5 Barnesdale Avenue
Hamilton, ON
- 6 bed
- 3 bath
- approx. 2000-2500 sqft
- Detached
- 4 days 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.
Listing Details
- Taxes (2026)
- $4,471
- Listed
- September 16, 2026
Price History
Property
- Style
- 2 1/2 Storey
- Construction
- Brick, Vinyl Siding
- Roof
- Asphalt Shingle
- Foundation
- Concrete Block
- Interior
- Other
- Lot Size
- 28 x 85 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 2
Utilities
- Sewer
- Sewer
- Heat Source
- Electric
Location & Legal
- Cross Street
- King St E
- Parcel Number
- 172100153
- Possession
- Flexible
- Occupancy
- Vacant
Included
- Inclusions
- All as-is, where-is.
- Rental Items
- Hot water heater.
Schools
Elementary
- Prince of Wales Elementary Public School0.3 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 School0.5 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 School0.6 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 L8M
- Population
- 13,774
- Private dwellings
- 7,096
- Median age
- 38.4
- Average household size
- 2.1
- Median household income
- $61,200
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
Residential Freehold in Hamilton · last 12 months
- Median sold price
- $680,000
- Homes sold
- 4,934
- Median days on market
- 27
- Sale-to-list price
- 97.0%
Based on 4,934 recorded sales of residential freehold properties in Hamilton over the last 12 months.
Rooms
4-piece on Main, 3-piece on Second, 4-piece on Basement
Second
- Bedroom 29'5" x 11'
- Bedroom 38'6" x 11'
- Bedroom 49'4" x 11'
- Bedroom 510'10" x 25'6"
- Kitchen10'7" x 12'4"
Main
- Bedroom11' x 13'4"
- Kitchen8'10" x 14'4"
Basement
- Bedroom8'1" x 5'3"
- Kitchen9' x 7'2"
Listed by
ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Mortgage Calculator
$150,000
Estimated Monthly Payment
$3,685
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $3,685/mo (20% down, 5.5%)
Taxes: $373/mo · Insurance: $187/mo
Estimates only. Consult a financial advisor.
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