5 BARNESDALE Avenue, Hamilton, Ontario, L8M 2V1

MLS® # 40861672

House For Sale In Stipeley, Hamilton, Ontario

$749,999 QuickQuote^TM: Not Available

5+1 Beds

3 Baths

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Floor plan - 5 Barnesdale Avenue, Hamilton, ON

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5 BARNESDALE Avenue, Hamilton, Ontario, L8M 2V1

$749,999

6 Beds

3 Baths

Property Information:

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. (id:27)

Building Features:

Style: Detached
Building Type: House
Architectural Style: Contemporary
Basement Development: Partially finished
Basement Type: Partial
Construction Style - Attachment: Detached
Exterior Finish: Brick, Vinyl siding
Floor Space: 2462 sqft
Foundation Type: Block
Heating Type: Forced air
Cooling Type: None

Property Features:

OwnershipType: Freehold
Property Type: Single Family
Access Type: Road access, Highway access
Amenities Nearby: Hospital, Playground, Public Transit, Schools, Shopping
Floor Space (approx): 2462 Square Feet
Lot Depth: 85 Feet
Lot Frontage: 28 Feet
Zoning: TOC3
Sewer: Municipal sewage system
No. of Parking Spaces: 2

Rooms:

Bathroom 2nd Level Measurements not available
Bedroom 2nd Level 9'4'' x 10'0''
Bedroom 2nd Level 8'6'' x 11'0''
Bedroom 2nd Level 9'5'' x 11'0''
Kitchen 2nd Level 10'7'' x 12'4''
Bedroom 3rd Level 10'10'' x 25'6''
Bathroom Basement Level Measurements not available
Bedroom Basement Level 8'1'' x 5'3''
Kitchen Basement Level 9'0'' x 7'2''
Bathroom Main Level Measurements not available
Bedroom Main Level 11'0'' x 13'4''
Kitchen Main Level 8'10'' x 14'4''

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