16 Cannon Street photo 1
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16 Cannon Street

Beasley / Hamilton, ON L8L 1Z5

ActiveFor Sale
0 Beds
0 Baths
700 Sq Ft
Single Family Home

About This Property

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. Potential 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.

Property Details

StatusActive
Property TypeSingle Family Home
Listing TypeFor Sale
Interior Size700 sq ft
Bedrooms0
Bathrooms0
Postal CodeL8L 1Z5
Last UpdatedAug 8, 2026 · 5:13 p.m.

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Features & Amenities

  • View
  • Air Conditioning
  • Basement

TRREB MLS® Attribution

MLS® X13432900

Listed by AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). The information contained herein is from sources believed to be reliable but is not guaranteed. Information deemed reliable but not guaranteed accurate by TRREB or Team Filipe / RE/MAX.

$3,500,000

asking price

MLS®X13432900
TypeSingle Family Home
CityHamilton
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Team Filipe · RE/MAX · (647) 210-6070

Mortgage Estimate

Est. Monthly Payment

$17,091

/month · $2,800,000 mortgage

Down Payment20% — $700,000
Interest Rate5.5%

Amortization

Total Interest

$2,327,288

Total Cost

$5,127,288

Estimate only. Based on Canadian semi-annual compounding, 25-yr amortization at 5.5%.

Full Mortgage Calculator →

Listed By

AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP