$1,300,000 - 329-335 Strathearne Avenue, Hamilton
Land for Sale in Hamilton
New — Listed 2 days agoNeighbourhood: Homeside
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- MLS Number
- X13864094
- Property Type
- Land
- Status
- active
- Days on Site
- 2
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- N/A sqft
- Neighbourhood
- Hamilton
- Lot Size
- 9,537 sqft
- Listing Brokerage
- RE/MAX ESCARPMENT REALTY INC.
Exceptional opportunity for builders, investors or developers to acquire FOUR adjacent, fully serviced building lots offered together as one development site in East Hamilton. Located at 331 Strathearne Avenue, the site includes approved architectural drawings and building permits for four individual homes. Each home is designed as a 3-bedroom, 3-bathroom, 1,737 sq ft residence with a garage, alley access and a separate entrance with rough-ins for a basement additional dwelling unit (ADU). The existing building has been demolished and the site is clear and ready for construction. Each lot is fully serviced, with water, sewer and utilities at the lot line and ready for connection. A catch basin has also been installed at the rear to service all four lots. Development charges for all four lots have been paid or waived by the City. Approved plans and permits are included with the purchase, allowing a purchaser to move efficiently toward construction without starting the lengthy severance and approval process from scratch. Ideal for a builder looking to build and sell, an investor seeking rental opportunities, or a developer looking for a turnkey infill project. Zoning supports flexible residential use, including ADUs. A rare opportunity to acquire a four-lot, shovel-ready development site with the major groundwork already completed. Please note Lots are newly severed, taxes have not been assessed yet.
Estimate your monthly payments for this property
Estimated Payment
$5,750.34/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Homeside
Homeside is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Homeside
- •Convenient location in Hamilton
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Homeside offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
329-335 Strathearne Avenue, Hamilton
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Key factors for evaluating this land parcel
Land Due Diligence Checklist
· Confirm zoning designation and all permitted uses
· Verify servicing (water, sewer, hydro) at lot line
· Order a Phase 1 Environmental Site Assessment
· Obtain an up-to-date survey (boundaries, easements)
· Review development charges and levies with the municipality
· Consult a land use planner on development feasibility
Commercial Financing Note
Land financing typically requires 35–50% down with specialized lenders. Carrying costs (taxes, interest) accumulate during any approval or development process — factor these into your feasibility.
Commercial and land transactions are significantly more complex than residential. Joe recommends assembling a team — commercial real estate lawyer, accountant, and (for land) a land use planner — before making an offer.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Zoning & Permitted Use
Before anything else, I'd confirm the current zoning designation and what's permitted on this land. Zoning dictates everything: residential subdivision, commercial development, agricultural use, or mixed. The Hamilton planning department can also tell you what, if any, Official Plan amendments are in progress that could affect the permitted uses.
Just Listed — Land Takes Time
This parcel just came to market. Unlike homes, land transactions rarely have the same urgency — buyers need time for due diligence: surveys, environmental reports, and planning consultations. Don't let "just listed" pressure you into skipping proper diligence.
Servicing & Infrastructure
A key question for any land purchase: is it serviced (municipal water, sewer, gas, hydro at the lot line) or unserviced? Bringing services to an unserviced parcel can cost $50,000–$500,000+ depending on proximity and Hamilton's development charges. This can make or break a project's feasibility.
Environmental & Survey
I always recommend a Phase 1 Environmental Site Assessment for land purchases — it checks for historical contamination from prior uses. If the Phase 1 flags anything, a Phase 2 (soil sampling) follows. Also budget for an up-to-date survey, which confirms boundaries, easements, and encroachments.
Development Approval Timeline
If you're buying with development in mind, factor in the approval timeline. Minor variance: 3–6 months. Site plan approval: 6–18 months. Official Plan amendment or rezoning: 1–3+ years. These timelines directly affect your carrying costs — property taxes and financing accumulate the entire time. Having an experienced planner and real estate lawyer on your team from day one matters.
Let's Walk Through It Together
Evaluating land requires a different lens than buying a home. I'll walk the site with you, help you ask the right questions of the listing agent, and connect you with the right professionals — planners, environmental consultants, commercial lawyers — to make sure you know exactly what you're buying before you commit.