Hamilton, ON
5 Barnesdale Avenue
$749,999
Data last updated Oct 30, 2026, 7:40 p.m. ET. By using this site you agree to our Terms of Use.
Property facts
- Price
- $749,999
- Type
- Detached
- Bedrooms
- 5
- Bathrooms
- 3
- MLS®
- X13797112
- Status
- active
- Brokerage
- ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES
About this home
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.
Location
More details
- Property tax
- $4,471 (2026)
- Days on market
- 44
- Style
- 2 1/2 Storey
- Lot
- 28 × 85 Feet
- Parking
- 2 spaces · None
- Basement
- Partially Finished, Partial Basement
- Heating
- Forced Air
- Air conditioning
- None
- Neighbourhood
- Stipley
- Major intersection
- King St E
Rooms
| Room | Level | Size (m) | Features |
|---|---|---|---|
| Bedroom 3 | Second | 2.59 × 3.35 | — |
| Bedroom 4 | Second | 2.84 × 3.35 | — |
| Kitchen | Basement | 2.74 × 2.18 | — |
| Bedroom | Basement | 2.46 × 1.6 | — |
| Kitchen | Second | 3.23 × 3.76 | — |
| Kitchen | Main | 2.69 × 4.37335 | — |
| Bedroom | Main | 3.35 × 4.06 | — |
| Bedroom 2 | Second | 2.87 × 3.35 | — |
| Bedroom 5 | Second | 3.3 × 7.77 | — |
Details from PropTx (TRREB MLS®) via Repliers. Information deemed reliable but not guaranteed.