42 Florence St
Strathcona, Hamilton, L8R 1W6
FOR SALE
$750,000
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5
BEDROOMS5
BATHROOMS4
KITCHENS14
ROOMSX11989958
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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.
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Property Features
Park, School
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Property Details
Street
Community
City
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
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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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