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Property Description
Rare opportunity to own this beautifully renovated three family dwelling located in Hamilton West Mountain. Fully updated in 2020, this 3200 square foot building is ready for a new owner to capitalize on its rental potential. With 7 bedrooms and 5 bathrooms, this property offers ample living space. The main floor unit, which includes 3 bedrooms and 3 baths, has been left vacant for the new buyer to set their own market rents. Recent renovations include new bathrooms, flooring, baseboards, tiles, and fresh paint throughout. The upper unit benefits from a new A/C split system installed in 2022, while a brand new furnace was added in 2024 for optimal comfort. This property comes equipped with 2023 fridges and stoves, two laundry rooms (including a coin-operated one in the common area), and plenty of storage space. The detached garage is freshly painted and finished, providing the potential for conversion into an ADU or leasing for additional income. Three separate electrical panels, including one in the garage, and a 3-car concrete driveway. Located just a short drive from Highway 403 and Meadowlands Power Centre, and in close proximity to schools, universities, and hospitals, it is perfectly positioned to attract quality tenants. ADDITIONAL ROOMS: Basement - Living Room 5.05m X 4.34m / Basement - Bedroom 3.12m X 2.18m.
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2024-07-12 | 2024-09-17 | 67 | $2,650 | - | Terminated |
Property Features
Library, Park, Place Of Worship, Public Transit, Rec Centre, School
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
2000-2500
Lot Size
80' x 102'
Lot Irregularities
80.24ft x 26.18ft x 102.28ft x 72.06ft
Fronting
West
Taxes
$5,383 (2024)
Basement
Finished, Sep Entrance
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Pvt Double
Garage Type
Detached
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Dining | Main | 7.09' x 18.41' | |
Kitchen | Main | 5.15' x 10.99' | |
Living | Main | 9.42' x 10.99' | |
Br | Main | 9.25' x 10.33' | |
Br | Main | 10.01' x 10.01' | |
Br | Main | 10.50' x 10.76' | |
Br | 2nd | 10.76' x 10.33' | |
Kitchen | 2nd | 7.15' x 10.01' | |
Living | 2nd | 9.84' x 15.49' | |
Br | 2nd | 9.15' x 10.93' | |
Br | Bsmt | 12.60' x 9.58' | |
Kitchen | Bsmt | 9.25' x 14.24' |
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Hamilton Market Statistics
Hamilton Price Trend
107 Horning Dr is a 5-bedroom 5-bathroom home listed for sale at $1,624,900, which is $763,300 (88.6%) higher than the average sold price of $861,600 in the last 30 days (December 8 - January 6). During the last 30 days the average sold price for a 5 bedroom home in Hamilton declined by $240,249 (21.8%) compared to the previous 30 day period (November 8 - December 7) and down $370,983 (30.1%) from the same time one year ago.Inventory Change
There were 16 5-bedroom homes listed in Hamilton over the last 30 days (December 8 - January 6), which is down 40.7% compared with the previous 30 day period (November 8 - December 7) and up 128.6% compared with the same period last year.Sold Price Above/Below Asking ($)
5-bedroom homes in Hamilton typically sold ($17,350) (2.0%) below asking price over the last 30 days (December 8 - January 6), which represents a $23,105 increase compared to the previous 30 day period (November 8 - December 7) and ($73,356) 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 5-bedroom homes in Hamilton over the last 30 days (December 8 - January 6) stood at 62.5%, down from 74.1% over the previous 30 days (November 8 - December 7) and down from 71.4% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 5-bathroom home in Hamilton stood at 74 days when successfully sold over the last 30 days (December 8 - January 6), compared to 91 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Escarpment Realty Inc.,
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