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Listed price in listed location currency (CAD).
$749,999

632

MLS® 40861672

Overview

Key Facts

Type Single Family Residence
Levels Residential
Size 2462 sqft
Garage 
Taxes $4,471
Days Active 38
Lot Size 
Approx. Age 
Avg. Price Per Sqft $304
MLS® Number 40861672

Property Address: 5 Barnesdale Ave S, Hamilton, ON, L8M2V1

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number40861672
Laundry LevelEnsuite
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age
BasementPartial, Partially Finished
Driveway
Garage Spaces
HeatElectric Forced Air
A/CNone

Extras

Other, All As-Is, Where-Is.

Price History

Last Sold Price

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Appreciation

--

Avg. Days Listed

10 days

Today, For Sale for $749,999

For Sale · 39 days

$749,999

MLS® 40861672

A month ago

Not Sold Yet

September 2026, For Sale for $749,999

For Sale · 39 days

$749,999

MLS® 40861672

A month ago

Not Sold Yet

June 2023, Expired for $829,000

Expired · 6 days

$829,000

MLS® 40431042

3 years ago

Canceled on Jun 9, 2023

April 2022, Expired for $799,900

Expired · 13 days

$799,900

MLS® H4131092

5 years ago

Canceled on Apr 20, 2022

Home Estimate Zoopraisal®

This property is estimated to sell between: $670,000 and $790,000.
Similar properties in this area sold on average for: $670,333
Expected to sell very soon! Similar properties sold in 27 days. This home has been on Zoocasa for 38 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

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