5 Barnesdale Avenue Hamilton, Ontario L8M 2V1
$749,999
SHOVEL-READY CONSTRUCTION OPPORTUNITY! Excellent opportunity for builders, developers and investors in Hamilton's Gibson/Stipley South neighbourhood. Situated on an approximately 28' x 85' lot, this development is approved for a 3-storey, 5-unit residential building, with the permit in final municipal review and the seller delivering the property with the permit issued and in hand at closing, ready to start construction immediately. Construction financing of approximately $1.5M is already approved and a qualified buyer may be able to step into it, and the project qualifies for CMHC MLI Select take-out financing of approximately $1.9M on completion. Once built, the 5 units are projected to generate approximately $12,100/month in gross rent, supporting a stabilized value in the $2.4M-$2.65M range. The proposed plans feature a mix of 1- and 3-bedroom units, balconies, bicycle parking and an accessory building for bike storage and garbage. Drawings and plans are available for review. (id:56248)
Property Details
| MLS® Number | 40861672 |
| Property Type | Single Family |
| Amenities Near By | Hospital, Place Of Worship, Playground, Public Transit, Schools, Shopping |
| Equipment Type | Water Heater |
| Parking Space Total | 2 |
| Rental Equipment Type | Water Heater |
Building
| Bathroom Total | 3 |
| Bedrooms Above Ground | 5 |
| Bedrooms Below Ground | 1 |
| Bedrooms Total | 6 |
| Architectural Style | Contemporary |
| Basement Development | Partially Finished |
| Basement Type | Partial (partially Finished) |
| Construction Style Attachment | Detached |
| Cooling Type | None |
| Exterior Finish | Brick, Vinyl Siding |
| Foundation Type | Block |
| Heating Type | Forced Air |
| Stories Total | 3 |
| Size Interior | 2,462 Sqft |
| Type | House |
| Utility Water | Municipal Water |
Land
| Access Type | Road Access, Highway Access |
| Acreage | No |
| Land Amenities | Hospital, Place Of Worship, Playground, Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 85 Ft |
| Size Frontage | 28 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Toc3 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | 3pc Bathroom | Measurements not available | ||
| Second Level | Bedroom | 9'4'' x 10'0'' | ||
| Second Level | Bedroom | 8'6'' x 11'0'' | ||
| Second Level | Bedroom | 9'5'' x 11'0'' | ||
| Second Level | Kitchen | 10'7'' x 12'4'' | ||
| Third Level | Bedroom | 10'10'' x 25'6'' | ||
| Basement | 4pc Bathroom | Measurements not available | ||
| Basement | Bedroom | 8'1'' x 5'3'' | ||
| Basement | Kitchen | 9'0'' x 7'2'' | ||
| Main Level | 4pc Bathroom | Measurements not available | ||
| Main Level | Bedroom | 11'0'' x 13'4'' | ||
| Main Level | Kitchen | 8'10'' x 14'4'' |
https://www.realtor.ca/real-estate/30292735/5-barnesdale-avenue-hamilton
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September 18 2026 03:59:57
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