1048 Garner Rd E
Airport Employment Area, Hamilton, L9G 3K9
FOR SALE
$15,500,000
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3 + 1
BEDROOMS1
BATHROOMS1
KITCHENS7 + 1
ROOMSX9257068
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Property Description
Attention Developers and Builders! Land banking opportunity just across from new residential development. 19.5 acre land parcel surrounded by Residential redevelopment and schools. Close to John C Munro airport and 403 interchange. Lot sizes as per plan provided by Seller. Stream running through part of land. A2 Zoning. Note: two parcels being sold together with two access points off Garner Rd. Please do not walk property without notifying Listing Brokerage.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-05-30 | 2024-05-27 | 364 | $15,500,000 | - | Expired |
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Approximate Sq.Ft.
1500-2000
Acreage
10-24.99
Fronting
East
Taxes
$9,638 (2023)
Basement
Full, Part Fin
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
10
Driveway
Pvt Double
Garage Type
Detached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 13.32' x 20.67' | |
| Dining | Main | 13.16' x 9.74' | |
| Kitchen | Main | 10.24' x 12.60' | |
| Br | Main | 10.01' x 10.50' | |
| 2nd Br | Main | 10.66' x 9.15' | |
| 3rd Br | Main | 10.60' x 11.58' | |
| Rec | Bsmt | 35.99' x 23.00' | |
| 4th Br | Bsmt | 16.34' x 12.99' |
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Hamilton Market Statistics
Hamilton Price Trend
1048 Garner Rd E is a 3-bedroom 1-bathroom home listed for sale at $15,500,000, which is $14,714,836 (1,874.1%) higher than the average sold price of $785,164 in the last 30 days (October 15 - November 13). During the last 30 days the average sold price for a 3 bedroom home in Hamilton declined by $68,955 (8.1%) compared to the previous 30 day period (September 15 - October 14) and up $25,191 (3.3%) from the same time one year ago.Inventory Change
There were 283 3-bedroom homes listed in Hamilton over the last 30 days (October 15 - November 13), which is down 10.4% compared with the previous 30 day period (September 15 - October 14) and up 3.3% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Hamilton typically sold ($19,617) (2.5%) below asking price over the last 30 days (October 15 - November 13), which represents a $5,815 decrease compared to the previous 30 day period (September 15 - October 14) and ($21,493) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 3-bedroom homes in Hamilton over the last 30 days (October 15 - November 13) stood at 73.5%, up from 57.3% over the previous 30 days (September 15 - October 14) and up from 49.6% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 1-bathroom home in Hamilton stood at 37 days when successfully sold over the last 30 days (October 15 - November 13), compared to 59 days before being removed from the market upon being suspended or terminated.Listing contracted with Keller Williams Edge Realty
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