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Situated along the QEW adjacent to Lake Ontario, is the Stoney Creek industrial and commercial park. The park is a key industrial area for both Stoney Creek and greater Hamilton. It expanses over 1675 acres of land and its boundaries include the QEW to the north, Fifty Road to the east, Grays Road to the west and Barton Street to the south. The park is home to a variety of industrial and commercial businesses and has few parcels of vacant commercial and industrial land remaining. With a very small amount of vacant land along the QEW corridor in general, this park remains a coveted location for commercial and industrial businesses.
Commercial and industrial uses
The Stoney Creek industrial and commercial park includes 274 parcels of industrial land, the majority dedicated to medium industrial uses. Key sectors include processing steel, industrial construction and manufacturing. The large steel companies include; Taylor Steel, Nova Steel, Nelson Steel and Janco Steal.
Other land within the park is dedicated to light/heavy industrial, commercial, office, retail and residential uses. The land surrounding the park is primarily residential and commercial; on the north side of the QEW, the lands along Lake Ontario are dedication to residential subdvisions and development.
Transportation advantages
The major strategic advantage of the park is it’s proximity to the QEW and to Hamilton. The QEW provides access to major markets in Toronto, Michigan via the 401 and other major United States markets via the I-90 connection in Buffalo. It’s proximity to Hamilton provides access to the Port of Hamilton and John C. Munro Interational Airport both major cargo and courier hubs. The park also provides close access to both the CP and CN national rail lines.
Growth in the area
In recent years, Frist Ontario built a head office in the park and Taylor Steel invested $8.5 million into a new slitting technological process. The last recoded vacany rates, listed 183 acres or 73 hectares of land which equates to 59 parcels. Vacany rates sit around 1.5%. Most of the land is privately owned, there are pieces of public land scattered throughout. There is a lack of vacant land along the Stoney Creek/Hamilton QEW corridor, which leaves little room for current business to expand and as well as a small window of opportunity for new companies to move in. Employment lands at the corner of the South service road and Fifty road were re-zoned a few years ago to make way for the development of a community shopping centre.
If you're looking to invest in Stoney Creek, connect with a real estate appraiser to determine the value of your potential investment. And for more information on the industrial market in areas like Niagara, click here to read my blogs on specific industrial parks.
