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BEDROOMS4
BATHROOMS2 + 1
KITCHENS10
ROOMSX9365758
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Property Description
3000 square foot (basement included) LEGAL NON-CONFORMING TRIPLEX in the heart of Central Hamiltonfeaturing a great suite mix. Large main/basement 3 bed, 1.5 bath unit, spacious second floor 2 bed, 1 bathunit and a bigger then it looks brand new 1 bed, 1 bath loft unit at market rent. Unit 1 & 2 are great valueadds with major rent upside at 25%. The property also features a 200 amp feed, 3 panels, 3 hydro meters (allpassed on to tenants), main & fire escape egress, newer roof (2016) and soffits, eaves, fascia (2021). Units 1& 3 include in-suite laundry! Stabalized cap rate of 7%. Great addition to any portfolio or live/rent!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-01-11 | 2024-01-17 | 6 | $1,600 | - | Suspended |
Property Features
Hospital, Park, Place Of Worship, Public Transit, Rec Centre, School
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Property Details
Street
Community
City
Property Type
Triplex, 2 1/2 Storey
Approximate Sq.Ft.
2500-3000
Lot Size
29' x 89'
Fronting
West
Taxes
$4,868 (2024)
Basement
Finished, Sep Entrance
Exterior
Brick
Heat Type
Radiant
Heat Source
Other
Air Conditioning
Wall Unit
Water
Municipal
Parking Spaces
1
Driveway
Private
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Br | Main | 9.32' x 12.40' | |
| Br | Main | 9.25' x 11.68' | |
| Bathroom | Main | 9.15' x 10.07' | 4 Pc Bath |
| Br | 2nd | 10.17' x 11.75' | |
| Br | 2nd | 9.51' x 10.50' | |
| Bathroom | 2nd | 6.00' x 4.00' | |
| Br | Bsmt | 9.15' x 10.07' | |
| Bathroom | Bsmt | 6.56' x 4.17' | 2 Pc Bath |
| Bathroom | 3rd | 4.00' x 10.01' | 4 Pc Bath |
| Br | 3rd | 8.01' x 10.01' |
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Hamilton Market Statistics
Hamilton Price Trend
34 Sherman Ave S is a 5-bedroom 4-bathroom home listed for sale at $799,900, which is $147,938 (15.6%) lower than the average sold price of $947,838 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 5 bedroom home in Hamilton declined by $266,376 (21.9%) compared to the previous 30 day period (September 21 - October 20) and down $94,468 (9.1%) from the same time one year ago.Inventory Change
There were 43 5-bedroom homes listed in Hamilton over the last 30 days (October 21 - November 19), which is up 10.3% compared with the previous 30 day period (September 21 - October 20) and up 48.3% compared with the same period last year.Sold Price Above/Below Asking ($)
5-bedroom homes in Hamilton typically sold ($35,670) (3.8%) below asking price over the last 30 days (October 21 - November 19), which represents a $26,015 increase compared to the previous 30 day period (September 21 - October 20) and ($36,846) 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 5-bedroom homes in Hamilton over the last 30 days (October 21 - November 19) stood at 51.2%, up from 35.9% over the previous 30 days (September 21 - October 20) and down from 51.7% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 4-bathroom home in Hamilton stood at 38 days when successfully sold over the last 30 days (October 21 - November 19), compared to 62 days before being removed from the market upon being suspended or terminated.Listing contracted with Revel Realty Inc.
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