Address
5 Barnesdale Avenue, Hamilton, ON
Price
$ 749,999
Property Attributes
- MLS#40861672
- TypeSingle Family
- Listing Status Active
- CityHamilton
- Area20 - Hamilton Centre
- Neighbourhood200 - Gibson/Stipley
- Postal CodeL8M 2V1
- StyleContemporary
- Taxes$ 4471
- Price$ 749,999
- Bedrooms6
- Full Bathrooms3
- Half Bathrooms0
- Sqr Footage2462
Data Source:
Ontario Regional (ITSO)
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.
| Price History | |
|---|---|
| 9/17/2026 | Listed $749,999 |
General Features
| Living Area | 2462 |
|---|---|
| Sewer | Sewer (Municipal) |
| Heating | Electric Forced Air |
| Cooling | None |
| Roof | Asphalt Shing |
| Zoning | TOC3 |
| Architectural Style | Contemporary |
| Construction Materials | Brick,Vinyl Siding |
| Stories Count | 2 |
| Property Subtype | Single Family Residence |
| County | Hamilton |
| New Construction | false |
| Property Type | Residential |
| Facing Direction | North,West |
| Garage Y/N | false |
| Total Rooms | 12 |
| Full Baths | 3 |
| Status | Active |
| Directions | King St E to Barnesdale Ave S |
| City | Hamilton |
| Senior Community Y/N | false |
| Open Parking Spaces | 2 |
| MLS Area | 20 - Hamilton Centre |
| Property Attached Y/N | false |
| MLS Area Minor | 200 - Gibson/Stipley |
| Building Area Units | Square Feet |
| Standard Status | Active |
Interior Features
| Interior Amenities | Other |
|---|---|
| Basement | Partial,Partially Finished |
| Kitchen Level | Basement,Main,Second |
| Air Conditioning Y/N | false |
| Heating Y/N | true |
| Fireplace Y/N | false |
| Above Grade Finished Area | 2462 |
| Laundry Features | In-Suite |
| Total Bedrooms | 6 |
| Main Level Bedrooms | 1 |
| Main Level Bathrooms | 1 |
| Below Grade Finished Area Unit Type | Square Feet |
| Above Grade Finished Area Source | Owner |
| Above Grade Finished Area Unit Type | Square Feet |
| Total Baths | 3 |
Exterior Features
| Lot Features | Urban,City Lot,Highway Access,Hospital,Library,Place of Worship,Playground Nearby,Public Parking,Public Transit,Schools,Shopping Nearby |
|---|---|
| Water Source | Municipal |
| Total Parking | 2 |
| Inclusions | Other,All As-Is, Where-Is. |
| Foundation Details | Concrete Block |
| Building Area Total | 2462 |
| Lot Dimensions | 28 x 85 |
| Frontage Length | 28.00 |
| Frontage Type | West |
| Lot Size Source | GeoWarehouse |
| Waterfront Y/N | false |
| Road Frontage Type | Municipal Road |
| Crops Included Y/N | false |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No Strata Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Data provided by the Ontario Regional Technology & Information Systems. The information is deemed reliable, but is not guaranteed. Not intended to solicit buyers or sellers, landlords or tenants currently under contract.
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