Homula Realty Brokerage
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

97 5th Concession E, Hamilton, ON L8B 1K4

Farm
$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.

MLS number
X12892796
Type
Farm
Status
Active
Bedrooms
Bathrooms
Postal code
L8B 1K4
Photos
7
Property tax
$17,731 / year
180days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

No previous listings found for this address.

Where this property is

Where this address sits, matched against open government data.

Approximate — placed from the postal code, which can cover a block or more.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
Flamborough Centre School
Hamilton-Wentworth DSB
Elementary2.4 km6.5 / 10
65% met the standard · 3 of 6 measures
Guardian Angels Catholic Elementary School
Hamilton-Wentworth CDSB
Elementary1.9 km8.4 / 10
84% met the standard
Millgrove Public School
Hamilton-Wentworth DSB
Elementary2.0 km7.4 / 10
74% met the standard · 3 of 6 measures
Waterdown District High School
Hamilton-Wentworth DSB
Secondary2.1 km7.3 / 10
73% met the standard · 2 of 6 measures
Allan A Greenleaf
Hamilton-Wentworth DSB
Elementary2.2 km8.5 / 10
85% met the standard
Guy B Brown Elementary Public School
Hamilton-Wentworth DSB
Elementary2.4 km7.0 / 10
70% met the standard
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 708 people.

$129,000Median household income
89.4%Own their home
95.7%Detached houses
42.8Median age
15.3%Born outside Canada
21.4%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35250875 — the few blocks around this address, home to 708 people. It describes the area, not this property.

708Population
42Average age
3Household size
$153,000Average household income
$129,000Median household income
89%Own their home
11%Rent
0%Condominiums
15%Born outside Canada
21%University degree
$1,030,000Average home value
5%Low income
48%Not in the labour force
25%Never married
Under $5,0001%
$30,000 to $34,9991%
$35,000 to $39,9991%
$45,000 to $49,9991%
$50,000 to $59,9993%
$60,000 to $69,9991%
$70,000 to $79,9993%
$80,000 to $89,9994%
$90,000 to $99,9994%
$100,000 and over40%
$100,000 to $124,9998%
$125,000 to $149,9996%
$150,000 to $199,9999%
$200,000 and over17%

Percentages are of the 385 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$1,700,000 · minimum here is $1,700,000
$37,636.16per month
Borrowed before insurance$6,800,000
Total borrowed$6,800,000
Interest over 25 years at 4.5%$4,490,848

If you rented it out

-$39,113.74per month out of pocket
Rent$0.00
Everything it costs to hold$39,113.74
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD.. Listing data provided by the Toronto Regional Real Estate Board.