114 Melvin Ave
Normanhurst, Hamilton, L8H 2J6
FOR SALE
$569,900
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Property Description
Unique opportunity for an investor with the possibility of having 3 separate income producing sources. Featuring the oversized 30' x 31' insulated shop with hydro, heat & plumbing. Overhead door access to shop currently through neighbouring property and the possibility of one being installed off the rear alley. With a few modifications this could be a 1BR unit on the main floor and a secondary 1 BR unit in the basement or simply use it as an in-law/teen set up. Many updates that include, furnace, ac, hot water tank (owned), roof, soffit and fascia with LED lighting, siding, eaves, 200 amps with hydro in shed and shop. Shed with heat & hydro. Vaulted great room, large eat in kitchen, newer hardwood flooring and ceramic tile and multiple flex spaces. Some finishing touches needed throughout to make this home shine.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-07-08 | 2024-09-10 | 64 | $579,900 | - | Terminated |
Property Features
Park, Public Transit, School
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Approximate Sq.Ft.
700-1100
Lot Size
35' x 100'
Acreage
< .50
Fronting
North
Taxes
$3,446 (2024)
Basement
Finished, Full
Exterior
Brick, Other
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking Spaces
2
Driveway
Private
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Main | 11.75' x 17.49' | |
| Great Rm | Main | 19.75' x 18.01' | |
| Br | Main | 9.32' x 16.34' | |
| Br | Bsmt | 8.99' x 19.00' | |
| Br | Bsmt | 18.41' x 9.32' | |
| Rec | Bsmt | 7.25' x 31.00' |
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Hamilton Market Statistics
Hamilton Price Trend
114 Melvin Ave is a 1-bedroom 2-bathroom home listed for sale at $569,900, which is $84,900 (17.5%) higher than the average sold price of $485,000 in the last 30 days (August 20 - September 18). During the last 30 days the average sold price for a 1 bedroom home in Hamilton increased by $28,367 (6.2%) compared to the previous 30 day period (July 21 - August 19) and down $275,000 (36.2%) from the same time one year ago.Inventory Change
There were 6 1-bedroom homes listed in Hamilton over the last 30 days (August 20 - September 18), which is up 200.0% compared with the previous 30 day period (July 21 - August 19) and up 20.0% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom homes in Hamilton typically sold ($30,000) (6.2%) below asking price over the last 30 days (August 20 - September 18), which represents a $23,334 decrease compared to the previous 30 day period (July 21 - August 19) and ($21,925) 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 1-bedroom homes in Hamilton over the last 30 days (August 20 - September 18) stood at 16.7%, down from 150.0% over the previous 30 days (July 21 - August 19) and down from 80.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 1-bedroom 2-bathroom home in Hamilton stood at 21 days when successfully sold over the last 30 days (August 20 - September 18), compared to 49 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage State Realty
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