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Property Description
Discover a prime investment opportunity in the highly sought-after Red Hill and King's Forest neighbourhood of Hamilton, Ontario! This recently converted and legally registered duplex offers two beautifully renovated units, both currently tenanted by A++ occupants. Enjoy nearly $4,200 in monthly revenue, making this an ideal choice for investors. Alternatively, live in one unit and rent out the other for steady income. Looking to maximize your ROI? The expansive 50'x100' lot and detached garage present endless possibilities for additional revenue streams. Consider building a garden suite or renting out the garage for extra income. Don't miss out on this exceptional opportunity!
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Property Features
Golf, Ravine, School
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Approximate Sq.Ft.
700-1100
Lot Size
50' x 100'
Acreage
< .50
Fronting
South
Taxes
$4,458 (2023)
Basement
Apartment, Sep Entrance
Exterior
Brick, Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
3
Driveway
Private
Garage Type
Detached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 10.93' x 16.67' | |
| Kitchen | Main | 8.92' x 10.60' | |
| Dining | Main | 7.58' x 13.75' | |
| Br | Main | 8.60' x 10.83' | |
| Br | Main | 10.99' x 10.99' | |
| Br | Main | 10.24' x 10.60' | |
| Living | Bsmt | 12.01' x 12.01' | |
| Kitchen | Bsmt | 8.99' x 13.12' | Eat-In Kitchen |
| Br | Bsmt | 10.01' x 10.50' | |
| Br | Bsmt | 10.01' x 10.50' | |
| Br | Bsmt | 8.99' x 10.01' |
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Hamilton Market Statistics
Hamilton Price Trend
269 Montmorency Dr is a 3-bedroom 2-bathroom home listed for sale at $779,900, which is $74,300 (8.7%) lower than the average sold price of $854,200 in the last 30 days (April 14 - May 13). During the last 30 days the average sold price for a 3 bedroom home in Hamilton declined by $2,298 (0.3%) compared to the previous 30 day period (March 15 - April 13) and down $15,454 (1.8%) from the same time one year ago.Inventory Change
There were 411 3-bedroom homes listed in Hamilton over the last 30 days (April 14 - May 13), which is up 52.2% compared with the previous 30 day period (March 15 - April 13) and up 58.7% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Hamilton typically sold ($5,864) (0.7%) below asking price over the last 30 days (April 14 - May 13), which represents a $1,949 decrease compared to the previous 30 day period (March 15 - April 13) and ($1,355) 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 (April 14 - May 13) stood at 57.4%, down from 93.3% over the previous 30 days (March 15 - April 13) and down from 86.9% 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 22 days when successfully sold over the last 30 days (April 14 - May 13), compared to 47 days before being removed from the market upon being suspended or terminated.Listing contracted with Rock Star Real Estate Inc.
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