About 5 Barnesdale Avenue
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.
Features of 5 Barnesdale Avenue
| MLS® # | 40861672 |
|---|---|
| Price | $749,999 |
| Bedrooms | 6 |
| Bathrooms | 3.00 |
| Full Baths | 3 |
| Square Footage | 2,462 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Style | Contemporary |
| Status | Active |
Community Information
| Address | 5 Barnesdale Avenue |
|---|---|
| Area | 20 - Hamilton Centre |
| Subdivision | 200 - Gibson/Stipley |
| City | Hamilton |
| County | Hamilton |
| Province | ON |
| Postal Code | L8M 2V1 |
Amenities
| Parking Spaces | 2 |
|---|---|
| Is Waterfront | No |
Interior
| Interior Features | Other |
|---|---|
| Heating | Electric Forced Air |
| Cooling | None |
| Fireplace | No |
| # of Stories | 2 |
| Has Basement | Yes |
| Basement | Partial, Partially Finished |
Exterior
| Lot Description | Urban, City Lot, Highway Access, Hospital, Library, Place of Worship, Playground Nearby, Public Parking, Public Transit, Schools, Shopping Nearby |
|---|---|
| Roof | Asphalt Shing |
| Construction | Brick, Vinyl Siding |
| Foundation | Concrete Block |
Additional Information
| Date Last Updated | September 19th, 2026 |
|---|---|
| Zoning | TOC3 |
Listing Details
| Office | Royal LePage Burloak Real Estate Services |
|---|