$749,999
5 Barnesdale Avenue, Hamilton, ON L8M 2V1
Stipley · Hamilton · L8M 2V1
Listing brokerage: ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES
- Beds
- 5+1
- Baths
- 3
- Sq ft
- 2000–2500
- Parking
- 2
Monthly costs
Property taxes
$373/mo
$4,471 a year (2026)
The home
- Lot size
- 28 × 85 ft
- Style
- 2 1/2 Storey
- Basement
- Partially Finished, Partial Basement
- Parking
- 2 spots
- Faces
- West
- Heating · cooling
- Forced Air
- Possession
- flexible
About this home
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.
All details20 more from the listing · Interior, Heating, Parking, Exterior, Utilities, Taxes, Listing
Interior
- Bedrooms
- 5+1
- Bathrooms
- 3
- Kitchens
- 3
- Rooms
- 8
- Size
- 2000-2500 sq ft
Features
- Other
Heating & Cooling
- Heat source
- Electric
Parking
- Covered spaces
- 0
Features
- Private Double
Exterior & Lot
- Exterior
- Brick, Vinyl Siding
- Roof
- Asphalt Shingle
- Foundation
- Concrete Block
Utilities
- Sewer
- Sewer
Taxes & Fees
- HST
- Included In
Listing
- MLS® number
- X13797112
- Type
- Detached
- Transaction
- For Sale
- Neighbourhood
- Stipley
- Cross streets
- King St E
Rooms · 12Kitchen ×3, Bedroom ×2, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Washroom ×3
Kitchen
Main
2.69 × 4.37 m · 8′10″ × 14′4″
Bedroom
Main
3.35 × 4.06 m · 11′0″ × 13′4″
Kitchen
Second
3.23 × 3.76 m · 10′7″ × 12′4″
Bedroom 2
Second
2.87 × 3.35 m · 9′5″ × 11′0″
Bedroom 3
Second
2.59 × 3.35 m · 8′6″ × 11′0″
Bedroom 4
Second
2.84 × 3.35 m · 9′4″ × 11′0″
Bedroom 5
Second
3.30 × 7.77 m · 10′10″ × 25′6″
Kitchen
Basement
2.74 × 2.18 m · 9′0″ × 7′2″
Bedroom
Basement
2.46 × 1.60 m · 8′1″ × 5′3″
4-piece washroom
Main
3-piece washroom
Second
4-piece washroom
Basement
History
Past listings and sales for this home and building.
Monthly cost
Estimated monthly cost
$3,693/mo
- Mortgage
- $3,321
- Property tax
- $373
Amortization
Estimate only, for illustration. Includes mortgage default insurance when less than 20% is put down. Speak with a lender for an exact figure.
Cash to close
Cash to close
$163,445
$150,000 down + $13,445 to $14,695 in closing costs
- Ontario land transfer tax
- $11,475
- Legal fees and disbursements
- $1,500 to $2,500
- Title insurance
- $250 to $500
- Property tax adjustment
- $221
Estimate only, not legal or tax advice. Rates as of 2026-10-14 from Ontario, City of Toronto and CMHC published rates. Legal and title figures are typical ranges. Adjustments assume the seller prepaid the closing month. First-time rebates have eligibility rules; confirm with your lawyer.
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$749,999
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