- What Putnam Road Holdings has floated 3174 Putnam Road
- Why The nearly 35-acre site was previously on the block for $16m
- What next Allowed industrial uses include a transportation terminal
An industrial land parcel in southwestern Ontario is on the block as a development play, Green Street News can reveal.
Putnam Road Holdings gave the assignment for the nearly 35-acre site, at 3174 Putnam Road in Putnam, to Royal Lepage Flower City Realty. The guiding valuation is $13m. In 2024, Cushman & Wakefield shopped the parcel for $16m.
The vacant land comprises two parcels, and approvals are pending to break that into four plots, which presumably could give a buyer greater development flexibility. A draft plan for three industrial condominiums was approved in 2024.
The parcel is zoned M1, permitting a range of industrial uses including a transportation terminal, warehouse or self-storage facility. It is adjacent to Highway 401, offering over 900 ft of frontage, and a Canadian Pacific Railway line runs parallel. It’s 24km from London, 25km from Highway 403 and 92km from Hamilton.
Recent land trades in the area, according to Green Street’s Sales Comps Database, include the nearly 13-acre plot at 20 Parkside Drive in Hamilton, which the Roman Catholic Episcopal Corp. of the Diocese of Toronto sold to the City of Hamilton for $21.7m, and 58 Morrell Street in Brantford, a 7-acre parcel acquired by SC Johnson for $12.5m
