1 / 85 BARNESDALE AVENUE
Hamilton (Stipley), Ontario, L8M2V1
$749,999
Bedrooms
6
Bathrooms
3
Parking
2
About this property
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:66779)
Rooms
| Kitchen | Main level | — |
| Bedroom | Main level | — |
| Kitchen | Second level | — |
| Bedroom 2 | Second level | — |
| Bedroom 3 | Second level | — |
| Bedroom 4 | Second level | — |
| Bedroom 5 | Second level | — |
| Kitchen | Basement | — |
| Bedroom | Basement | — |
Details
- Sewer
- Sanitary sewer
- Cooling
- None
- Heating
- Forced air, Electric
- List aor
- Toronto
- Stories
- 2.5
- Basement
- Partially finished, Partial
- Directions
- Cross Streets: King St E. ** Directions: King St E to.
- Fireplace
- No
- Water source
- Municipal water
- Structure type
- House
- Parking features
- No Garage
- Tax annual amount
- 4,471.44
- Exterior features
- Brick, Vinyl siding
- Foundation details
- Block
- Lot size dimensions
- 28 x 85 FT
- Bedrooms above grade
- 5
- Bedrooms below grade
- 1
- Property attached
- No
More in Hamilton
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