1617 Main St E

Homeside, Hamilton, L8H 1C4
FOR SALE
$569,000
1617 Main St E, Hamilton
1617 Main St E
1617 Main St E
1617 Main St E
1617 Main St E
1617 Main St E
1617 Main St E
1617 Main St E
1617 Main St E
1617 Main St E
1617 Main St E
1617 Main St E
1617 Main St E
1617 Main St E
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1617 Main St E
1617 Main St E
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1617 Main St E
1617 Main St E
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1617 Main St E
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2 + 1
BEDROOMS
2
BATHROOMS
2
KITCHENS
5
ROOMS
X11915885
MLSID
Contact Us
Property Description
Attention Investors & First-Time Home Buyers! This property offers an incredible investment opportunity in a prime Hamilton East location - perfect for future growth and development potential. This detached bungalow is designed as two separate units, making it ideal for generating rental income or multi-family living. The main floor features an updated kitchen, new flooring, a family and dining room, laundry, and 2 bedrooms, along with a 4-piece bathroom. The lower level is a fully equipped 1-bedroom in-law suite with its own separate entrance, kitchen, family room, laundry, and 4-piece bathroom. Currently rented , this property provides a turnkey investment opportunity with income potential from day one. Outside, enjoy a large, fully fenced backyard and ample front parking. Conveniently located within walking distance to parks, schools, transit, and shopping. Don't miss out on this exceptional opportunity!
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-06-13 2024-09-30 109 $629,000 - Expired
2022-03-02 2022-04-04 33 $699,000 - Terminated
2022-03-02 2022-03-15 12 $699,000 - Suspended
2022-02-14 2022-03-02 16 $699,000 - Terminated
2022-02-02 2022-02-14 12 $599,999 - Terminated
Property Features
Fenced Yard, Park, Public Transit, School
Property Details
Street
Community
Property Type
Detached, Bungalow
Approximate Sq.Ft.
700-1100
Lot Size
40' x 90'
Acreage
< .50
Fronting
North
Taxes
$2,770 (2024)
Basement
Finished, Sep Entrance
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Pvt Double
Garage Type
None
Room Summary
RoomLevelSizeFeatures
LivingMain22.01' x 10.99'
KitchenMain12.01' x 10.01'Eat-In Kitchen
Prim BdrmMain12.01' x 10.01'
BrMain10.99' x 10.01'
RecLower20.01' x 10.01'
BrLower12.01' x 10.01'
Hamilton Market Statistics
Hamilton Price Trend
1617 Main St E is a 2-bedroom 2-bathroom home listed for sale at $569,000, which is $75,149 (11.7%) lower than the average sold price of $644,149 in the last 30 days (December 13 - January 11). During the last 30 days the average sold price for a 2 bedroom home in Hamilton declined by $33,627 (5.0%) compared to the previous 30 day period (November 13 - December 12) and up $12,620 (2.0%) from the same time one year ago.
Inventory Change
There were 28 2-bedroom homes listed in Hamilton over the last 30 days (December 13 - January 11), which is down 58.8% compared with the previous 30 day period (November 13 - December 12) and up 75.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
2-bedroom homes in Hamilton typically sold ($7,225) (1.1%) below asking price over the last 30 days (December 13 - January 11), which represents a $6,478 increase compared to the previous 30 day period (November 13 - December 12) and ($24,425) 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 (December 13 - January 11) stood at 135.7%, up from 82.4% over the previous 30 days (November 13 - December 12) and up from 106.2% 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 38 days when successfully sold over the last 30 days (December 13 - January 11), compared to 85 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Escarpment Golfi Realty Inc.
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