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.
5 bedrooms, 3 bathrooms, about 2,000 sq ft, works out to roughly $375 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 5 Barnesdale Ave
Every detail from the listing, in one place.
Type
Detached
Style
2 1/2 Storey
Living space
2000-2500 sq ftas stated on the listing
Parking
2 spaces
Basement
Partially Finished, Partial Basement
Features & systems
Parking & garage
Parking spaces
2
Interior
Basement
Partially Finished · Partial Basement
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
2 1/2 Storey
Property class
Detached
5 Barnesdale Ave Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X13797112$749,999
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 5 Barnesdale Ave Compares to the Hamilton Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$3,685
/mo
based on the purchase price of $749,999
$150,000 cash
$599,999 financed
$505,357 total interest
Principal54%$599,999
Interest46%$505,357
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Hamilton
Other 4–5 bed homes for sale in Hamilton around $750K.
Average days on market41Homes sold in about 41 days on average.
Sale-to-list ratio97.0%On average, homes sold below asking.
Active listings2,418Homes for sale here right now.
Median vs prior 90 days−2.9%Compared with May 11 – Aug 9, 2026: prices down.
Based on 1,780 sales from Aug 9 – Nov 7, 2026 (1,551 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
5 Barnesdale Ave is listed at $749,999 (MLS® X13797112). Summitly updates the price as soon as the MLS® record changes.
Is $749,999 a good price for 5 Barnesdale Ave?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Hamilton. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 5 Barnesdale Ave changed?
No — 5 Barnesdale Ave is still listed at its original asking price of $749,999.
How many bedrooms and bathrooms does 5 Barnesdale Ave have?
5 Barnesdale Ave has 5 bedrooms and 3 bathrooms, with about 2,000–2,500 square feet of living space. It is a detached home in Hamilton.
Is 5 Barnesdale Ave close to transit?
The nearest rapid-transit station is Hamilton GO Centre GO Station (Lakeshore West GO), about 2.8 km in a straight line. West Harbour GO Station is about 3.1 km. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 5 Barnesdale Ave?
About $3,685 a month — principal and interest on $749,999 with 20% down ($150,000), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 5 Barnesdale Ave compare with other homes in Hamilton?
Its asking price of $749,999 is about 11% above the median sold price in Hamilton over the last 90 days, $675,000, across 1,780 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 5 Barnesdale Ave been sold before?
Summitly has no earlier MLS® sale or lease of 5 Barnesdale Ave on record from the last two years. Older records aren't shown under TRREB rules.
Where is 5 Barnesdale Ave?
5 Barnesdale Ave is in Hamilton, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 5 Barnesdale Ave been on the market?
52 days — 5 Barnesdale Ave was listed on September 16, 2026.
What is the price per square foot of 5 Barnesdale Ave?
About $300 to $375 per square foot: the asking price of $749,999 over the 2,000–2,500 sq ft the listing gives as its size range.
