171 Arkell St

Westdale, Hamilton, L8S 1N9
FOR SALE
$869,000
171 Arkell St, Hamilton
171 Arkell St
171 Arkell St
171 Arkell St
171 Arkell St
171 Arkell St
171 Arkell St
171 Arkell St
171 Arkell St
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171 Arkell St
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171 Arkell St
171 Arkell St
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171 Arkell St
171 Arkell St
171 Arkell St
171 Arkell St
171 Arkell St
171 Arkell St
171 Arkell St
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171 Arkell St
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171 Arkell St
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4 + 2
BEDROOMS
2
BATHROOMS
1
KITCHENS
5 + 4
ROOMS
X9268404
MLSID
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Property Description
Welcome to 171 Arkell Street! Located just minutes away from McMaster Childrens Hospital and McMaster University, this property presents a fantastic opportunity to own an amazing investment in the heart of the Westdale neighbourhood. This 7-bedroom property currently generates a rental income of $4,900 per month, inclusive of utilities. However, there is potential for growth, with the possibility to reach market rents of approximately $5,950 per month.
Property Details
Street
Community
Property Type
Detached, 2 1/2 Storey
Approximate Sq.Ft.
1500-2000
Lot Size
30' x 97'
Fronting
South
Taxes
$6,279 (2024)
Basement
Finished, Full
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Garage Type
Detached
Room Summary
RoomLevelSizeFeatures
KitchenMain13.75' x 8.50'
BrMain13.75' x 12.60'
LivingMain10.83' x 12.17'
DiningMain6.76' x 10.50'
Bathroom2nd5.68' x 8.60'4 Pc Bath
Br2nd10.83' x 9.58'
Br2nd10.66' x 11.25'
Br3rd19.32' x 13.85'
BrBsmt10.40' x 10.17'
BathroomBsmt5.51' x 7.51'3 Pc Bath
LaundryBsmt4.82' x 10.50'
BrBsmt9.91' x 10.50'
Hamilton Market Statistics
Hamilton Price Trend
171 Arkell St is a 4-bedroom 2-bathroom home listed for sale at $869,000, which is $203,380 (19.0%) lower than the average sold price of $1,072,380 in the last 30 days (August 20 - September 18). During the last 30 days the average sold price for a 4 bedroom home in Hamilton increased by $30,436 (2.9%) compared to the previous 30 day period (July 21 - August 19) and down $46,726 (4.2%) from the same time one year ago.
Inventory Change
There were 181 4-bedroom homes listed in Hamilton over the last 30 days (August 20 - September 18), which is up 21.5% compared with the previous 30 day period (July 21 - August 19) and up 27.5% compared with the same period last year.
Sold Price Above/Below Asking ($)
4-bedroom homes in Hamilton typically sold ($26,874) (2.5%) below asking price over the last 30 days (August 20 - September 18), which represents a $4,599 increase compared to the previous 30 day period (July 21 - August 19) and ($24,507) less 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 (August 20 - September 18) stood at 55.2%, down from 71.1% over the previous 30 days (July 21 - August 19) and up from 54.9% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 2-bathroom home in Hamilton stood at 32 days when successfully sold over the last 30 days (August 20 - September 18), compared to 72 days before being removed from the market upon being suspended or terminated.
Listing contracted with Exp Realty
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