the plan. Access to the site is from the west side of Creighton Road, ensuring efficient circulation for both residents and visitors. The site is currently occupied by a single-storey building containing 10 rental units with plenty of interim opportunity. Located directly in front of Spencer Creek Trail connecting to the entire Dundas Valley Conservation with easy access to Webster Falls and the Dundas Valley Golf and Curling Club. This site is conveniently located on a bus route and just steps to the historic downtown Dundas with a vibrant mix of restaurants, shopping and amenities. This development represents a strategic use of land in alignment with the City of Hamilton's Urban Official Plan and Design Guidelines. It notably advances the core objectives of intensification while considering the form and functional characteristics of the area.

Property details

Property

Property type
vacant land
Lot size
314.75 × 387.54 ft
Zoning
RM2-FP, OS
Possession
Flex

Interior

Exposure
West

Costs

List price
$4,995,000
Property taxes
$22,218 / year (2025)

Listing

MLS® number
X13643530
Status
For sale
Listed
August 6, 2026
Days on market
91
Last updated
August 6, 2026
Listing brokerage
ROYAL LEPAGE STATE REALTY

Price & sale history

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Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced above most comparable listings — about 87% of comparable vacant land listings in Hamilton are asking less.

$180KMedian $1.50M$6.03M

Based on 95 comparable active vacant land listings in Hamilton. These are asking prices, not sale prices.

Mortgage estimate

Down payment20.0% · minimum $999,000
$999,000
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$22,094.57
Property tax (est.)
$1,851.54
Estimated monthly
$23,946

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$111,350
Total due on closing
$111,350

An estimate on the asking price of $4,995,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of ROYAL LEPAGE STATE REALTY. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$4,995,000

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