Hamilton, ON Real Estate Opportunity: Serviced Land, Black Loam Topsoil Ready For Development

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 more appealing.

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 population growth?  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 detached houses. 

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 done before. 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. border.  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 information.