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$1,649,000
Hamilton
116-120 Barnesdale Avenue North, Hamilton (Gibson), Ontario, L8L6L7
This 8-bedroom, 3-bathroom home in Hamilton is for sale offering roughly 2,750 sq ft of space. It has been on the market 76 days, fresher than the Hamilton average of 87 days.
A rare urban land opportunity with room to think big. 116-120 Barnsdale Ave N offers nearly one-third of an acre within Hamilton's city limits, currently improved with two 2.5 storey homes on one expansive parcel. Buy and hold for future potential, renovate and explore conversion of the existing buildings, investigate a possible severance, or reimagine the entire property as a new multi-residential development. The possibilities make this a compelling opportunity for builders, developers and long-term investors. The location adds to the promise. Enjoy convenient access to schools, parks, shopping, local transit and Hamilton Stadium, all within an established neighbourhood experiencing continued investment and renewal. The property is also close to the planned Hamilton LRT corridor, one of the city's most significant transit investments: a proposed 14-kilometre, 17-stop line connecting McMaster University to Eastgate Square through Hamilton's lower city, with links to HSR and GO Transit. Substantial land parcels of this size are increasingly difficult to find within the urban boundary. Whether your vision is to enhance what is already here, create additional residential opportunities, assemble a long-term landholding, or pursue a complete redevelopment designed to maximize the site, 116-120 Barnsdale presents an exciting foundation for what comes next. Seller is registered Real Estate Broker. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 76 days on market, against an average age of 87 days across the listings currently for sale in this city
This 8-bed single family in Hamilton (Gibson) has been listed for 76 days, which is 11 days fresher than the city average of 87. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,649,000, about 25.4× the local median household income of $65,000.
Carrying it typically needs a household income of about $322,107 (20% down, 25-yr amortization, stress-tested) — roughly 396% above the area median.
Source: Statistics Canada, 2021 Census (FSA L8L)
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Loading rates, 30-yr amortization
Cash Needed to Close
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