122 RAINBOW Dr

Corman, Hamilton, L8K 4E8
FOR SALE
$749,900
122 RAINBOW Dr, Hamilton
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3
BEDROOMS
2
BATHROOMS
1 + 1
KITCHENS
6
ROOMS
X9267578
MLSID
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Property Description
Welcome to 122 Rainbow Drive, Hamilton. Single family residential property situated in desirable East Hamilton, right across Glendale Secondary School and Viola Desmond Elementary School. Gorgeous home features 3 bedrooms, full bathroom, kitchen, living room, separate dining room and sun room on main level. Back door entrance leads to lower level of finished basement with huge recreation/family room, full bath, 2nd kitchen, dining room, laundry and utility room. Ideal for potential in-law suite. Home is much larger than it appears. Ideal for growing families with lot of possibilities. 50x111 lot.. Spacious driveway that fits up to 5 cars, plus massive detached garage (extra wide and extra deep). Pride of ownership and same owners last 37 y. Close to schools, East Gate Square, Shopping, Public Transportation and Red Hill Parkway. RSA.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-06-13 2024-08-25 73 $769,900 - Terminated
2024-05-14 2024-06-12 29 $799,900 - Terminated
Property Features
Level, Park, School
Property Details
Community
Property Type
Detached, Bungalow
Approximate Sq.Ft.
1100-1500
Lot Size
50' x 111'
Acreage
< .50
Fronting
West
Taxes
$4,457 (2024)
Basement
Finished, Walk-Up
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
5
Driveway
Pvt Double
Garage Type
Detached
Room Summary
RoomLevelSizeFeatures
BrGround10.24' x 11.32'
2nd BrGround9.09' x 10.93'
3rd BrGround9.74' x 10.24'
KitchenGround8.07' x 10.17'
LivingGround12.01' x 16.99'
DiningGround9.15' x 13.48'
RecBsmt12.60' x 20.57'
KitchenBsmt10.40' x 12.40'
DiningBsmt10.24' x 15.58'
LaundryBsmt12.60' x 20.57'
Hamilton Market Statistics
Hamilton Price Trend
122 RAINBOW Dr is a 3-bedroom 2-bathroom home listed for sale at $749,900, which is $42,803 (5.4%) lower than the average sold price of $792,703 in the last 30 days (August 20 - September 18). During the last 30 days the average sold price for a 3 bedroom home in Hamilton increased by $10,805 (1.4%) compared to the previous 30 day period (July 21 - August 19) and down $17,358 (2.1%) from the same time one year ago.
Inventory Change
There were 349 3-bedroom homes listed in Hamilton over the last 30 days (August 20 - September 18), which is up 40.2% compared with the previous 30 day period (July 21 - August 19) and up 41.9% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Hamilton typically sold ($15,744) (2.0%) below asking price over the last 30 days (August 20 - September 18), which represents a $3,145 increase compared to the previous 30 day period (July 21 - August 19) and ($5,214) 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 3-bedroom homes in Hamilton over the last 30 days (August 20 - September 18) stood at 68.2%, down from 113.3% over the previous 30 days (July 21 - August 19) and up from 53.3% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom home in Hamilton stood at 29 days when successfully sold over the last 30 days (August 20 - September 18), compared to 62 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Escarpment Realty Inc.,
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