3385 Binbrook Rd

Binbrook, Hamilton, L0R 1C0
FOR SALE
$1,990,000
3385 Binbrook Rd, Hamilton
3385 Binbrook Rd
3385 Binbrook Rd
3385 Binbrook Rd
3385 Binbrook Rd
3385 Binbrook Rd
3385 Binbrook Rd
3385 Binbrook Rd
3385 Binbrook Rd
3385 Binbrook Rd
3385 Binbrook Rd
3385 Binbrook Rd
3385 Binbrook Rd
3385 Binbrook Rd
3385 Binbrook Rd
3385 Binbrook Rd
3385 Binbrook Rd
3385 Binbrook Rd
3385 Binbrook Rd
3385 Binbrook Rd
3385 Binbrook Rd
3385 Binbrook Rd
3385 Binbrook Rd
3385 Binbrook Rd
3385 Binbrook Rd
3385 Binbrook Rd
3385 Binbrook Rd
3385 Binbrook Rd
3385 Binbrook Rd
3385 Binbrook Rd
3385 Binbrook Rd
3385 Binbrook Rd
3385 Binbrook Rd
3385 Binbrook Rd
3385 Binbrook Rd
3385 Binbrook Rd
3385 Binbrook Rd
3385 Binbrook Rd
3385 Binbrook Rd
3385 Binbrook Rd
3385 Binbrook Rd
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3
BEDROOMS
2
BATHROOMS
1
KITCHENS
8
ROOMS
X9045588
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Property Description
Welcome to 3385 Binbrook Road, Binbrook, Ontario, a prime investment opportunity. This .66-acre lot features a charming 3-bedroom bungalow built in 1991. The spacious property offers the potential to develop 14 townhouse units, making it ideal for developers and investors. The existing bungalow can be retained as a rental or replaced for new construction. Located near schools, parks, and shopping, this property promises significant ROI. Buyer to verify any details to use property as they'd need.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2021-05-19 2021-06-12 24 $1,599,900 $1,599,900 Sold
Property Features
Park, Place Of Worship, Rec Centre, School
Property Details
Community
Property Type
Detached, Bungalow
Lot Size
149' x 193'
Acreage
.50-1.99
Fronting
North
Taxes
$7,099 (2023)
Basement
Full, Unfinished
Exterior
Brick Front
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Well
Parking Spaces
6
Driveway
Pvt Double
Garage Type
Attached
Room Summary
RoomLevelSizeFeatures
FoyerMain6.50' x 12.66'
DiningMain11.52' x 13.42'
LivingMain11.52' x 12.01'
FamilyMain14.50' x 15.91'
KitchenMain12.99' x 10.07'
BrMain10.66' x 10.01'
BrMain10.33' x 10.66'
Prim BdrmMain18.08' x 13.25'
OtherMain10.50' x 11.32'
OtherMain4.82' x 5.09'Sauna
LaundryMain9.15' x 7.91'
Hamilton Market Statistics
Hamilton Price Trend
3385 Binbrook Rd is a 3-bedroom 2-bathroom home listed for sale at $1,990,000, which is $1,243,201 (166.5%) higher than the average sold price of $746,799 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 3 bedroom home in Hamilton declined by $87,851 (10.5%) compared to the previous 30 day period (September 21 - October 20) and down $30,098 (3.9%) from the same time one year ago.
Inventory Change
There were 331 3-bedroom homes listed in Hamilton over the last 30 days (October 21 - November 19), which is down 1.5% compared with the previous 30 day period (September 21 - October 20) and up 35.1% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Hamilton typically sold ($17,171) (2.3%) below asking price over the last 30 days (October 21 - November 19), which represents a $4,303 decrease compared to the previous 30 day period (September 21 - October 20) and ($23,304) 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 (October 21 - November 19) stood at 81.6%, up from 49.4% over the previous 30 days (September 21 - October 20) and up from 54.3% 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 33 days when successfully sold over the last 30 days (October 21 - November 19), compared to 60 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Escarpment Realty Inc.,
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