Address
5 Barnesdale Avenue, Hamilton, ON
Price
$ 749,999
Property Attributes
  • ID#X13797112
  • TypeSingle Family
  • Listing Status Active
  • MunicipalityHamilton
  • CityHamilton
  • NeighbourhoodStipley
  • Postal CodeL8M 2V1
  • StyleSingle Family Dwelling
  • Price$ 749,999
  • Bedrooms5+1
  • Bathrooms3
  • Half Bathrooms0
  • Sqr Footage2500
Data Source:
RLP - CREA EN
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.

General Features

Terms SALE
Neighbourhood Stipley
Construction Style Detached
Property Sub Type Single Family
jumpId 29239099
Property Subtype French Single Family Dwelling
Listing Type French House
MLS X13797112
Building Type House
Property Type Single Family
Sewer Sanitary sewer

Interior Features

Living Area Range 2500 sqft
Bedrooms 5+1
Basement Partially finished
Basement Type Partial
Cooling Type None
Foundation Type Block
Heating Fuel Electric
Heating Type Forced air
Beds 6
Total Baths 3
Total Baths 3

Exterior Features

Exterior Finish Brick, Vinyl siding
Parking Type No Garage

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