
15 BARNESDALE Avenue
Hamilton, Ontario
5 bed • 4 bath • Multi-family
Looking for an income-generating property? Consider living in one portion while renting out the additional units to help offset your mortgage and maximize affordability. This turn-key opportunity in Hamilton’s thriving Stipley neighbourhood may be just what you're looking for!! This extensively renovated 2.5-storey detached brick property offers three self-contained living areas, each with a private entrance, full kitchen, bathroom, and in-suite laundry — ideal for strong rental income, multi-unit living, or house-hack potential. Units 1 & 3 can be combined for families, while the lower level can be rented. Over $250,000 in professional renovations completed in 2024/2025 provide peace of mind and reduced capital expenses for years to come. Major updates include new roof, fascia, soffits, eavestroughs, all windows, two fully renovated kitchens, 3.5 bathrooms, updated electrical and plumbing, new HVAC with owned furnace and central heat pump, rented tankless water heater, fresh interior and exterior paint, and a complete 2024 appliance package (3 fridges, 3 stoves, 3 dishwashers, 3 microwaves, 3 washers, 3dryers). Offering approximately 2,234 sq ft of finished living space, the property is thoughtfully configured for multi-unit use and provides excellent flexibility for investors seeking multiple revenue streams or a live-in investment. Four to Six-car tandem parking adds further tenant appeal, with additional street parking available. Strategically located in a high-demand rental area just steps from Ottawa Street's vibrant commercial corridor, and within walking distance to Gage Park, Tim Hortons Field, transit, schools, and amenities. Quick access to Highway 403,Red Hill Valley Parkway, and GO Transit ensures strong tenant demand and commuter convenience. A rare, fully renovated multi-unit style property delivering immediate income potential, long-term appreciation, and minimal maintenance in one of Hamilton’s rapidly growing investment corridors.
Price History
Schools
Elementary
- Prince of Wales Elementary Public School0.2 km
Public · Hamilton-Wentworth DSB · 540 students
Grade 3 reading: 61% met the provincial standard · Grade 6 math: 49% met the provincial standard
- St. Ann (Hamilton) Catholic Elementary School0.4 km
Catholic · Hamilton-Wentworth CDSB · 375 students
Grade 3 reading: 73% met the provincial standard · Grade 6 math: 52% met the provincial standard
- Adelaide Hoodless Public School0.7 km
Public · Hamilton-Wentworth DSB · 580 students
Grade 3 reading: 83% met the provincial standard · Grade 6 math: 52% met the provincial standard
Secondary
- Bernie Custis Secondary School Secondary School0.6 km
Public · Hamilton-Wentworth DSB · 955 students
Grade 10 literacy: 65% met the provincial standard
- Cathedral High School1.6 km
Catholic · Hamilton-Wentworth CDSB · 1650 students
Grade 10 literacy: 64% met the provincial standard
- System Alternative Education Sir Isaac Brock Secondary School2.1 km
Public · Hamilton-Wentworth DSB · 65 students
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area L8L
- Population
- 32,312
- Private dwellings
- 14,444
- Median age
- 36.4
- Average household size
- 2.4
- Median household income
- $65,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Multi-family in Hamilton · last 12 months
- Median sold price
- $683,000
- Homes sold
- 4,993
- Median days on market
- 27
- Sale-to-list price
- 97.1%
Based on 4,993 recorded sales of multi-family properties in Hamilton over the last 12 months.
Location
Mortgage Calculator
$179,980
Estimated Monthly Payment
$4,421
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $4,421/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $225/mo
Estimates only. Consult a financial advisor.
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