42 Florence St

FOR SALE
$750,000
42 Florence St, Hamilton
42 Florence St
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5
BEDROOMS
5
BATHROOMS
4
KITCHENS
14
ROOMS
X11989958
MLSID
Contact Us
Property Description
Exceptional investment opportunity in Hamilton's sought-after Strathcona neighborhood! This fully tenanted fourplex offers strong, consistent rental income with excellent cash flow potential. Located in a prime area near parks, schools, and transit, it ensures high rental demand and long-term appreciation. Investors will appreciate the steady returns and minimal vacancies. Located in a prime area near school, University, and parks. Showings require at least 48 hours' notice, and all tenants must be notified in advance.
Property Features
Park, School
Property Details
Community
Property Type
Fourplex, 3-Storey
Lot Size
27' x 66'
Fronting
North
Taxes
$5,397 (2024)
Basement
Apartment
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Other
Garage Type
None
Hamilton Market Statistics
Hamilton Price Trend
42 Florence St is a 5-bedroom 5-bathroom home listed for sale at $750,000, which is $163,375 (17.9%) lower than the average sold price of $913,375 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 5 bedroom home in Hamilton declined by $831,625 (47.7%) compared to the previous 30 day period (December 22 - January 20) and down $536,701 (37.0%) from the same time one year ago.
Inventory Change
There were 33 5-bedroom homes listed in Hamilton over the last 30 days (January 21 - February 19), which is up 50.0% compared with the previous 30 day period (December 22 - January 20) and up 6.5% compared with the same period last year.
Sold Price Above/Below Asking ($)
5-bedroom homes in Hamilton typically sold ($22,434) (2.5%) below asking price over the last 30 days (January 21 - February 19), which represents a $94,966 increase compared to the previous 30 day period (December 22 - January 20) and ($91,146) 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 (January 21 - February 19) stood at 24.2%, up from 9.1% over the previous 30 days (December 22 - January 20) and down from 41.9% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 5-bathroom home in Hamilton stood at 18 days when successfully sold over the last 30 days (January 21 - February 19), compared to 83 days before being removed from the market upon being suspended or terminated.
Listing contracted with Executive Homes Realty Inc.
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