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Property Description
Welcome to 391 East 16th Street, a charming 3-bedroom bungalow nestled in a quiet cul-de-sac on the desirable Hamilton Mountain. This well-maintained home is perfect for families, investors, or those seeking a peaceful lifestyle with the convenience of nearby amenities. The main floor features three spacious bedrooms filled with natural light, offering comfort and functionality for any household. The fully finished basement provides excellent in-law suite potential, complete with a second kitchen, a large living area, and a private entrance, making it ideal for multi-generational living or rental income. A detached garage offers secure parking and extra storage, while the covered concrete patio is perfect for outdoor entertaining or simply relaxing, regardless of the weather. The home sits on a generous pie-shaped lot, providing ample backyard space for gardening, kids to play, or hosting summer gatherings. Situated in a quiet cul-de-sac, this home offers privacy and minimal traffic, making it a haven for families. The location is conveniently close to schools, parks, shopping, and public transit, with easy access to major highways for commuters. Lovingly maintained with quality finishes, this move-in-ready home also offers the potential to personalize and make it your own. Whether youre looking for a comfortable family home or a versatile property with income potential, 391 East 16th Street is a rare find in a sought-after neighborhood. Dont miss your chance to own this gem!
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Approximate Sq.Ft.
700-1100
Lot Size
41' x 145'
Acreage
< .50
Lot Irregularities
Pie Shaped Lot
Fronting
North
Taxes
$4,315 (2024)
Basement
Apartment, Sep Entrance
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
3
Driveway
Private
Garage Type
Detached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Br | Ground | 12.01' x 12.99' | |
| 2nd Br | Ground | 10.50' x 10.99' | |
| 3rd Br | Ground | 8.01' x 10.40' | |
| Family | Ground | 12.40' x 22.01' | |
| Kitchen | Ground | 8.99' x 10.50' | |
| Br | Bsmt | 12.01' x 12.99' | |
| Rec | Bsmt | 12.99' x 22.01' | |
| Kitchen | Bsmt | 10.99' x 12.01' | |
| Laundry | Bsmt | 10.01' x 10.01' |
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Hamilton Market Statistics
Hamilton Price Trend
391 East 16th St is a 3-bedroom 2-bathroom home listed for sale at $799,900, which is $38,828 (5.1%) higher than the average sold price of $761,072 in the last 30 days (November 3 - December 2). During the last 30 days the average sold price for a 3 bedroom home in Hamilton declined by $25,337 (3.2%) compared to the previous 30 day period (October 4 - November 2) and up $840 (0.1%) from the same time one year ago.Inventory Change
There were 277 3-bedroom homes listed in Hamilton over the last 30 days (November 3 - December 2), which is down 17.8% compared with the previous 30 day period (October 4 - November 2) and up 10.8% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Hamilton typically sold ($17,722) (2.3%) below asking price over the last 30 days (November 3 - December 2), which represents a $1,616 decrease compared to the previous 30 day period (October 4 - November 2) and ($21,613) 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 (November 3 - December 2) stood at 89.5%, up from 57.0% over the previous 30 days (October 4 - November 2) and up from 53.6% 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 32 days when successfully sold over the last 30 days (November 3 - December 2), compared to 56 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Real Estate Services Ltd.
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