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Property Description
** ATTENTION INVESTORS ** Discover a lucrative investment opportunity with Kiwi Condos, a newly constructed residential property situated in the heart of Downtown Hamilton. This prime location is set to attract tenants seeking modern living in a vibrant and well-connected area. The property features a bright, North-facing 2-bedroom, 2-bathroom unit, positioned to be the second resident in this sought-after condo. The suite includes two spacious bedrooms, two full bathrooms, and in-suite laundry, ensuring high tenant appeal. The kitchen is outfitted with new stainless-steel appliances fridge, stove, microwave, and dishwasher as well as a white stackable washer/dryer, enhancing the unit's convenience and attractiveness. Kiwi Condos is ideally located near King Street, renowned for its diverse range of shops, cafes, bars, restaurants, and entertainment venues. Its central location offers exceptional accessibility to public transit and major highways, including the QEW and Highway 403. Additionally, the building is in close proximity to St. Joseph's Healthcare, Hamilton General Hospital, and Jackson Square, making it a strategic choice for healthcare professionals and urban dwellers alike. Invest in Kiwi Condos and capitalize on a high-demand rental market with a property designed for comfort and convenience.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-06-12 | 2024-10-11 | 121 | $549,000 | - | Expired |
| 2024-06-12 | 2024-07-30 | 48 | $2,695 | $2,695 | Leased |
| 2023-07-08 | 2023-07-12 | 5 | $2,450 | $2,650 | Leased |
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Property Details
Street
Community
City
Property Type
Condo Apt, Other
Approximate Sq.Ft.
800-899
Taxes
$1,505 (2023)
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Other | Main | 10.01' x 21.10' | |
| Prim Bdrm | Main | 10.40' x 12.40' | Ensuite Bath, W/I Closet |
| Br | Main | 10.01' x 10.60' | |
| Bathroom | Main | 5.25' x 9.58' |
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Hamilton Market Statistics
Hamilton Price Trend
212 KING WILLIAM St 1222 is a 2-bedroom 2-bathroom condo listed for sale at $549,000, which is $24,608 (4.7%) higher than the average sold price of $524,392 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 2 bedroom condo in Hamilton declined by $82,394 (13.6%) compared to the previous 30 day period (September 21 - October 20) and up $57,229 (12.3%) from the same time one year ago.Inventory Change
There were 51 2-bedroom condos listed in Hamilton over the last 30 days (October 21 - November 19), which is down 7.3% compared with the previous 30 day period (September 21 - October 20) and up 45.7% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in Hamilton typically sold ($15,071) (2.9%) below asking price over the last 30 days (October 21 - November 19), which represents a $10,358 decrease compared to the previous 30 day period (September 21 - October 20) and ($12,307) 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 2-bedroom condos in Hamilton over the last 30 days (October 21 - November 19) stood at 49.0%, up from 40.0% over the previous 30 days (September 21 - October 20) and up from 40.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom condo in Hamilton stood at 58 days when successfully sold over the last 30 days (October 21 - November 19), compared to 84 days before being removed from the market upon being suspended or terminated.Listing contracted with Rock Star Real Estate Inc., Brokerage
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