2311 Hwy 56

FOR SALE
$3,599,900
2311 Hwy 56, Hamilton
2311 Hwy 56
2311 Hwy 56
2311 Hwy 56
2311 Hwy 56
2311 Hwy 56
2311 Hwy 56
2311 Hwy 56
2311 Hwy 56
2311 Hwy 56
2311 Hwy 56
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2311 Hwy 56
2311 Hwy 56
2311 Hwy 56
2311 Hwy 56
2311 Hwy 56
2311 Hwy 56
2311 Hwy 56
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2311 Hwy 56
2311 Hwy 56
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2311 Hwy 56
2311 Hwy 56
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4
BEDROOMS
2
BATHROOMS
1
KITCHENS
8
ROOMS
X8439608
MLSID
Contact Us
Property Description
Opportunity Knocks!! This Exceptional 5.54 Acre Property Resides in Prime & Growing Downtown Binbrook Community in Great City of Hamilton Ideal for Builders/Developers/Investors or Build Your Own Custom Home while Carving out a Land Investment for the Future. Fronting on Main Road Hwy 56, the Rear Parcel of Land Abuts New Residential Development and Surrounding area has seen great multi purpose urban developments, and the town continues to grow. Property Features a Bungalow Home with 4 Beds, 2 Baths and Walkout Basement which you could rent, renovate or build new + Bonus Large Concrete Block Workshop approx 30ft x 60ft with 14ft ceiling heights and Concrete Floors Could Provide Storage Income + 2 Driveway Entrances & Horse Barns all on Beautiful Landscape. This prime real estate offers unparalleled potential for future development, making it an ideal investment for developers and visionaries looking to capitalize on the area's expansion. The property encompasses a generous plot of land, flat topography and provides ample space for a variety of future development proposals. Great proximity to major highways, shops, schools urban centres makes this a great investment. Great Opportunity to Invest Now & With ongoing developments and planned projects for the future in the region, this property is poised to appreciate in value. Endless Options with this Great Parcel.
Extras
Buyer's to perform own due diligence pertaining to property's current zoning, permitted present & future uses. Sold As Is.
Property Features
Park, Ravine, Rec Centre, School, Wooded/Treed
Property Details
Street
Property Type
Detached, Bungalow
Lot Size
271' x 650'
Acreage
5-9.99
Lot Irregularities
5.54 ACRES
Fronting
East
Taxes
$4,900 (2023)
Basement
Full, Walk-Up
Exterior
Metal/Side
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Well
Parking Spaces
10
Driveway
Pvt Double
Garage Type
Detached
Room Summary
RoomLevelSizeFeatures
KitchenMain10.99' x 18.01'
LivingMain12.01' x 19.00'
DiningMain10.99' x 9.32'
Prim BdrmMain14.01' x 14.99'
2nd BrMain12.01' x 10.01'
3rd BrMain14.01' x 11.68'
4th BrMain8.99' x 10.99'
LaundryMain9.84' x 4.92'
Hamilton Market Statistics
Hamilton Price Trend
2311 Hwy 56 is a 4-bedroom 2-bathroom home listed for sale at $3,599,900, which is $2,527,520 (235.7%) higher 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 Sam Mcdadi Real Estate Inc.
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