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97 5TH CONCESSION

97 5TH CONCESSION

Hamilton, Ontario

8,000 sqft • Other

$8,500,000

Rare 9.67-acre property offering a unique agricultural-commercial opportunity with significant infrastructure already in place. The site includes approximately 28,000 sq ft of outbuildings suitable for specialty agriculture, controlled-environment growing, storage, or other agri-related commercial operations permitted within agricultural zoning. The primary commercial structure is a 20,000 sq ft insulated building previously approved for cannabis cultivation and equipped with mezzanines, Level 9 walk-in vault, water service, natural gas heating, 600-amp 3-phase power, and a truck loading door-providing a strong foundation for cannabis production, specialty crop cultivation, pharmaceutical plant growth, or other permitted agricultural processing uses. An additional 8,000 sq ft utility/storage building currently used for storage and featuring a refrigerated indoor skating rink from the property's original estate design offers further operational or recreational flexibility. The property also features a 250 kW roof-mounted commercial solar system enrolled in the Electra Feed-in Tariff program with approximately 9 years remaining, generating approximately $260,000 annually in contracted revenue. A large approx. 8,250 sq ft residence is privately set well back from the road along a paved, tree-lined drive. While the home would benefit from updating, it offers potential to be restored as a country estate, converted to a corporate head office, staff accommodations, or a retreat-style facility supporting an agricultural enterprise. An exceptional opportunity for buyers seeking a large-scale agricultural production facility, specialty growing operation, or agri-related headquarters with substantial infrastructure and built-in income.

Price History

Property

Lot Size
9.77 acres

Schools

Elementary

  • Rockton School2.4 km

    Public · Hamilton-Wentworth DSB · 515 students

    Grade 3 reading: 66% met the provincial standard · Grade 6 math: 38% met the provincial standard

Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.

Community

Postal area L8B

Population
25,778
Private dwellings
9,053
Median age
38.4
Average household size
2.9
Median household income
$131,000

Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.

Local market

Other in Hamilton · last 12 months

Median sold price
$681,000
Homes sold
4,997
Median days on market
27
Sale-to-list price
97.1%

Based on 4,997 recorded sales of other properties in Hamilton over the last 12 months.

Walk Score

3

Walk

0

Transit

27

Bike

Scores by Walk Score®

Location

Mortgage Calculator

$1,700,000

Estimated Monthly Payment

$41,758

Investment Analysis

No recent nearby lease data. Enter a rent to see the numbers.

Mortgage: $41,758/mo (20% down, 5.5%)

Taxes: $0/mo · Insurance: $2,125/mo

Estimates only. Consult a financial advisor.

R

Reita | Assistant

Online

Reita said:

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