417 King St W
Strathcona, Hamilton, L8P 1B5
FOR SALE
$899,000
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Property Description
INVEST IN THE WEST Hamilton, Well-maintained brick income property featuring three sizable units, including two 2-bedroom apartments and one 1-bedroom . Perfectly zoned for a residential triplex. Prime location for either rental income or a personal residence, with excellent proximity to downtown, shopping centers, local parks. Situated on a key bus line and just a minute from freeway entrances. The property is move-in ready with three separate Furnace systems, updated electrical panels, and afire escape with deck areas. Numerous upgrades have been completed since 2020. There's also roughed in plumbing in the basement for potential expansion. Units 1 and 3 are rented to reliable tenants keen on extending their leases. RSA
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Property Features
Hospital, Library, Park, Public Transit
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Property Details
Street
Community
City
Property Type
Detached, 2 1/2 Storey
Lot Size
24' x 88'
Fronting
South
Taxes
$5,183 (2024)
Basement
Full, Unfinished
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Window Unit
Water
Municipal
Driveway
None
Garage Type
None
Call
Room Summary
Room | Level | Size | Features |
---|---|---|---|
Living | Main | 12.40' x 14.17' | |
Kitchen | Main | 4.99' x 14.17' | |
Br | Main | 10.76' x 13.68' | |
Kitchen | 2nd | 7.74' x 6.43' | |
Br | 2nd | 9.42' x 12.34' | |
Br | 2nd | 7.41' x 11.25' | |
Kitchen | 3rd | 6.76' x 14.57' |
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Hamilton Market Statistics
Hamilton Price Trend
417 King St W is a 3-bedroom 3-bathroom home listed for sale at $899,000, which is $117,258 (15.0%) higher than the average sold price of $781,742 in the last 30 days (November 17 - December 16). During the last 30 days the average sold price for a 3 bedroom home in Hamilton increased by $30,684 (4.1%) compared to the previous 30 day period (October 18 - November 16) and up $27,328 (3.6%) from the same time one year ago.Inventory Change
There were 202 3-bedroom homes listed in Hamilton over the last 30 days (November 17 - December 16), which is down 43.4% compared with the previous 30 day period (October 18 - November 16) and up 25.5% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Hamilton typically sold ($23,223) (3.0%) below asking price over the last 30 days (November 17 - December 16), which represents a $5,548 decrease compared to the previous 30 day period (October 18 - November 16) and ($24,671) 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 17 - December 16) stood at 87.1%, up from 71.1% over the previous 30 days (October 18 - November 16) and up from 76.4% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 3-bathroom home in Hamilton stood at 34 days when successfully sold over the last 30 days (November 17 - December 16), compared to 64 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Escarpment Leadex Realty
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