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Property Description
Discover an exceptional opportunity to own this legal Duplex character home featuring three self-contained apartment units in Hamilton's prestigious Durand neighborhood. This property is a fantastic investment or an ideal owner-occupied residence, offering an impressive net income of $49,838 annually. Unit 1: A charming 2-bed, 1-bath unit currently rented for $1,850 per month. Unit 2: A spacious unit that will be vacant on September 1st, with a rental potential of $2,300 per month. Unit 3: A cozy loft that generates $1,127.50 per month. Whether you choose to live in the second unit or rent it out for $2,300+ per month, you'll benefit from the property's prime location and its appeal to A+ professional tenants. This beautifully maintained home boasts extensive modern updates that seamlessly blend with its historical charm. Take advantage of the opportunity to finish the basement, for additional revenue of $1,600+ per month. This beautiful property is Situated within a short walk to the hospital, trendy Locke and James Street, the GO station, and scenic trails, this property also offers convenient highway access. The extensive updates and prime location make this an unbeatable investment opportunity. Don't miss your chance to own a piece of Hamilton's finest real estate!
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Property Details
Street
Community
City
Property Type
Duplex, 3-Storey
Approximate Sq.Ft.
2000-2500
Lot Size
24' x 117'
Acreage
< .50
Fronting
South
Taxes
$8,030 (2023)
Basement
Sep Entrance, Unfinished
Exterior
Brick
Heat Type
Radiant
Heat Source
Gas
Air Conditioning
Wall Unit
Water
Municipal
Garage Type
None
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Hamilton Market Statistics
Hamilton Price Trend
133 Markland St is a 4-bedroom 3-bathroom home listed for sale at $1,210,000, which is $205,509 (20.5%) higher than the average sold price of $1,004,491 in the last 30 days (November 18 - December 17). During the last 30 days the average sold price for a 4 bedroom home in Hamilton declined by $85,180 (7.8%) compared to the previous 30 day period (October 19 - November 17) and down $15,509 (1.5%) from the same time one year ago.Inventory Change
There were 122 4-bedroom homes listed in Hamilton over the last 30 days (November 18 - December 17), which is down 31.1% compared with the previous 30 day period (October 19 - November 17) and up 50.6% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Hamilton typically sold ($26,661) (2.7%) below asking price over the last 30 days (November 18 - December 17), which represents a $2,049 increase compared to the previous 30 day period (October 19 - November 17) and ($41,604) 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 4-bedroom homes in Hamilton over the last 30 days (November 18 - December 17) stood at 67.2%, up from 53.1% over the previous 30 days (October 19 - November 17) and up from 59.3% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 3-bathroom home in Hamilton stood at 33 days when successfully sold over the last 30 days (November 18 - December 17), compared to 75 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Aboutowne Realty Corp.
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