164-176 Rymal Road, Hamilton, ON
Property Highlights
Welcome to this remarkable land located in the coveted neighborhood of Allison. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $4,900,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 0 Bathrooms
- Premium 290 x 286 ft lot size
Description
** DEVELOPMENT READY 1.93 ACRE LAND ASSEMBLY ** Consisting of 3 parcels, 164, 168 & 176 Rymal Rd E, this Site benefits from secured entitlements with the approval in final stages for a 47-unit residential development. The development includes a diverse unit type-mix consisting of 23 traditional townhouses, 22 stacked townhouses and 2 semi-detached homes. Currently, the 3rd Site Plan Submission is underway to satisfy final remaining conditions - primarily related to landscaping. Strategically positioned along Rymal Rd E, steps from the Upper James Street Retail/Commercial corridor. This Site offers a desireable ground-oriented development in a prime, highly sought-after location on Hamilton Mountain. Excellent connectivity to major arterial roads and public transit. Zoning isTransit Oriented Corridor Multiple Residential TOC3 Exception 887; Holding: H165
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Pricing & Value Insights
Data-driven valuation for 164-176 Rymal Road E, Hamilton, ON L9B 1C2
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About Purchasing a Home in Hamilton, ON
For a property listed at $4,900,000 in Hamilton, the legal minimum down payment is $980,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $108,975 for this transaction. As this listing is in Hamilton (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $108,975.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.