4049 Hwy 6
Rural Glanbrook, Hamilton, L0R 1W0
FOR SALE
$2,999,000
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5 + 5
BEDROOMS7
BATHROOMS1 + 4
KITCHENS22
ROOMSX9504225
MLSIDContact Us
Property Description
This exceptional 10-acre property offers unparalleled potential for investors, developers, and businesses alike.Strategically located with high visibility on a major highway, it boasts easy access to the airport, distribution centres, and essential amenities.Originally comprising three houses and two additional units, the property has undergone a complete transformation. A fresh coat of paint, a striking stucco exterior, and extensive exterior grading have created a modern and elegant appeal. A secure gated entrance, private fenced yard, and the serene backdrop of a nearby ravine enhance the property's allure.The property's core features include two modern, free-standing buildings housing five versatile units. These units are perfect for a variety of commercial uses, including offices, retail, warehouses, and light industrial operations. Ample parking, modern infrastructure, and flexible floor plans cater to diverse business needs.Conveniently located near shops, grocery stores, and the airport, this property offers exceptional accessibility. Its versatile layout presents endless possibilities for commercial or residential development, such as a multi-family complex, boutique hotel, or mixed-use project.Seize this opportunity to create a thriving business hub or a remarkable investment.
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2024-08-19 | 2024-10-22 | 64 | $1 | - | Terminated |
Extras
2 Free standing structures - 1 with 2 units and one with 3 units. All separately metered.
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
3500-5000
Lot Size
699' x 607'
Acreage
10-24.99
Fronting
South
Taxes
$6,484 (2024)
Basement
Unfinished
Exterior
Stucco/Plaster
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
20
Driveway
Available
Garage Type
None
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Hamilton Market Statistics
Hamilton Price Trend
4049 Hwy 6 is a 5-bedroom 7-bathroom home listed for sale at $2,999,000, which is $2,051,162 (216.4%) higher 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 7-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 Royal Lepage Vision Realty
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