A rare parcel of Class 1 land in Hamilton, Ontario has become available off-market. The 56.5-acre lot is ideal for residential development, which is especially significant in light of the current housing crisis in Canada. Check out the now-available Stoney Creek property at https://alliaakkad.exprealty.com/ask/9ce7ad92ca8c5d568777cf9e29423b36
Hamilton, ON Real Estate Opportunity: Serviced
Land Ready For Development
You know how precious a resource land has become. That scarcity
makes this already unique real estate investment opportunity all the
The property, minutes from Lake Ontario, offers a rare and
versatile real estate opportunity. The architectural drawings and
building package for a three-story luxury home will be transferred
to the buyer upon request.
Available through Allia Estates, the lot is private and
quiet, surrounded by scenic homes, wineries, farms
and equestrian properties.
Did you know that Ontario needs to
build one million homes over the
next ten years to keep up with
Based on the recent and projected rise in
population, analysts estimate that the
province will need accelerated construction
to house the more than 900,000 new families
expected to settle in the next ten years.
Typically, each year, around 70,000 housing units are built in Ontario -
this includes condominiums, rentals and subsidized units, as well as
To meet the expected market demand,
the province will need to build 100,000
new homes each year for the next ten
years - something that has never been
Consequently, securing land such as the Stoney Creek
property is a promising investment strategy now - as the
government is looking for ways to increase the supply of
housing by fast-tracking permits and looking into farmland
to build new residences.
However, available land has become increasingly scarce, leading
to a 15% increase in regional prices over the last 12 months.
The Stoney Creek offering is located
just 40 minutes away from both
downtown Toronto and Niagara Falls,
and less than an hour from the U.S.
Allia Estates is run by Allia Akkad, a
licenced Ontario realtor who has been
active in the real estate sector as a
residential/commercial investor and
investment advisor for the past 19 years.
Click on the link in the
description for more