ACTIVE
See all 11 photosACTIVE · 40 days
$749,999See Homsy estimate →
5 Barnesdale AvenueStipley, Hamilton, ON L8M 2V1 · Sale · MLS® X13797112
5+1Bedrooms
3Bathrooms
2000-2500Sq ft
2Parking
$300–$375Per sq ft
About this home
The homeTaxes$4,471.44/yr
Price per sq ft$300–$375
Possessionflexible
All listing details
- 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.
- Property type
- Detached
- Style
- 2 1/2 Storey
- Heating
- Forced Air
- Air conditioning
- None
- Basement
- Partially Finished, Partial Basement
- Garage
- None
- Parking spaces
- 2
- Central vac
- N
- Bedroom 3
- 2.59 × 3.35 m
- Bedroom 4
- 2.84 × 3.35 m
- Kitchen
- 2.74 × 2.18 m
- Bedroom
- 2.46 × 1.6 m
- Kitchen
- 3.23 × 3.76 m
- Kitchen
- 2.69 × 4.37335 m
- Bedroom
- 3.35 × 4.06 m
- Bedroom 2
- 2.87 × 3.35 m
- Bedroom 5
- 3.3 × 7.77 m
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The area
AreaUnavailablewalk to transit
Unavailablegrocery stores within 1 km
Unavailablepublic schools within 1 km
Unavailableparks within 1 km
Price & listing history
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Homsy estimate
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Cost to own
CostKnown monthly carrying costs
$373 / month
Property tax$373
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