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Property Description
Location! Location! Location! This well-maintained turnkey property can generate income over 5k/month. Walking distance to McMaster. Popular rent to students. Schools, grocery stores, bus stops, hospital, everything you would expect in this premium community. New renovated kitchens and bathrooms! Third floor primary room features a 3 pieces bathroom. Basement separate entrance. Detached garage. Currently vacant. Possession date flexible.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-05-11 | 2024-08-10 | 91 | $949,800 | - | Expired |
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Property Details
Street
Community
City
Property Type
Detached, 2 1/2 Storey
Lot Size
33' x 100'
Fronting
South
Taxes
$5,731 (2023)
Basement
Fin W/O, Finished
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Window Unit
Water
Municipal
Parking Spaces
3
Driveway
Available
Garage Type
Detached
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Hamilton Market Statistics
Hamilton Price Trend
1078 King St W is a 5-bedroom 4-bathroom home listed for sale at $938,000, which is $140,566 (13.0%) lower than the average sold price of $1,078,566 in the last 30 days (August 20 - September 18). During the last 30 days the average sold price for a 5 bedroom home in Hamilton increased by $63,795 (6.3%) compared to the previous 30 day period (July 21 - August 19) and up $102,476 (10.5%) from the same time one year ago.Inventory Change
There were 49 5-bedroom homes listed in Hamilton over the last 30 days (August 20 - September 18), which is up 69.0% compared with the previous 30 day period (July 21 - August 19) and up 36.1% compared with the same period last year.Sold Price Above/Below Asking ($)
5-bedroom homes in Hamilton typically sold ($73,710) (6.8%) below asking price over the last 30 days (August 20 - September 18), which represents a $75,127 decrease compared to the previous 30 day period (July 21 - August 19) and ($35,207) less 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 (August 20 - September 18) stood at 30.6%, up from 24.1% over the previous 30 days (July 21 - August 19) and up from 30.6% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 4-bathroom home in Hamilton stood at 48 days when successfully sold over the last 30 days (August 20 - September 18), compared to 84 days before being removed from the market upon being suspended or terminated.Listing contracted with Homelife New World Realty Inc.
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