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.

451 Book Road E, Hamilton, ON L9G 3L1

Land
$39,500,000

Excellent opportunity to acquire 45.99 acres of industrial-zoned land in Hamilton's highly sought-after Airport Employment Growth District (AEGD). Zoned Airport Prestige Business (M11) and Airport Light Industrial (M10), this property offers outstanding development potential in one of the GTA's fastest-growing employment corridors. Located just minutes from the Hamilton International Airport, major highways, amenities, and national logistics and fulfillment operations. The property features 677 feet of frontage on Book Rd. E, with onsite pond. Currently operated as a multi-generational family farm, the property is serviced with Natural Gas , and includes two duplexes and multiple barns and outbuildings, providing interim income potential or flexibility while planning future development. A rare opportunity for developers, investors, and owner-users seeking strategic industrial land holding in Hamilton's premier employment growth area.

MLS number
X13709752
Type
Land
Status
Active
Bedrooms
—
Bathrooms
—
Postal code
L9G 3L1
Photos
22
Property tax
$5,054 / year
18days · 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

This address has been listed 3 times.

Sale history is for registered usersSee what this address sold for and when, across all 3 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

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
Christadelphian Heritage CollegeElementary1.5 kmNot reported

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 483 people.

$120,000Median household income
83.9%Own their home
96.9%Detached houses
45.2Median age
14.7%Born outside Canada
19.1%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35250928 — the few blocks around this address, home to 483 people. It describes the area, not this property.

483Population
42.6Average age
3Household size
$152,000Average household income
$120,000Median household income
84%Own their home
16%Rent
0%Condominiums
15%Born outside Canada
19%University degree
$1,060,000Average home value
8%Low income
29%Not in the labour force
26%Never married
$45,000 to $49,9992%
$50,000 to $59,9992%
$60,000 to $69,9996%
$70,000 to $79,9994%
$80,000 to $89,9992%
$90,000 to $99,9994%
$100,000 and over39%
$100,000 to $124,99910%
$125,000 to $149,9998%
$150,000 to $199,99910%
$200,000 and over12%

Percentages are of the 245 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.

$7,900,000 · minimum here is $7,900,000
$174,897.45per month
Borrowed before insurance$31,600,000
Total borrowed$31,600,000
Interest over 25 years at 4.5%$20,869,236

If you rented it out

-$175,318.62per month out of pocket
Rent$0.00
Everything it costs to hold$175,318.62
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 LEE & ASSOCIATES COMMERCIAL REAL ESTATE INC.. Listing data provided by the Toronto Regional Real Estate Board.