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.

Features & finishes

View

Air Conditioning

Basement

Property details

MLS® Number	X13797112
Status	Active
Listing Type	For Sale
Property Type	Single Family Home
Interior Size	2,000 sq ft
Beds / Baths	6 bed · 3 bath
Neighbourhood	Stipley
City	Hamilton
Postal Code	L8M 2V1
Province	ON
Listed Date	September 17, 2026
Days on Market	3
Price per Sq Ft	$375
Brokerage	ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES