256 First Road W
256 First Road W
$4,799,990
1 days on market
About This Listing
Conditionally SITE PLAN APPROVED for a 25-unit townhouse development situated on a 1.47-acre site in Upper Stoney Creek. This rarely offered development site presents an outstanding opportunity for builders and investors. The property is zoned RM3-70-H (Multiple Residential). With frontage on both First Road West and Mud Street West, the site backs onto a stormwater pond, providing added privacy with no future rear development. Servicing permits have been issued, making this shovel-ready site well-positioned for future construction. Located just west of Upper Centennial Parkway, the property is surrounded by established neighbourhoods, ongoing residential growth, and convenient access to major highways, transit, shopping, schools, and parks.
| Monthly Mortgage (P&I) | $20,913 |
| Property Tax (est.) | $2,600 |
| Maintenance Fees | $0 |
| Total Monthly Cost | $23,513 |
Down payment: $959,998 (20.0%) · Mortgage: $3,839,992
Property tax rate: 0.65%. Uses the standard Canadian semi-annual compounding convention. Estimates only—not a pre-approval or offer of credit. Actual rates and eligibility may vary. Provincial sales tax on mortgage insurance, when applicable, is not included. Consult a mortgage professional for accurate figures.
Property Details
Listing provided by RE/MAX ESCARPMENT REALTY INC.
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Data last updated: August 23, 2026 at 12:25 a.m.