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Property Description
Beautiful condo with very low monthly fees (ONLY $226/MONTH!!!) in the downtown core. Spacious unit perfect for first time home buyers looking to live a chic downtown lifestyle or an investor looking to lease out a condo with low maintenance fees. 9' ceilings, open concept, newer appliances, granite countertops, backsplash, hardwood floors and laundry on the same floor. Excellent location! Close to trendy restaurants, cafes, shopping, offices, colleges, Art Crawl, transit, GO Station and everything the heart of downtown has to offer. Welcome Home! RSA
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Property Features
Hospital, Library, Public Transit, School
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
500-599
Taxes
$2,064 (2024)
Basement
None
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
None
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 14.57' x 15.16' | Hardwood Floor, Combined W/Dining |
| Kitchen | Main | 10.17' x 11.75' | Ceramic Floor, Backsplash |
| Prim Bdrm | Main | 8.83' x 11.91' | Hardwood Floor |
| Foyer | Main | 3.81' x 9.48' | Ceramic Floor |
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Hamilton Market Statistics
Hamilton Price Trend
283 King St E 206 is a 1-bedroom 1-bathroom condo listed for sale at $324,900, which is $107,408 (24.8%) lower than the average sold price of $432,308 in the last 30 days (November 2 - December 1). During the last 30 days the average sold price for a 1 bedroom condo in Hamilton increased by $19 (0.0%) compared to the previous 30 day period (October 3 - November 1) and up $42,756 (11.0%) from the same time one year ago.Inventory Change
There were 62 1-bedroom condos listed in Hamilton over the last 30 days (November 2 - December 1), which is up 19.2% compared with the previous 30 day period (October 3 - November 1) and up 87.9% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Hamilton typically sold ($5,799) (1.3%) below asking price over the last 30 days (November 2 - December 1), which represents a $4,624 increase compared to the previous 30 day period (October 3 - November 1) and ($8,508) more 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 1-bedroom condos in Hamilton over the last 30 days (November 2 - December 1) stood at 56.5%, up from 36.5% over the previous 30 days (October 3 - November 1) and up from 51.5% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 1-bedroom 1-bathroom condo in Hamilton stood at 52 days when successfully sold over the last 30 days (November 2 - December 1), compared to 65 days before being removed from the market upon being suspended or terminated.Listing contracted with Keller Williams Edge Realty
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