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Property Description
Can be sold separately or with 164 Newlands ave. Welcome to this beautifully renovated 1.5-storey property located at 162 Newlands Ave, Hamilton. This property features two distinct units, making it an excellent investment opportunity or ideal for multi-generational living. Main floor 3 br,1.5 baths separate laundry $2300 plus hydro, basement 2br 1 bath with laundry $1600 plus hydro. Both great tenants and willing to stay. The property has been renovated on both floors with modern finishings and stainless steel appliances. Both units have a dedicated outdoor space. Situated in a desirable neighborhood, this property offers easy access to local amenities, public transportation, and parks, making it an attractive option for renters. Cash flow positive.
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Property Features
Public Transit, School, School Bus Route
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Property Details
Street
Community
City
Property Type
Duplex, 1 1/2 Storey
Approximate Sq.Ft.
700-1100
Lot Size
25' x 100'
Acreage
< .50
Fronting
South
Taxes
$3,247 (2024)
Basement
Apartment, Walk-Up
Exterior
Alum Siding, Brick Front
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Driveway
None
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 21.65' x 11.19' | |
| Kitchen | Main | 11.19' x 13.19' | |
| 2nd Br | Main | 8.99' x 13.29' |
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Hamilton Market Statistics
Hamilton Price Trend
162 Newlands Ave is a 3-bedroom 3-bathroom home listed for sale at $609,000, which is $137,799 (18.5%) lower than the average sold price of $746,799 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 3 bedroom home in Hamilton declined by $87,851 (10.5%) compared to the previous 30 day period (September 21 - October 20) and down $30,098 (3.9%) from the same time one year ago.Inventory Change
There were 331 3-bedroom homes listed in Hamilton over the last 30 days (October 21 - November 19), which is down 1.5% compared with the previous 30 day period (September 21 - October 20) and up 35.1% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Hamilton typically sold ($17,171) (2.3%) below asking price over the last 30 days (October 21 - November 19), which represents a $4,303 decrease compared to the previous 30 day period (September 21 - October 20) and ($23,304) 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 3-bedroom homes in Hamilton over the last 30 days (October 21 - November 19) stood at 81.6%, up from 49.4% over the previous 30 days (September 21 - October 20) and up from 54.3% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 3-bathroom home in Hamilton stood at 33 days when successfully sold over the last 30 days (October 21 - November 19), compared to 60 days before being removed from the market upon being suspended or terminated.Listing contracted with Coldwell Banker Community Professionals
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