For Sale

16 Cannon Street, Hamilton, Ontario L8L 1Z5

$4,990,000

16 Cannon Street, Hamilton, Ontario L8L 1Z5 is For Sale and has a listing price of 4,990,000. The property is located in the Beasley neighbourhood . It's been on the website for 15 Days.

  • Multiplex
    Property Type
  • Parking
  • MLS ID: X12558772
  • Office Name AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP
Property Description

132,000 SF High-Density Development Opportunity in Downtown Hamilton. A new owner has the ability to take the site back to the Committee of Adjustment and apply for additional height, unlocking up to 132,000 SF of total Gross Floor Area (GFA). This aligns with Downtown Hamilton’s high-rise intensification policies that support up to 30 storeys. The opportunity allows for significant added density at a competitive land cost of approximately $35 per buildable square foot.16 Cannon Street East represents a premier high-density redevelopment site in the heart of downtown Hamilton. The site is conditionally approved for a 16-storey, 130-unit residential tower totaling 89,066 SF of GFA. It is ideally situated within walking distance of West Harbour GO, Hamilton GO Centre, and the upcoming LRT stop, offering unmatched transit connectivity. The current use is a legally nonconforming 8-unit apartment building. The vendor makes no representations and warranties. Sold “as is, where is.

Property Details
  • MLS ID: X12558772
  • Price: $4,990,000
  • Lot Depth: 110
  • Transaction Types: For Sale
  • Ref ID: X12558772
  • Year Built: N/A
  • Approx Sqft: < 700
  • Dir / Cross St: Cannon St E & James St N
  • Status: Active
  • Tax Year: 2024
  • Property Type: Multiplex
  • Property Type: Commercial
  • Property Sub Category: Commercial
Price History
List Date MLS ID List Price Status End Date Closed Price
11/19/2025 X12558772 $4,990,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Beasley
  • $625,763 Average List Price
    based on 1 year
  • 33 New Listings
    based on 30 days
  • 77 Median Days on Market
    based on 1 year
  • List vs. Selling Price 2.86 % Up
  • Sold (12mo) 37
  • Rented (12mo) 65

  • 1 Month Change -100.0%
  • 3 Month Change -100.0%
  • 6 Month Change -100.0%
Walkscore
  • 100 Walk Score
    Walker's Paradise
  • 84 Transit Score
    Excellent Transit
  • 93 Bike Score
    Biker's Paradise
Additional Details
  • Heat Type Other
  • Heat Source Other
  • Style 2-storey
  • Garage Type Y
  • Parking Spaces: 8
  • Exterior Aluminum Siding
  • Kitchen Y
  • Parking Y
  • Washrooms Type 1 # Pcs: N/A
  • Taxes: $18,282
  • Last Status New
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: Immediate
  • Listing Entry Date: 19/11/2025 16:38:40
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