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Property Description
Turnkey Legal Non-Conforming Triplex in the Corktown neighborhood of Downtown Hamilton. This renovated property has 3 spacious self contained units with separate hydro meters, ample parking in the rear, storage units in the unfinished basement with a separate entrance. The main floor is a 2-bedroom suite with potential rent of $2,100. The 2nd floor offers a large 2-bedroom plus den suite with a potential rent 0f $2,100. The 3rd floor features a 2 bedroom suite with a potential rent of $1,800. Unit 2 & 3 have private balconies in the rear. All units have ensuite laundry and have been extensively renovated for maximum rental income. Located near many amenities including, but not limited to Hospitals, Schools, Parks, Public Transportation, and many New Developments in the bustling Downtown Core. Vacant possession, ideal investment opportunity in a growing market with a net income of $57,600 annually, Don't miss out, call today for a private showing.
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2024-09-09 | 2024-09-23 | 14 | $1,500 | - | Terminated |
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Property Details
Street
Community
City
Property Type
Detached, 3-Storey
Lot Size
25' x 121'
Fronting
East
Taxes
$5,312 (2023)
Basement
Unfinished
Exterior
Brick
Heat Type
Radiant
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
6
Driveway
Lane
Garage Type
Detached
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Hamilton Market Statistics
Hamilton Price Trend
113 Wellington St S is a 6-bedroom 3-bathroom home listed for sale at $875,000, which is $185,185 (17.5%) lower than the average sold price of $1,060,185 in the last 30 days (November 18 - December 17). During the last 30 days the average sold price for a 6 bedroom home in Hamilton increased by $80,185 (8.2%) compared to the previous 30 day period (October 19 - November 17) and up $48,519 (4.8%) from the same time one year ago.Inventory Change
There were 7 6-bedroom homes listed in Hamilton over the last 30 days (November 18 - December 17), which is down 0.0% compared with the previous 30 day period (October 19 - November 17) and up 75.0% compared with the same period last year.Sold Price Above/Below Asking ($)
6-bedroom homes in Hamilton typically sold $25,551 (2.4%) above asking price over the last 30 days (November 18 - December 17), which represents a $36,451 increase compared to the previous 30 day period (October 19 - November 17) and ($13,266) 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 6-bedroom homes in Hamilton over the last 30 days (November 18 - December 17) stood at 42.9%, up from 14.3% over the previous 30 days (October 19 - November 17) and down from 75.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 6-bedroom 3-bathroom home in Hamilton stood at 48 days when successfully sold over the last 30 days (November 18 - December 17), compared to 76 days before being removed from the market upon being suspended or terminated.Listing contracted with Right At Home Realty, Brokerage
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