For Sale: 5 Barnesdale Avenue, Hamilton, ON - REW
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$749,999
6 bd • 3 ba • 2462 sf • House
5 Barnesdale Avenue
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$749,999
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5 Barnesdale AvenueHamilton, ON, L8M 2V1

Stipley
  • 6 Bed
  • 3 Bath
  • 2462 Sqft
  • House

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.
Listed by: Zac Willms, Royal LePage Burloak Real Estate Services

Home facts and features

Price details
List Price
$749,999
Get Pre-Approved
Gross Taxes for 2026
$4,471
Home facts
Bedrooms
6
Full Bathrooms
3
Parking Spaces
2
Property Type
House
Lot Size
28 ft x 85 ft (2380 ft²)
Depth
85.0
Frontage
28.0
Style
Contemporary
Heating Type
Electric Forced Air
Basement Details
Partial,Partially Finished
Features
In-suite, Other
Appliances
All As-is, Where-is.
Community
Agent details
Primary Agent
Primary Broker
Royal LePage Burloak Real Estate Services
Listing details
Days on REW
51 Days
Property Views
12
MLS® Number
40861672
Source
Information Technology Systems Ontario
Board
Cornerstone Association of REALTORS®
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25 Years
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3.99%

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Property Insights

Prince of Wales Elementary Public School
  • Public
  • JK - 8
St. Ann (Hamilton) Catholic Elementary School
  • Catholic
  • JK - 8
Adelaide Hoodless Public School
  • Public
  • JK - 8
Living Hope Christian School
  • Private
  • 9 - 12
Holy Name of Jesus Catholic School
  • Catholic
  • JK - 8
Holy Name of Jesus Catholic Elementary School
  • Catholic
  • JK - 8
ÉÉC Notre-Dame
  • Catholic
  • JK - 8
Cathedral High School
  • Catholic
  • 9 - 12
Cathy Wever Elementary Public School
  • Public
  • JK - 8
St. Brigid Catholic Elementary School
  • Catholic
  • JK - 8
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Zac Willms
Phone:
(905) 745-7728
Cell:
(905) 745-7728
Office:
905-634-7755
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