For sale 50$574,900
5+1 bed2 bath1,500–2,000 sq ft
75 Kensington Avenue North
Crown Point, Hamilton
1 month agoMLS® X13753720
ROYAL LEPAGE STATE REALTY
$749,999
5 Barnesdale Avenue
Hamilton, Ontario L8M2V1
For sale· Added
5+1 bed3 bath2,462 sqft
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.
Location
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Property details
Listing
- MLS® number
- 40861672
- Added
- Sep 17, 2026 ()
- Updated
- Sep 22, 2026 ()
- Info refreshed
Overview
- Property type
- Single Family
- Building type
- Detached
- Style
- Contemporary
- Storeys
- 2.5
- Ownership
- Freehold
Inside
- Bedrooms
- 5+1
- Bathrooms
- 3
- Heating
- Forced air
- Cooling
- None
- Fireplace
- No
Building
- Basement
- Partially finished, Partial
- Exterior
- Brick, Vinyl siding
- Foundation
- Block
- Parking
- 2 spaces
Land
- Frontage
- 28 ft
- Zoning
- TOC3
Services
- Water
- Municipal water
- Sewer
- Municipal sewage system
Location
- Community
- Gibson/Stipley
- Directions
- King St E to Barnesdale Ave S
Running costs
- Annual property tax
- $4,471
Rooms
| 4pc Bathroom | Basement | — |
| Bedroom | Basement | 5'3'' x 8'1'' |
| Kitchen | Basement | 7'2'' x 9'0'' |
| Bedroom | Third level | 25'6'' x 10'10'' |
| 3pc Bathroom | Second level | — |
| Bedroom | Second level | 10'0'' x 9'4'' |
| Bedroom | Second level | 11'0'' x 8'6'' |
| Bedroom | Second level | 11'0'' x 9'5'' |
| Kitchen | Second level | 12'4'' x 10'7'' |
| 4pc Bathroom | Main level | — |
| Bedroom | Main level | 13'4'' x 11'0'' |
| Kitchen | Main level | 14'4'' x 8'10'' |
$749,999
5 Barnesdale Avenue
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