1291 Old Highway 8

FOR SALE
$2,450,000
1291 Old Highway 8, Hamilton
1291 Old Highway 8
1291 Old Highway 8
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5
BEDROOMS
4
BATHROOMS
1
KITCHENS
13
ROOMS
X9017196
MLSID
Contact Us
Property Description
The TOTAL PACKAGE!!! ~6000 sq ft outbuilding & a ~2200 sq ft bungalow, with a grade level walk-out basement, all situated on ~42 picturesque acres. The ~6000 sq ft outbuilding features 3PHASE (600volts 500 amp) electrical service. In floor heating in the in-law suite & middle bay only. 3 bay doors, office & 3pce bath. PLUS there is a 1 bedroom loft in-law suit. Bright sun filled open concept floor plan. Living room with cozy gas fireplace. Updated kitchen with a huge island with breakfast bar, quartz counters, 36 Wolf stove, stainless steel fridge/freezer & Miele dishwasher. Spacious bedroom overlooking the main floor with wood ceilings. Combination walk-in closet, laundry with full size washer/dryer & 3pce bath. For the INVESTOR there's a potential for great MONEY MAKING OPPORTUNITIES!!! Sprawling ~2200 sq ft 4 bedroom, 3 bath brick home offers a large living room with double sided wood burning fireplace. Eat-in kitchen with a walk-out to a composite deck & above ground pool. Full basement, partially finished with a grade level walk-out. Separate workshop/hobby room. New125' deep well in 2020. 42 acres with ~30 acres workable. For the owner, you have your own gym (47' X38'). Close to a full size indoor Pickleball Court, Basketball half court, ball hockey area or Yoga Studio. Other options: pottery studio, arts, crafts or storage for vintage & classic cars.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2022-07-05 2023-06-30 362 $2,690,000 - Expired
2022-07-05 2023-06-30 363 $2,690,000 - Expired
Property Features
Level, Park, School Bus Route
Property Details
Property Type
Detached, Bungalow
Approximate Sq.Ft.
2000-2500
Lot Size
248' x 1,344'
Acreage
25-49.99
Fronting
South
Taxes
$4,130 (2024)
Basement
Full, Part Fin
Exterior
Board/Batten, Brick
Heat Type
Baseboard
Heat Source
Electric
Air Conditioning
Wall Unit
Water
Well
Pool
Abv Grnd
Parking Spaces
10
Driveway
Private
Garage Type
Attached
Room Summary
RoomLevelSizeFeatures
LivingMain11.52' x 20.34'
DiningMain9.15' x 13.42'
KitchenMain13.85' x 13.48'
FamilyMain14.24' x 24.02'
Prim BdrmMain13.12' x 11.52'
2nd BrMain12.76' x 10.17'
3rd BrMain12.66' x 9.91'
4th BrMain9.84' x 10.99'
Great RmMain13.12' x 20.83'
DiningMain9.84' x 20.83'
KitchenMain22.97' x 20.83'
Prim Bdrm2nd20.93' x 23.00'
Hamilton Market Statistics
Hamilton Price Trend
1291 Old Highway 8 is a 5-bedroom 4-bathroom home listed for sale at $2,450,000, which is $1,536,625 (168.2%) higher than the average sold price of $913,375 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 5 bedroom home in Hamilton declined by $831,625 (47.7%) compared to the previous 30 day period (December 22 - January 20) and down $536,701 (37.0%) from the same time one year ago.
Inventory Change
There were 33 5-bedroom homes listed in Hamilton over the last 30 days (January 21 - February 19), which is up 50.0% compared with the previous 30 day period (December 22 - January 20) and up 6.5% compared with the same period last year.
Sold Price Above/Below Asking ($)
5-bedroom homes in Hamilton typically sold ($22,434) (2.5%) below asking price over the last 30 days (January 21 - February 19), which represents a $94,966 increase compared to the previous 30 day period (December 22 - January 20) and ($91,146) 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 5-bedroom homes in Hamilton over the last 30 days (January 21 - February 19) stood at 24.2%, up from 9.1% over the previous 30 days (December 22 - January 20) and down from 41.9% 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 18 days when successfully sold over the last 30 days (January 21 - February 19), compared to 83 days before being removed from the market upon being suspended or terminated.
Listing contracted with Keller Williams Edge Realty
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