$770,000
14 Prospect Street S, Hamilton, ON L8M 2Z1
Stipley
Listing courtesy of COLDWELL BANKER COMMUNITY PROFESSIONALS
Stipley · L8M 2V1
$749,999
$375 / sq ft1 months on market
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.
9 rooms. Dimensions as published by the listing brokerage.
| Room | Level | Dimensions | Features |
|---|---|---|---|
| Kitchen | Main | 2.69 × 4.37 m8.8 × 14.3 ft | — |
| Bedroom | Main | 3.35 × 4.06 m11.0 × 13.3 ft | — |
| Kitchen | Second | 3.23 × 3.76 m10.6 × 12.3 ft | — |
| Bedroom 2 | Second | 2.87 × 3.35 m9.4 × 11.0 ft | — |
| Bedroom 3 | Second | 2.59 × 3.35 m8.5 × 11.0 ft | — |
| Bedroom 4 | Second | 2.84 × 3.35 m9.3 × 11.0 ft | — |
| Bedroom 5 | Second | 3.30 × 7.77 m10.8 × 25.5 ft | — |
| Kitchen | Basement | 2.74 × 2.18 m9.0 × 7.2 ft | — |
| Bedroom | Basement | 2.46 × 1.60 m8.1 × 5.2 ft | — |
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What this home costs beyond the asking price, and how that price compares to what else is on the market.
This home is priced above most comparable listings — about 88% of comparable detached listings in Stipley are asking less.
Based on 17 comparable active detached listings in Stipley. These are asking prices, not sale prices.
Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.
Payable on closing, on top of the purchase price.
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.
What similar homes in this area actually sold for.
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$770,000
Stipley
Listing courtesy of COLDWELL BANKER COMMUNITY PROFESSIONALS
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Listing courtesy of RE/MAX ESCARPMENT REALTY INC.
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Listing courtesy of ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES