1295 Cannon St E
Crown Point, Hamilton, L8H 1V5
FOR SALE
$700,000
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Property Description
Excellent Multi-Use opportunity in the heart of Crown Point. Main floor unit currently being used as a convenience store. Perfect for a retail space with lots of traffic from trendy Ottawa St, local neighbourhood and school across the street. Second floor has a spacious 2 bedroom, 1 bathroom apartment. Basement is high and dry with lots of storage, laundry and 2-piece bathroom. The building has been properly maintained by same owners for 25 years. Updated parking lot, roof (2015) & walk-in freezer. Units are separately metered. Perfect opportunity to invest in the City of Hamilton!
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2024-02-08 | 2024-09-07 | 213 | $709,900 | - | Expired |
2022-11-11 | 2023-05-01 | 78 | $799,999 | - | Expired |
2022-02-08 | 2022-11-10 | 275 | $819,000 | - | Terminated |
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Lot Size
25' x 74'
Fronting
North
Taxes
$5,320 (2024)
Basement
Full, Unfinished
Exterior
Brick
Heat Type
Baseboard
Heat Source
Electric
Air Conditioning
Wall Unit
Water
Municipal
Parking Spaces
5
Garage Type
None
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Office | Main | 29.99' x 29.99' | |
Other | Main | 10.01' x 10.01' | |
Br | 2nd | 12.01' x 10.01' | |
Br | 2nd | 12.01' x 10.01' | |
Living | 2nd | 12.99' x 14.99' | |
Dining | 2nd | 10.01' x 14.99' | |
Kitchen | 2nd | 10.01' x 14.99' |
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Hamilton Market Statistics
Hamilton Price Trend
1295 Cannon St E is a 2-bedroom 2-bathroom home listed for sale at $700,000, which is $81,480 (13.2%) higher than the average sold price of $618,520 in the last 30 days (October 14 - November 12). During the last 30 days the average sold price for a 2 bedroom home in Hamilton declined by $72,176 (10.4%) compared to the previous 30 day period (September 14 - October 13) and down $95,305 (13.4%) from the same time one year ago.Inventory Change
There were 46 2-bedroom homes listed in Hamilton over the last 30 days (October 14 - November 12), which is down 44.6% compared with the previous 30 day period (September 14 - October 13) and down 35.2% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in Hamilton typically sold ($13,452) (2.2%) below asking price over the last 30 days (October 14 - November 12), which represents a $5,815 increase compared to the previous 30 day period (September 14 - October 13) and ($22,361) 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 2-bedroom homes in Hamilton over the last 30 days (October 14 - November 12) stood at 91.3%, up from 71.1% over the previous 30 days (September 14 - October 13) and up from 49.3% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom home in Hamilton stood at 35 days when successfully sold over the last 30 days (October 14 - November 12), compared to 50 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Escarpment Realty Inc.,
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