More Photos

×

    For Sale - 5 Barnesdale Avenue, Hamilton, Ontario

    Est payment $3,601/mo
    Get pre-qualified
    Views   2
    Time on Jump  51 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

    Sun

    8

    Nov

    Mon

    9

    Nov

    Tue

    10

    Nov

    Wed

    11

    Nov

    Thu

    12

    Nov

    Fri

    13

    Nov

    Sat

    14

    Nov

    Sun

    15

    Nov

    Mon

    16

    Nov

    Tue

    17

    Nov

    Wed

    18

    Nov

    Thu

    19

    Nov

    Fri

    20

    Nov

    Sat

    21

    Nov

    Sun

    22

    Nov

    Mon

    23

    Nov

    Tue

    24

    Nov

    Wed

    25

    Nov

    Thu

    26

    Nov

    Fri

    27

    Nov

    Sat

    28

    Nov

    Sun

    29

    Nov

    Mon

    30

    Nov

    Tue

    1

    Dec

    Wed

    2

    Dec

    Thu

    3

    Dec

    Fri

    4

    Dec

    Sat

    5

    Dec

    Sun

    6

    Dec

    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

    112 Narbonne Crescent
    Hamilton, Ontario.
    4 Beds | 3 Baths
    $799,900
    31 Hunter Street
    Hamilton, Ontario.
    4 Beds | 2 Baths
    $849,800
    54 Sentinel Lane
    Hamilton, Ontario.
    3 Beds | 3 Baths
    $799,900
    15 Miller Drive
    Hamilton, Ontario.
    4 Beds | 2 Baths
    $779,000
    262 East 27th Street
    Hamilton, Ontario.
    5 Beds | 3 Baths
    $689,900
    366 Macintosh Drive
    Hamilton, Ontario.
    4 Beds | 2 Baths
    $669,000
    55 Marion Street
    Hamilton, Ontario.
    3 Beds | 3 Baths
    $759,900
    43 Old Orchard Drive
    Hamilton, Ontario.
    3 Beds | 2 Baths
    $699,900
    1890 Rymal Road Unit# 15
    Hamilton, Ontario.
    4 Beds | 4 Baths
    $759,999
    Loading...
    5 Barnesdale Avenue
    Hamilton , Ontario
    6 3 $749,999
    Get more info