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

Your Agent

Cory Pavone

Sales Representative

289-212-6226


Listing provided by Cory Pavone, Sales Representative, REMAX Escarpment Realty Inc

Property Attributes
  • ID#X13797112
  • TypeSingle Family
  • Listing Status New
  • CityHamilton
  • AreaStipley
  • NeighbourhoodStipley
  • Postal CodeL8M 2V1
  • Style2 1/2 Storey
  • Taxes$ 4471
  • Price$ 749,999
  • Bedrooms6
  • Full Bathrooms3
  • Half Bathrooms0
  • Sqr Footage2000-2500
Data Source:
Toronto Real Estate Board (TRREB)
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

Sewer Sewer
Cooling None
Roof Asphalt Shingle
Architectural Style 2 1/2 Storey
Pool Features None
Construction Materials Brick,Vinyl Siding
Heater Type Forced Air
Parking Spaces 2
Property Subtype Detached
Tax Year 2026
Lot Depth 85.0
PropertyFeatures Hospital,Library,Place Of Worship,Public Transit,School
County Hamilton
New Construction No
Property Type Residential Freehold
Attached Garage No
Facing Direction West
Garage Y/N No
Status New
City Hamilton
Senior Community Y/N No
Lot Size Units Feet
Property Attached Y/N No
Tax Annual Amount 4471.44
Standard Status Active
Occupancy Type Vacant
Legal Description PT LTS 147,148 & 149,PL 413,(ALSO SHOWN ON PL448),AS IN VM34472,T/W VM34472 ; HAMILTON

Interior Features

Interior Amenities Other
Basement Partially Finished,Partial Basement
Heat Source Electric
Basement (Y/N) No
Air Conditioning Y/N No
Heating Y/N Yes
Fireplace Y/N No
Total Bedrooms 6
Elevator? No
Total Baths 3
Bedrooms 5+1
Living Area Range 2000-2500

Exterior Features

Parking Features Private Double
Total Parking 2.0
Garage Type None
Foundation Details Concrete Block
Spa No
Lot Size Source GeoWarehouse
Waterfront Y/N No
Covered Spaces 0.0

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
Taxes
AVG $4,471
$4,471
Visits
AVG 1
5
Data Provided by Inside Real Estate®

Your Agent

Cory Pavone

Sales Representative

289-212-6226


Listing provided by Cory Pavone, Sales Representative, REMAX Escarpment Realty Inc

Listed By
ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES

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