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Property Description
40 Potruff Avenue South, 2 Lots or 2 Units, Huge Opportunity and Massive Potential in this home, convert to 2 or 3 units, or subdivide the property into 2 x 40 ft lots backing onto greenspace, Seize the opportunity to transform this large home, situated on an expansive 80 x 215 premium lot, into your dream residence. Owned by the original owner, this property features a 2-car detached garage, a rear separate entrance, and a side entrance, offering versatility for your future plans. The unfinished basement with high ceilings provides a blank canvas for additional living space. While this home does require major improvements, it presents enormous potential in an exceptional community. With a fantastic location, you'll be just minutes away from the Red Hill and QEW, ensuring convenient access to everything you need. This property is brimming with possibilities dont miss out!
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Property Features
Fenced Yard, Place Of Worship, Public Transit, School
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
2500-3000
Lot Size
80' x 215'
Fronting
West
Taxes
$6,265 (2024)
Basement
Sep Entrance
Exterior
Brick
Heat Type
Other
Heat Source
Oil
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Private
Garage Type
Detached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Great Rm | Main | 20.41' x 14.34' | |
| Dining | Main | 13.85' x 10.40' | |
| Den | Main | 14.24' x 11.58' | |
| Office | Main | 13.91' x 11.58' | |
| Kitchen | Main | 13.75' x 10.50' | |
| Kitchen | Main | 9.74' x 6.66' | |
| Prim Bdrm | 2nd | 10.93' x 12.83' | |
| 2nd Br | 2nd | 10.93' x 12.40' | |
| 4th Br | 2nd | 19.42' x 9.09' | |
| 3rd Br | 3rd | 14.76' x 12.01' |
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Hamilton Market Statistics
Hamilton Price Trend
40 Pottruff Rd S is a 4-bedroom 2-bathroom home listed for sale at $795,000, which is $277,380 (25.9%) lower than the average sold price of $1,072,380 in the last 30 days (August 20 - September 18). During the last 30 days the average sold price for a 4 bedroom home in Hamilton increased by $30,436 (2.9%) compared to the previous 30 day period (July 21 - August 19) and down $46,726 (4.2%) from the same time one year ago.Inventory Change
There were 181 4-bedroom homes listed in Hamilton over the last 30 days (August 20 - September 18), which is up 21.5% compared with the previous 30 day period (July 21 - August 19) and up 27.5% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Hamilton typically sold ($26,874) (2.5%) below asking price over the last 30 days (August 20 - September 18), which represents a $4,599 increase compared to the previous 30 day period (July 21 - August 19) and ($24,507) less 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 4-bedroom homes in Hamilton over the last 30 days (August 20 - September 18) stood at 55.2%, down from 71.1% over the previous 30 days (July 21 - August 19) and up from 54.9% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 2-bathroom home in Hamilton stood at 32 days when successfully sold over the last 30 days (August 20 - September 18), compared to 72 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Escarpment Realty Inc.,
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