34 Lower Horning Rd
Ainslie Wood, Hamilton, L8S 3G1
FOR SALE
$649,000
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Property Description
**Charming 3-Bedroom Bungalow with Endless Potential!** This home is an excellent opportunity for first-time buyers, young families, or investors to add value. Nestled in the desirable Ainslie Wood neighborhood, this 3-bedroom bungalow sits on a spacious 50 x 100 ft. lot with all amenities a short walk away - parks, schools, shopping, and dining, McMaster University, McMaster Hospital, Main Street, transportation - its a perfect mix of convenience and lifestyle with easy access to HWY 403. .The upper level features a bright and spacious open-concept living and dining area with three well-sized bedrooms. The partially finished basement is a blank canvas for your visionideal as an in-law suite, or potentially a student rental, or income-generating apartment. The property includes large parking, a detached garage, spacious back yard, updated windows and roof. With a little TLC, this bungalow can truly become a dream home!
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Lot Size
50' x 100'
Fronting
West
Taxes
$5,397 (2024)
Basement
Part Fin
Exterior
Alum Siding, Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Private
Garage Type
Detached
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Hamilton Market Statistics
Hamilton Price Trend
34 Lower Horning Rd is a 3-bedroom 1-bathroom home listed for sale at $649,000, which is $96,470 (12.9%) lower than the average sold price of $745,470 in the last 30 days (October 24 - November 22). During the last 30 days the average sold price for a 3 bedroom home in Hamilton declined by $74,133 (9.0%) compared to the previous 30 day period (September 24 - October 23) and down $22,271 (2.9%) from the same time one year ago.Inventory Change
There were 316 3-bedroom homes listed in Hamilton over the last 30 days (October 24 - November 22), which is down 1.6% compared with the previous 30 day period (September 24 - October 23) and up 27.9% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Hamilton typically sold ($17,168) (2.3%) below asking price over the last 30 days (October 24 - November 22), which represents a $2,524 decrease compared to the previous 30 day period (September 24 - October 23) and ($22,281) 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 24 - November 22) stood at 80.4%, up from 57.3% over the previous 30 days (September 24 - October 23) and up from 61.1% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 1-bathroom home in Hamilton stood at 34 days when successfully sold over the last 30 days (October 24 - November 22), compared to 61 days before being removed from the market upon being suspended or terminated.Listing contracted with Orion Realty Corporation
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