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:61499)
Property Details
| MLS® Number | 40861672 |
| Property Type | Single Family |
| AmenitiesNearBy | Hospital, Place Of Worship, Playground, Public Transit, Schools, Shopping |
| EquipmentType | Water Heater |
| ParkingSpaceTotal | 2 |
| RentalEquipmentType | Water Heater |
Building
| BathroomTotal | 3 |
| BedroomsAboveGround | 5 |
| BedroomsBelowGround | 1 |
| BedroomsTotal | 6 |
| ArchitecturalStyle | Contemporary |
| BasementDevelopment | Partially Finished |
| BasementType | Partial (partially Finished) |
| ConstructionStyleAttachment | Detached |
| CoolingType | None |
| ExteriorFinish | Brick, Vinyl Siding |
| FoundationType | Block |
| HeatingType | Forced Air |
| StoriesTotal | 3 |
| SizeInterior | 2462 Sqft |
| Type | House |
| UtilityWater | Municipal Water |
Land
| AccessType | Road Access, Highway Access |
| Acreage | No |
| LandAmenities | Hospital, Place Of Worship, Playground, Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| SizeDepth | 85 Ft |
| SizeFrontage | 28 Ft |
| SizeTotalText | Under 1/2 Acre |
| ZoningDescription | 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
Interested?
Contact us for more information
Zac Willms
Salesperson
2025 Maria Street Unit 4a
Burlington, Ontario L7R 0G6
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September 22 2026 10:08:55
Royal LePage Burloak Real Estate Services