338 Concession 5 W

FOR SALE
$1,389,995
338 Concession 5  W, Hamilton
338 Concession 5  W
338 Concession 5  W
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3
BEDROOMS
2
BATHROOMS
1
KITCHENS
7
ROOMS
X8170492
MLSID
Contact Us
Property Description
A mixed-use, large property with endless possibilities/potential incl. development. Currently being used as a busy, 2000 sq ft variety store with strong community ties as well as Canada Post Depot. Business is not for sale but seller will include training and support for any buyer who wishes to continue. Inventory is available for purchase. 1500 sq ft, 3 bedroom apt upstairs with w/o balcony. Large detached garage in rear with hydro and loft. Loft can be used commercially, personally or as a rental for additional income. Quick access to 403/401/QEW. Minutes to Waterdown, Dundas, Ancaster, Burlington.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2023-10-11 2024-03-25 166 $1,499,999 - Terminated
Property Details
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
3000-3500
Lot Size
60' x 264'
Acreage
< .50
Fronting
South
Taxes
$8,062 (2023)
Basement
Unfinished
Exterior
Alum Siding, Concrete
Heat Type
Forced Air
Heat Source
Propane
Air Conditioning
Central Air
Water
Well
Parking Spaces
10
Driveway
Other
Garage Type
Detached
Hamilton Market Statistics
Hamilton Price Trend
338 Concession 5 W is a 3-bedroom 2-bathroom home listed for sale at $1,389,995, which is $513,547 (58.6%) higher than the average sold price of $876,448 in the last 30 days (March 28 - April 26). During the last 30 days the average sold price for a 3 bedroom home in Hamilton increased by $73,271 (9.1%) compared to the previous 30 day period (February 27 - March 27) and up $33,925 (4.0%) from the same time one year ago.
Inventory Change
There were 339 3-bedroom homes listed in Hamilton over the last 30 days (March 28 - April 26), which is up 10.8% compared with the previous 30 day period (February 27 - March 27) and up 55.5% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Hamilton typically sold ($5,780) (0.7%) below asking price over the last 30 days (March 28 - April 26), which represents a $3,348 increase compared to the previous 30 day period (February 27 - March 27) and ($8,807) 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 3-bedroom homes in Hamilton over the last 30 days (March 28 - April 26) stood at 85.3%, up from 73.5% over the previous 30 days (February 27 - March 27) and down from 106.4% 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 21 days when successfully sold over the last 30 days (March 28 - April 26), compared to 49 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Real Estate Centre Inc.
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