1249 Old 8
Rural Flamborough, Hamilton, L0R 1Z0
FOR SALE
$1,100,000
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Property Description
The front-right unit (Unit 1) is equipped with an exclusive basement space, spacious main floor and a large 142 x 194 loft style bedroom. Moving to the front-left unit (Unit 2) features a large family room spacious kitchen and three second floor bedrooms. The unit on the right side of the building (Unit 3) has two bedrooms, full four piece bathroom, spacious kitchen and large living room with separate dining area. a detached garage doubles as a spacious shop, complete with an attached office/reception area an ideal setup for operating a business. Enjoy the additional advantage of commercial zoning, providing limitless possibilities. Live in one unit while generating income from the others or buy the building with your bestie!
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Extras
Updates include new vinyl siding, plumbing, electrical, windows, doors, shingles, eaves and fascia, paved driveway a shared space for coin operated laundry, ample parking and a bunkhouse with a fully finished interior.
Property Features
Golf, Grnbelt/Conserv, Place Of Worship
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Property Details
Street
Community
City
Property Type
Triplex, 1 1/2 Storey
Approximate Sq.Ft.
3500-5000
Lot Size
50' x 224'
Fronting
South
Taxes
$5,382 (2023)
Basement
Part Bsmt, Part Fin
Exterior
Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Well
Parking Spaces
14
Driveway
Private
Garage Type
Detached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Bathroom | Main | 6.17' x 9.51' | 4 Pc Bath |
| Kitchen | Main | 18.34' x 13.29' | |
| Br | 2nd | 11.06' x 9.45' | |
| Br | 2nd | 10.96' x 7.61' | |
| Prim Bdrm | 2nd | 13.32' x 10.99' | |
| Bathroom | Main | 7.02' x 6.99' | 4 Pc Bath |
| Br | 2nd | 19.36' x 14.14' | |
| Bathroom | Main | 7.64' x 8.37' | 4 Pc Bath |
| Br | 2nd | 11.48' x 7.68' | |
| Prim Bdrm | 2nd | 11.91' x 12.17' |
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Hamilton Market Statistics
Hamilton Price Trend
1249 Old 8 is a 6-bedroom 3-bathroom home listed for sale at $1,100,000, which is $515,716 (31.9%) lower than the average sold price of $1,615,716 in the last 30 days (April 13 - May 12). During the last 30 days the average sold price for a 6 bedroom home in Hamilton increased by $470,430 (41.1%) compared to the previous 30 day period (March 14 - April 12) and up $1,025,816 (173.9%) from the same time one year ago.Inventory Change
There were 10 6-bedroom homes listed in Hamilton over the last 30 days (April 13 - May 12), which is up 66.7% compared with the previous 30 day period (March 14 - April 12) and up 25.0% compared with the same period last year.Sold Price Above/Below Asking ($)
6-bedroom homes in Hamilton typically sold ($87,616) (5.4%) below asking price over the last 30 days (April 13 - May 12), which represents a $83,378 decrease compared to the previous 30 day period (March 14 - April 12) and ($10,000) 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 6-bedroom homes in Hamilton over the last 30 days (April 13 - May 12) stood at 60.0%, down from 116.7% over the previous 30 days (March 14 - April 12) and up from 12.5% 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 38 days when successfully sold over the last 30 days (April 13 - May 12), compared to 51 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Real Estate Centre Inc.
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