Stoney Creek
Located at the Northeast corner of Highway 20 and Highland Road East, the development site is tactically positioned adjacent to a developed area along the border of the current urban boundary. Land in the urban boundary is valued significantly higher than land outside the urban boundary. Once land outside the urban boundary is brought into the urban boundary, owners can expect the land price to increase significantly. It should be noted that land closer to existing servicing infrastructure attracts higher values as the likelihood of being brought into the urban boundary is significantly increased. Our site is directly adjacent to existing servicing infrastructure.
Stoney Creek has been identified by The City of Hamilton as the preferred location to accommodate the intensification of growth to 2031 and beyond. Within Stoney Creek, the city of Hamilton has identified “The Elfrida Growth Area” as the area to accommodate the future growth in population. This area was selected through the city’s comprehensive Growth Related Integrated Development Strategy (GRIDS) process. The vision for this specific area is to create a compact, transit-oriented urban community that efficiently uses existing infrastructure and is well integrated with the surrounding agricultural lands.
PROJECT TIMELINE
