256 Barton St
Stoney Creek, Hamilton, L8E 2K5
FOR SALE
$925,000
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Property Description
A unique opportunity for an experienced developer/builder to take advantage of this premium oversized lot measuring 85 ft by 183 ft, in this rapidly developing area consists of strong rental demographics & area benefits, excellent transit options, stable ROI and expectation for future growth.This House Is Situated On A Massive Lot, Endless Potential For Investors. The Lot Is Severable, Allowing For Multiple Development Options, Making It A Dream Come True For Savvy Investors. Currently Property Presents An Incredible Income Potential. Upgrades And Improvements Can Easily Be Made. Zoning- Neighbourhood Development Transforming This Property Into A Truly Remarkable Investment. A Perfect Canvas For Those Looking To Customize Their Dream Home. Buyer Must Conduct Due Diligence obtaining A License To Divide The Lot Could Allow for the development Of 4 townhouses, Semi Detached or custom-made Detached with the option of commercial usage.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-12-21 | 2024-03-11 | 81 | $937,700 | - | Terminated |
| 2023-05-25 | 2023-06-21 | 27 | $979,000 | - | Terminated |
| 2023-03-11 | 2023-04-30 | 50 | $999,900 | - | Terminated |
| 2022-08-02 | 2022-11-30 | 120 | $1,099,900 | - | Expired |
| 2022-02-25 | 2022-06-06 | 101 | $1,400,000 | - | Terminated |
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Property Details
Street
Community
City
Property Type
Detached, 1 1/2 Storey
Approximate Sq.Ft.
1100-1500
Lot Size
85' x 183'
Fronting
South
Taxes
$3,480 (2023)
Basement
Full, Part Fin
Exterior
Alum Siding, Stucco/Plaster
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
9
Driveway
Circular
Garage Type
Attached
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Hamilton Market Statistics
Hamilton Price Trend
256 Barton St is a 4-bedroom 2-bathroom home listed for sale at $925,000, which is $257,435 (21.8%) lower than the average sold price of $1,182,435 in the last 30 days (March 27 - April 25). During the last 30 days the average sold price for a 4 bedroom home in Hamilton increased by $75,990 (6.9%) compared to the previous 30 day period (February 26 - March 26) and up $46,914 (4.1%) from the same time one year ago.Inventory Change
There were 189 4-bedroom homes listed in Hamilton over the last 30 days (March 27 - April 25), which is up 7.4% compared with the previous 30 day period (February 26 - March 26) and up 30.3% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Hamilton typically sold ($31,600) (2.7%) below asking price over the last 30 days (March 27 - April 25), which represents a $9,612 decrease compared to the previous 30 day period (February 26 - March 26) and ($15,270) 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 (March 27 - April 25) stood at 65.1%, up from 52.8% over the previous 30 days (February 26 - March 26) and down from 71.7% 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 20 days when successfully sold over the last 30 days (March 27 - April 25), compared to 68 days before being removed from the market upon being suspended or terminated.Listing contracted with Century 21 People`S Choice Realty Inc.
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