Just Listed
Address
5 Barnesdale Avenue, Hamilton (Stipley), ON
Price
$ 749,999

Your Agent

Dave Bartolacci

Sales Representative

289-212-6226


Listing provided by Dave Bartolacci, Sales Representative, REMAX Escarpment Realty Inc

Property Attributes
  • ID#X13797112
  • TypeSingle Family
  • Listing Status Active
  • MunicipalityHamilton (Stipley)
  • CityHamilton (Stipley)
  • AreaStipley
  • NeighbourhoodStipley
  • Postal CodeL8M 2V1
  • Style
  • Price$ 749,999
  • Bedrooms5+1
  • Bathrooms3
  • Half Bathrooms0
Data Source:
Canadian Real Estate Association (CREA)
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. (id:7434)

General Features

Property Type Single Family
CommunityName Stipley
Amenities Hospital, Place of Worship, Public Transit, Schools
Building Cooling Type None
Location Description Cross Streets: King St E. ** Directions: King St E to.
Parking Space Total 2
Foundation Type Block
Building Type House
Ownership Type Freehold
Building.StoriesTotal 2.5

Interior Features

Building Fireplace Present False
Building Heating Type Forced air
Building Heating Fuel Electric
Basement Development Partially finished
Basement Type Partial (Partially finished)
Construction Style Attachment Detached
Living Area Range 2000
Bedrooms 5+1

Exterior Features

Land Amenities Hospital, Place of Worship, Public Transit, Schools
Sewer Sanitary sewer
Exterior Finish Brick, Vinyl siding

Room Details

Room Dimensions Level Flooring Details
Bedroom 3.35 m x 4.06 m Main level 4.06 m
Bedroom 2 2.87 m x 3.35 m Second level 3.35 m
Bedroom 3 2.59 m x 3.35 m Second level 3.35 m
Bedroom 4 2.84 m x 3.35 m Second level 3.35 m
Bedroom 5 3.3 m x 7.77 m Second level 7.77 m
Kitchen 2.69 m x 4.3734 m Main level 4.3734 m

Amenities

  • Views
  • 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

Property vs Single Family Average in L8M 2V1

Price
AVG $750K
$750K

Your Agent

Dave Bartolacci

Sales Representative

289-212-6226


Listing provided by Dave Bartolacci, Sales Representative, REMAX Escarpment Realty Inc

Listed By
ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES

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