Sutton Logo
$749,999
 $4,026 est/mo Sourced by Back At You

5 Barnesdale Avenue,Hamilton, ON L8M2V1

Hamilton, ON L8M2V1

Share:

PreviousNext

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:13843)

Details

MLS #40861672
Listing TypeFor Sale
StyleHouse
StatusActive
Days On Site47
Listing Provided ByRoyal LePage Burloak Real Estate Services | Zac Willms

Features

Bed(s)6
Bath(s) 3 Total
SQ Feet2,462
BasementY
Story(s)2
ZoningTOC3

Interior

CoolingNone
HeatingForced air
Fireplace Yes / NoNo

Exterior

Foundation DetailsBlock

Parking

Parking Total2

Utilities

SewerMunicipal sewage system
Water SourceMunicipal water

Taxes

Tax Annual Amount4471.44

Area Information

ProvinceON
CityHamilton
Postal CodeL8M2V1
Community Name200 Gibson/Stipley
Listing VS Median (in 200 Gibson/Stipley)
Price:
$749,999
low | high
Med:
$439,000
91.466588622118% of Average
sqft:
2,462
low | high
Med:
887
100% of Average
$ / sqft:
$305
low | high
Med:
$497
13.075643475465% of Average
On site:
47
low | high
Med:
44.5
100% of Average
Sourced by Back At You

Request a showing

Request a showing

Contact

Additional Information

Showing Information

Submit Form

Required Field
By submitting, you agree to receive promotional texts and/or calls from Sutton at the number provided. Message/data rates may apply. Consent is not a condition of purchase, and you can opt out anytime by replying STOP.
The information is being provided by CREA. Information deemed accurate but not guaranteed. Information is provided for consumers personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 CREA. All Rights Reserved.

Contact

Learn More About This Property

Trevor Docherty

Trevor Docherty

Broker/Owner (705) 787-5060tdocherty@sutton.com
ProvinceON
CityHamilton
Postal CodeL8M2V1
Community Name200 Gibson/Stipley
Listing VS Median (in 200 Gibson/Stipley)
Price:
$749,999
low | high
Med:
$439,000
91.466588622118% of Average
sqft:
2,462
low | high
Med:
887
100% of Average
$ / sqft:
$305
low | high
Med:
$497
13.075643475465% of Average
On site:
47
low | high
Med:
44.5
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $562K - $937K
sqft: 1,500 - 3,000
Nearby Listings Property ImageNearby Listings Details
5 BARNESDALE AVENUE Property Photo 1
$749,999
5 Barnesdale Avenue
Hamilton (stipley), ON L8M2V1
25 FAIRHOLT Road S Property Photo 1
$849,900
25 Fairholt Road S
Hamilton, ON L8M2T2
Listing Updated: September 29, 2026 at 1:53:56 AM PDT