More Photos

×

    For Sale - 5 Barnesdale Avenue, Hamilton, Ontario

    Est payment $3,601/mo
    Get pre-qualified
    Views   2
    Time on Jump  14 day

    AI Summary *

    • Shovel-ready construction opportunity in a growing neighborhood.
    • Approved development for a 3-storey, 5-unit residential building.
    • Construction financing of approximately $1.5M already in place.
    • Projected rental income of about $12,100/month upon completion.
    • Includes plans for bike storage and garbage collection facilities.




    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.
    Listing IDX13797112
    Address5 Barnesdale Avenue
    CityHamilton, Ontario
    Price$749,999
    Bed / Bath6 / 3 Full
    Style2 1/2 Storey, Detached
    ConstructionBrick, Vinyl Siding
    TypeResidential
    StatusFor Sale

    Subtype DetachedIndoor Features OtherAmenities Hospital, Library, Place Of Worship, Public Transit, SchoolOwnership FreeholdBasement Partially Finished, Partial BasementFoundation Concrete BlockHeating / Cooling Forced AirHeating Fuel ElectricSewer Sewer

    Parking 2.00
    ASAP

    Sat

    3

    Oct

    Sun

    4

    Oct

    Mon

    5

    Oct

    Tue

    6

    Oct

    Wed

    7

    Oct

    Thu

    8

    Oct

    Fri

    9

    Oct

    Sat

    10

    Oct

    Sun

    11

    Oct

    Mon

    12

    Oct

    Tue

    13

    Oct

    Wed

    14

    Oct

    Thu

    15

    Oct

    Fri

    16

    Oct

    Sat

    17

    Oct

    Sun

    18

    Oct

    Mon

    19

    Oct

    Tue

    20

    Oct

    Wed

    21

    Oct

    Thu

    22

    Oct

    Fri

    23

    Oct

    Sat

    24

    Oct

    Sun

    25

    Oct

    Mon

    26

    Oct

    Tue

    27

    Oct

    Wed

    28

    Oct

    Thu

    29

    Oct

    Fri

    30

    Oct

    Sat

    31

    Oct

    By clicking “Get pre-qualified” and/or 'Submit' you are expressly consenting, in writing, to receive telemarketing and other messages, including artificial or prerecorded voices, via automated calls or texts from jumprealty.ca and up.mortgages at the number you provided above. This consent is not required to purchase any good or service. Message and data rates may apply, frequency varies. Text HELP for help or STOP to cancel. More details in Terms of Use and Privacy Policy.

    Listing Brokerage: ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

    Hospital
    Parks
    Schools
    Place of Worship
    Please select an amenity above to view a list.

    Recommended Properties

    527 Shaver Road Unit# 6
    Hamilton, Ontario.
    3 Beds | 3 Baths
    $699,900
    23 Tara Court
    Hamilton, Ontario.
    4 Beds | 2 Baths
    $749,000
    30 Catalina Drive
    Hamilton, Ontario.
    4 Beds | 2 Baths
    $769,900
    123 Skinner Road
    Hamilton, Ontario.
    3 Beds | 3 Baths
    $809,990
    294 East 28th Street
    Hamilton, Ontario.
    4 Beds | 2 Baths
    $709,900
    234 Balmoral Avenue
    Hamilton, Ontario.
    4 Beds | 2 Baths
    $699,000
    150 Howard Avenue
    Hamilton, Ontario.
    5 Beds | 2 Baths
    $795,000
    64 Tweedsmuir Avenue
    Hamilton, Ontario.
    3 Beds | 2 Baths
    $799,000
    8 Rouley Lane
    Hamilton, Ontario.
    3 Beds | 3 Baths
    $849,900
    Loading...
    5 Barnesdale Avenue
    Hamilton , Ontario
    6 3 $749,999
    Get more info