Space
Finished area and layout
- Living Area
- 2,462 sqft
- Above Grade
- 2,462 sqft (Owner)
- Finished Breakdown
- Above 2,462 sqft
- Bedrooms
- 6
- Bathrooms
- 3





Hamilton, On, L8M 2V1
Property Snapshot
MLS #40861672
Finished area and layout
Type, style and structure
This 6-bedroom, 3-bathroom detached in Hamilton offers 2,462 sqft of living area on a 28 x 85 FT lot. 2 storeys. The home features none, a partially finished, partial basement basement. Highlights include a none pool.
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. (id:60351)
King St E to
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Land, frontage and setting
Price, taxes and monthly charges
Listed by Zac Willms, Royal LePage Burloak Real Estate Services
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Listed by Zac Willms, Royal LePage Burloak Real Estate Services · MLS# 40861672
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