5 Barnesdale AVE, Hamilton, ON L8M 2V1
5 Barnesdale AVE, Hamilton, ON L8M 2V1
5 Barnesdale AVE, Hamilton, ON L8M 2V1
5 Barnesdale AVE, Hamilton, ON L8M 2V1
5 Barnesdale AVE, Hamilton, ON L8M 2V1
5 Barnesdale AVE, Hamilton, ON L8M 2V1
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Afia Afaribea

Afia Afaribea

+1(416) 906-5160
$ 749,999
Est. payment | /mo

5 Beds

3 Baths

Save
$ 749,999
Est. payment | /mo
Save

5 Beds

3 Baths

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2000-2500

Subdivision Stipley

MLS Listing ID X13797112

Style 2 1/2 Storey

Bedrooms 5

Annual Tax Amount $4,471

Tax Year 2026

Property Sub-Type Detached

Property Description

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.

Location

State ON

County Hamilton

Area Hamilton

Rooms

Family Room No

Basement Partially Finished, Partial Basement

Kitchen 3

Separate Den/Office 1

Interior

Interior Features Other

Cooling None

Fireplace No

Heat Source Electric

Exterior

Parking Features Private Double

Pool None

Roof Type Asphalt Shingle

Lot Frontage 28.0

Lot Depth 85.0

Total Parking Spaces 2

Building

Unit Features Hospital,Library,Place Of Worship,Public Transit,School

Foundation Concrete Block

Others

ParcelsYN No

Listed by ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES

Schools and Properties Nearby

Afia Afaribea

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(416) 906-5160

afia.afaribea@lptrealty.com

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5 Barnesdale AVE