140 Gage Ave N
Crown Point, Hamilton, L8L 7A2
FOR SALE
$699,000
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BEDROOMS2
BATHROOMS2
KITCHENS12
ROOMSX9399362
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Property Description
Calling all investors! Renovated legal duplex with income potential in the basement. 3 bedroom main floor unit with newly renovated kitchen, ceramic flooring, living room, new 4 pc bathroom and in-suite washer and dryer. The upper level is a 2 bedroom apartment with updated vinyl flooring, kitchen with ceramic tiles and 4 pc bathroom. Each unit separately metered. Each unit comes with one parking spot. Located in an area with high rental demand this will make for a sound investment. Close to all amenities, Tim Hortons Field, Bernie Morelli Recreation Centre, schools, public transit and highway access.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-05-23 | 2024-10-16 | 146 | $749,000 | - | Terminated |
| 2023-09-30 | 2023-12-26 | 90 | $779,000 | - | Expired |
| 2023-10-01 | 2023-11-29 | 59 | $729,000 | $700,000 | Sold |
| 2023-07-05 | 2023-09-30 | 87 | $799,000 | - | Terminated |
| 2023-06-20 | 2023-10-05 | 107 | $849,000 | - | Terminated |
| 2023-07-12 | 2023-09-30 | 80 | $860,000 | - | Expired |
| 2023-07-05 | 2023-09-11 | 68 | $799,000 | - | Suspended |
| 2023-06-18 | 2023-07-12 | 24 | $889,000 | - | Terminated |
| 2023-06-20 | 2023-07-04 | 14 | $849,000 | - | Suspended |
| 2022-04-01 | 2022-05-19 | 48 | $779,900 | $760,000 | Sold |
| 2019-07-19 | 2019-08-12 | 24 | $539,900 | - | Suspended |
Nearby Intersections
Barton & Gage (39)
Gage & Cannon (11)
Property Features
Public Transit, Rec Centre
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Property Details
Street
Community
City
Property Type
Duplex, 2-Storey
Approximate Sq.Ft.
1500-2000
Lot Size
37' x 58'
Acreage
< .50
Fronting
East
Taxes
$3,157 (2023)
Basement
Unfinished
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
2
Driveway
Pvt Double
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Main | 8.99' x 10.01' | |
| Living | Main | 9.68' x 10.01' | |
| Prim Bdrm | Main | 10.01' x 10.01' | |
| Br | Main | 8.50' x 8.99' | |
| Br | Main | 8.50' x 8.50' | |
| Kitchen | 2nd | 8.01' x 9.51' | |
| Dining | 2nd | 8.60' x 10.01' | |
| Living | 2nd | 8.99' x 10.01' | |
| Prim Bdrm | 2nd | 8.50' x 8.99' | |
| Br | 2nd | 8.69' x 10.50' | |
| Bathroom | Main | 5.18' x 8.50' | 4 Pc Bath |
| Bathroom | 2nd | 5.48' x 6.99' | 4 Pc Bath |
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Hamilton Market Statistics
Hamilton Price Trend
140 Gage Ave N is a 5-bedroom 2-bathroom home listed for sale at $699,000, which is $294,893 (29.7%) lower than the average sold price of $993,893 in the last 30 days (October 15 - November 13). During the last 30 days the average sold price for a 5 bedroom home in Hamilton declined by $83,989 (7.8%) compared to the previous 30 day period (September 15 - October 14) and down $101,073 (9.2%) from the same time one year ago.Inventory Change
There were 37 5-bedroom homes listed in Hamilton over the last 30 days (October 15 - November 13), which is up 2.8% compared with the previous 30 day period (September 15 - October 14) and up 12.1% compared with the same period last year.Sold Price Above/Below Asking ($)
5-bedroom homes in Hamilton typically sold ($27,975) (2.8%) below asking price over the last 30 days (October 15 - November 13), which represents a $33,172 increase compared to the previous 30 day period (September 15 - October 14) and ($39,074) 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 (October 15 - November 13) stood at 43.2%, down from 47.2% over the previous 30 days (September 15 - October 14) and up from 36.4% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 2-bathroom home in Hamilton stood at 37 days when successfully sold over the last 30 days (October 15 - November 13), compared to 67 days before being removed from the market upon being suspended or terminated.Listing contracted with Exp Realty
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*GOLDEN INVESTMENT* Opportunity - Turn-Key (Renovated) Legal Duplex!Lovingly Maintained with Soaring Ceilings, Exposed Brick with Ample Natural Light Throughout! Steps to Public transit and bike lanes at your doorstep! Zip Anywhere with Easy Access to HWY's and Downtown! Updated ROOF, HVAC, Flooring, & Kitchens! Each Unit Separately Metered with Outdoor Security Cameras! Close to Hamilton West Harbour and Hamilton Go Centre Stations, steps from General Hospital! Why Wait!
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Attention all investors! This legal duplex plus one unit is a turnkey opportunity, ready to enhance your investment property portfolio. Generating over $4500 a month, this property was fully renovated in 2018 with exceptional finishes, including stainless steel appliances, quartz countertops, new windows, doors, trim, and fresh paint. Each unit is currently occupied by tenants paying market rents, and they cover their own hydro costs. With four hydro meters on site, you can efficiently manage utility expenses. Additionally, the property features rear alley parking with three spots and a coin-operated laundry, offering even more potential for increased cash flow. Don't miss out on this lucrative investment opportunity!
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