2492 Upper James Street, Hamilton, ON
Property Highlights
Welcome to this remarkable land located in the coveted neighborhood of Rural Glanbrook. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $998,000 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.
- 3 Bedrooms and 0 Bathrooms
- Premium 150 x 250 ft lot size
Description
37,500 SF (.86 acres) of land Zoned M11(H37)Airport Prestige Business. Currently Residential use ,Private Drive from Highway 6 backs onto the new Amazon Business Park. House on property, Property rented for $2000.00 per month plus utilities. Interesting Future Opportunity for development .Purchaser to Perform Own Due Diligence . Nicely Treed in Front with Large Open Lawn in Rear. Permitted uses within the M11 Zone include: Alcohol Production Facility, Aquaponics, Building and Lumber Supply Establishment, Building or Contracting Supply Establishment, Cannabis Growing and Harvesting Facility, Commercial Motor Vehicle Sales, Rental and Service Establishment, Communications Establishment Conference or Convention Centre, Courier Establishment, Educational Establishment, Equipment and Machinery Sales, Rental and Service Establishment, Greenhouse Hotel Industrial Administrative Office, Laboratory Labour Association Hall, Manufacturing Motor Vehicle Collision Repair Establishment, Motor Vehicle Service Station, Office, Private Power Generation Facility, Repair Service, Research and Development Establishment, Surveying, Engineering, Planning or Design Business Trade School, Tradesperson's Shop, Transport Terminal, Transportation Depot, Warehouse
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Property History
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 2492 Upper James Street, Hamilton, ON L0R 1W0
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Hamilton, ON
For a property listed at $998,000 in Hamilton, the legal minimum down payment is $74,800 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 $16,435 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 $16,435.
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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.