Robert Cianfarani
Sales Representative
Realty Executives Priority One Ltd, Brokerage
Independently owned and operated.
130 Bass Pro Mills Drive,Unit 64, Vaughan , Ontario L4K 5X2
Cell: 416.670.7165Office: 905.738.5478Fax: 905.738.3932
$749,999
Available - For Sale
Listing ID: X13797112
5 Barnesdale Avenue , Hamilton, L8M 2V1, Hamilton
| 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. |
| Price | $749,999 |
| Taxes: | $4471.44 |
| Occupancy: | Vacant |
| Address: | 5 Barnesdale Avenue , Hamilton, L8M 2V1, Hamilton |
| Directions/Cross Streets: | King St E |
| Rooms: | 8 |
| Rooms +: | 2 |
| Bedrooms: | 5 |
| Bedrooms +: | 1 |
| Family Room: | F |
| Basement: | Partially Fi, Partial Base |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 | Main | Kitchen | 8.82 | 14.33 | |
| Room 2 | Main | Bedroom | 10.99 | 13.32 | |
| Room 3 | Second | Kitchen | 10.59 | 12.33 | |
| Room 4 | Second | Bedroom 2 | 9.41 | 10.99 | |
| Room 5 | Second | Bedroom 3 | 8.5 | 10.99 | |
| Room 6 | Second | Bedroom 4 | 9.32 | 10.99 | |
| Room 7 | Second | Bedroom 5 | 10.82 | 25.49 | |
| Room 8 | Basement | Kitchen | 8.99 | 7.15 | |
| Room 9 | Basement | Bedroom | 8.07 | 5.25 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 4 | Main |
| Washroom Type 2 | 3 | Second |
| Washroom Type 3 | 4 | Basement |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 4 | Main |
| Washroom Type 7 | 3 | Second |
| Washroom Type 8 | 4 | Basement |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Total Area: | 0.00 |
| Property Type: | Detached |
| Style: | 2 1/2 Storey |
| Exterior: | Brick, Vinyl Siding |
| Garage Type: | None |
| (Parking/)Drive: | Private Do |
| Drive Parking Spaces: | 2 |
| Park #1 | |
| Parking Type: | Private Do |
| Park #2 | |
| Parking Type: | Private Do |
| Pool: | None |
| Approximatly Square Footage: | 2000-2500 |
| Property Features: | Hospital, Library |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | N |
| Heat Type: | Forced Air |
| Central Air Conditioning: | None |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Sewers: | Sewer |
$
%
Years
This calculator is for demonstration purposes only. Always consult a professional
financial advisor before making personal financial decisions.
| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES |
|
|
Robert Cianfarani
Sales Representative
Dir:
416.670.7165
Bus:
905.738.5478
Fax:
905.738.3932
| Book Showing | Email a Friend |
Jump To:
At a Glance:
| Type: | Freehold - Detached |
| Area: | Hamilton |
| Municipality: | Hamilton |
| Neighbourhood: | Stipley |
| Style: | 2 1/2 Storey |
| Tax: | $4,471.44 |
| Beds: | 5+1 |
| Baths: | 3 |
| Fireplace: | N |
| Pool: | None |
Locatin Map:
Payment Calculator:
