26HouseFor Sale
241 West 5th Street
Southam/Donnington, Hamilton, ON
- 5 + 2 bedrooms
- 2 bathrooms
- 5 parking spaces
- 900 square feet
Listed by RE/MAX Escarpment Realty Inc.
$579,900
HouseFor Sale
5 Barnesdale Avenue
Gibson/Stipley, Hamilton, ON L8M 2V1
$749,999
MLS® 40861672
1 / 11
- 5 + 1Bedrooms
- 3Bathrooms
- 2,462Sq. ft.
- 2Parking
- 46Days on market
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.
Property details
Property
- Property type
- Single Family Residence
- Style
- Contemporary
- Lot size
- 28 x 85 ft
- Annual taxes
- $4,471
- Zoning
- TOC3
Interior
- Heating
- Electric Forced Air
- Cooling
- None
- Basement
- Partial, Partially Finished
- Kitchens
- 3
- Included
- Other,All As-Is, Where-Is.
Exterior & parking
- Construction
- Brick, Vinyl Siding
- Roof
- Asphalt Shing
- Foundation
- Concrete Block
- Parking spaces
- 2
- Driveway
- Private Drive Double Wide
Utilities
- Sewer
- Sewer (Municipal)
- Water
- Municipal
Rooms
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Basement | 2.74 × 2.18 | — |
| Bathroom | Second | — | 3-Piece |
| Bedroom | Second | 2.87 × 3.35 | — |
| Bedroom | Second | 2.59 × 3.35 | — |
| Kitchen | Second | 3.23 × 3.76 | — |
| Bedroom | Third | 3.30 × 7.77 | — |
| Kitchen | Main | 2.69 × 4.37 | — |
| Bedroom | Second | 2.84 × 3.05 | — |
| Bedroom | Main | 3.35 × 4.06 | — |
| Bedroom | Basement | 2.46 × 1.60 | — |
| Bathroom | Main | — | 4-Piece |
| Bathroom | Basement | — | 4-Piece |
Location
5 Barnesdale Avenue, Gibson/Stipley, Hamilton, ON, L8M 2V1
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Listing courtesy of Royal LePage Burloak Real Estate Services. MLS® 40861672. Data provided by Information Technology Systems Ontario (ITSO), last updated September 22, 2026. Information deemed reliable but not guaranteed.
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