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For saleMLS® X13797112

5 Barnesdale Avenue, Hamilton, ON L8M 2V1

Stipley · L8M 2V1

$749,999

$375 / sq ft

1 months on market

Bedrooms
5+1
Bathrooms
3
Interior
2,000 sf
Parking
2
Lot
28 × 85 ft

What's special

  • 2 parking spaces
  • Finished basement

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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.

Rooms

9 rooms. Dimensions as published by the listing brokerage.

Room dimensions and features
RoomLevelDimensionsFeatures
KitchenMain2.69 × 4.37 m8.8 × 14.3 ft—
BedroomMain3.35 × 4.06 m11.0 × 13.3 ft—
KitchenSecond3.23 × 3.76 m10.6 × 12.3 ft—
Bedroom 2Second2.87 × 3.35 m9.4 × 11.0 ft—
Bedroom 3Second2.59 × 3.35 m8.5 × 11.0 ft—
Bedroom 4Second2.84 × 3.35 m9.3 × 11.0 ft—
Bedroom 5Second3.30 × 7.77 m10.8 × 25.5 ft—
KitchenBasement2.74 × 2.18 m9.0 × 7.2 ft—
BedroomBasement2.46 × 1.60 m8.1 × 5.2 ft—

Features

  • Other

Property details

Property

Property type
detached
Bedrooms
5 + 1
Bathrooms
3
Interior size
2,000 sq ft
Lot size
28 × 85 ft
Possession
flexible

Interior

Basement
Partially Finished, Partial Basement
Heating
Forced Air · Electric
Exposure
West

Exterior & services

Construction
Brick, Vinyl Siding
Parking spaces
2
Sewer
Sewer

Costs

List price
$749,999
Property taxes
$4,471 / year (2026)
Price per sq ft
$375
Rental items
Hot water heater.

Listing

MLS® number
X13797112
Status
For sale
Listed
September 17, 2026
Days on market
49
Last updated
September 18, 2026
Listing brokerage
ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES

Price & sale history

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Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced above most comparable listings — about 88% of comparable detached listings in Stipley are asking less.

$412KMedian $499K$698K
This home
$375 / sq ft
Comparable median
$409 / sq ft

Based on 17 comparable active detached listings in Stipley. These are asking prices, not sale prices.

Mortgage estimate

Down payment6.7% · minimum $50,000
$50,000
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$3,870.41
Property tax (est.)
$372.62
Estimated monthly
$4,243

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$11,475
Total due on closing
$11,475

An estimate on the asking price of $749,999. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$749,999

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