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Property Description
Legal duplex!!! Calling all investors looking for opportunity or homebuyers eager to get into the market. This house is perfectly situated in the high demand Blakely neighborhood. This property is fully leased, collecting approximate $41,000 annually with an NOI of $31,700 offering a compelling ROI, boasting a cap rate around 4.2%. The vast double lot and third separate entrance presents potential for further development and revenue. New homebuyers can live in one unit while collecting rent thereby reducing their monthly expenses between $1,500 to $2,000/m. Garage is rented separately as well. Great potential revenue generator or expense reducing property. Grab it before its gone. Buyer to verify numbers and do own due diligence as figures presented were at time of listing and may have changed.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-02-22 | 2024-03-18 | 25 | $749,000 | - | Terminated |
Property Features
Hospital, Park, School
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Property Details
Street
Community
City
Property Type
Duplex, 2-Storey
Approximate Sq.Ft.
1100-1500
Lot Size
50' x 100'
Acreage
< .50
Fronting
West
Taxes
$3,922 (2023)
Basement
Sep Entrance, Unfinished
Exterior
Alum Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Available
Garage Type
Detached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 11.68' x 10.83' | |
| Br | Main | 10.17' x 9.51' | |
| 2nd Br | Main | 11.48' x 8.50' | |
| Kitchen | Main | 12.01' x 10.99' | |
| Dining | Main | 12.50' x 10.01' | |
| Living | Upper | 16.67' x 12.66' | |
| Br | Upper | 11.52' x 10.99' | |
| Br | Upper | 9.51' x 10.99' |
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Hamilton Market Statistics
Hamilton Price Trend
260 Prospect St S is a 3-bedroom 2-bathroom home listed for sale at $697,000, which is $172,329 (19.8%) lower than the average sold price of $869,329 in the last 30 days (March 30 - April 28). During the last 30 days the average sold price for a 3 bedroom home in Hamilton increased by $57,485 (7.1%) compared to the previous 30 day period (February 29 - March 29) and up $9,610 (1.1%) from the same time one year ago.Inventory Change
There were 325 3-bedroom homes listed in Hamilton over the last 30 days (March 30 - April 28), which is up 4.5% compared with the previous 30 day period (February 29 - March 29) and up 43.8% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Hamilton typically sold ($6,746) (0.8%) below asking price over the last 30 days (March 30 - April 28), which represents a $1,896 increase compared to the previous 30 day period (February 29 - March 29) and ($6,114) 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 3-bedroom homes in Hamilton over the last 30 days (March 30 - April 28) stood at 86.8%, up from 70.4% over the previous 30 days (February 29 - March 29) and down from 96.5% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom home in Hamilton stood at 23 days when successfully sold over the last 30 days (March 30 - April 28), compared to 49 days before being removed from the market upon being suspended or terminated.Listing contracted with Harvey Kalles Real Estate Ltd.
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