Just Listed
Address
5 Barnesdale Avenue, Hamilton, ON
Price
$ 749,999
Property Attributes
- ID#40861672
- TypeSingle Family
- Listing Status Active
- MunicipalityHamilton
- CityHamilton
- AreaHamilton
- Neighbourhood200 - Gibson/Stipley
- Postal CodeL8M 2V1
- StyleContemporary
- Price$ 749,999
- Bedrooms5+1
- Bathrooms3
- Half Bathrooms0
- Sqr Footage2462
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 |
|---|---|
| Zoning Description | TOC3 |
| Amenities | Hospital, Place of Worship, Playground, Public Transit, Schools, Shopping |
| Building Architectural Style | Contemporary |
| Building Cooling Type | None |
| Location Description | King St E to Barnesdale Ave S |
| 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 |
| Basement Development | Partially finished |
| Basement Type | Partial (Partially finished) |
| Construction Style Attachment | Detached |
| Living Area Range | 2462 |
| Bedrooms | 5+1 |
Exterior Features
| Land Amenities | Hospital, Place of Worship, Playground, Public Transit, Schools, Shopping |
|---|---|
| Sewer | Municipal sewage system |
| Exterior Finish | Brick, Vinyl siding |
Room Details
| Room | Dimensions | Level | Flooring | Details |
|---|---|---|---|---|
| 3pc Bathroom | Measurements not available | Second level | ||
| 4pc Bathroom | Measurements not available | Main level | ||
| Bedroom | 11'0'' x 13'4'' | Main level | ||
| Kitchen | 8'10'' x 14'4'' | Main level |
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
In The Neighbourhood
Just Listed
Hamilton
$ 525,000
- Type
- Single Family
- Size
- 1,381 SqFt
- Rooms
- 4 Beds + 2 Baths
RE/MAX Escarpment Frank Realty
Just Listed
Hamilton
$ 548,900
- Type
- Single Family
- Size
- 1,556 SqFt
- Rooms
- 4 Beds + 2 Baths
Royal LePage State Realty Inc.
Just Listed
Hamilton
$ 699,900
- Type
- Single Family
- Size
- 1,850 SqFt
- Rooms
- 3 Beds + 3 Baths
Keller Williams Complete Realty
Just Listed
Hamilton
$ 2,750
- Type
- Single Family
- Size
- 1,491 SqFt
- Rooms
- 3 Beds + 1.5 Baths
RE/MAX Escarpment Realty Inc.
Just Listed
Hamilton
$ 419,900
- Type
- Single Family
- Size
- 1,872 SqFt
- Rooms
- 4 Beds + 2 Baths
Royal LePage State Realty Inc.
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