5 BARNESDALE Avenue, Hamilton, ON L8M2V1
5 BARNESDALE Avenue, Hamilton, ON L8M2V1
5 BARNESDALE Avenue, Hamilton, ON L8M2V1
5 BARNESDALE Avenue, Hamilton, ON L8M2V1
5 BARNESDALE Avenue, Hamilton, ON L8M2V1
5 BARNESDALE Avenue, Hamilton, ON L8M2V1
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Laxman Hanmaiahgari

Laxman Hanmaiahgari

+1(778) 223-8193
$ 749,999
Est. payment | /mo

6 Beds

3 Baths

2,462 SqFt

Save
$ 749,999
Est. payment | /mo
Save

6 Beds

3 Baths

2,462 SqFt

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2462

Square Footage 2,462 sqft

Price per Sqft $304

Subdivision 200 - Gibson/Stipley

MLS® Listing ID 40861672

Style Contemporary

Bedrooms 6

Property Sub-Type Freehold

Property 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. (id:24570)

Location

Province ON

Rooms

Kitchen 3.0

Extra Room 1 Second level Measurements not available 3pc Bathroom

Extra Room 2 Second level 9'4'' x 10'0'' Bedroom

Extra Room 3 Second level 8'6'' x 11'0'' Bedroom

Extra Room 4 Second level 9'5'' x 11'0'' Bedroom

Extra Room 5 Second level 10'7'' x 12'4'' Kitchen

Extra Room 6 Third level 10'10'' x 25'6'' Bedroom

Interior

Heating Forced air

Cooling None

Exterior

Parking Features No

View Y/N No

Attached Garage No

Total Parking Spaces 2

Garage No

Private Pool No

Building

Story 2.5

Sewer Municipal sewage system

Architectural Style Contemporary

Others

Ownership Freehold

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Listed by Royal LePage Burloak Real Estate Services

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Laxman Hanmaiahgari

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(778) 223-8193

info@laxmanhomes.com

# 500 666 Burrard Street, Vancouver, Columbia V6C3P6, Canada

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5 BARNESDALE Avenue