5 Barnesdale Avenue, Hamilton (Stipley), Ontario

About 5 Barnesdale Avenue

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:6289)

More Info on this Stipley House MLS® listing

5 Barnesdale Avenue is a house listing for sale in Hamilton (Stipley). The MLS® number is X13797112. It features 6 bedrooms, 3 bathrooms. It's currently listed for $749,999. For more details on MLS® X13797112, including price history, disclosures, or to schedule a private showing, fill out the form on this page. This house listing in Stipley is available now!

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