420 Ridge Rd
Stoney Creek Mountain, Hamilton, L8J 2Y5
FOR SALE
$4,099,000
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Property Description
Set atop the edge of the escarpment which offers a panoramic view of the region this property provides a rare opportunity to own a large piece of acreage (77+/-acres) on a sought-after street. Conveniently located five minutes from downtown Stoney Creek with proximity to all city amenities and major transportation routes. Step back in time and explore the original brick homestead full of character & awaiting a new owner. Complete with a slate roof, five bedrooms and large verandas, this gem exudes warmth and charm. The hip roof barn provides endless opportunities for a hobby farmer or agri-tourism venture. A beautiful large insulated and heated steel outbuilding awaits, offering the perfect workshop with concrete floors, wood paneled horse stalls, hot/cold water. Whether you're a craft person, an artist or horse enthusiast, this space is sure to inspire creativity and productivity. Fenced in paddocks are ready to welcome your animals with plenty of room to graze or roam. Whatever country lifestyle your looking for this property has everything and more to make your vision a reality.
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
2000-2500
Lot Size
286' x 2,901'
Fronting
South
Taxes
$2,491 (2023)
Basement
Full, Unfinished
Exterior
Brick, Stone
Heat Type
Forced Air
Heat Source
Oil
Air Conditioning
None
Water
Well
Parking Spaces
20
Driveway
Private
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Ground | 15.85' x 16.21' | |
| Dining | Ground | 13.02' x 13.12' | |
| Kitchen | Ground | 13.22' x 13.68' | |
| Breakfast | Ground | 11.52' x 13.65' | |
| Pantry | Ground | 7.71' x 9.12' | |
| Mudroom | Ground | 11.42' x 14.73' | |
| Prim Bdrm | 2nd | 11.48' x 13.09' | |
| Br | 2nd | 10.56' x 13.06' | |
| Br | 2nd | 7.81' x 12.89' | |
| Br | 2nd | 7.87' x 13.42' | |
| Br | 2nd | 11.15' x 14.40' | |
| Bathroom | 2nd | 7.28' x 14.27' | 4 Pc Bath |
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Hamilton Market Statistics
Hamilton Price Trend
420 Ridge Rd is a 5-bedroom 1-bathroom home listed for sale at $4,099,000, which is $2,927,193 (249.8%) higher than the average sold price of $1,171,807 in the last 30 days (August 21 - September 19). During the last 30 days the average sold price for a 5 bedroom home in Hamilton increased by $277,541 (31.0%) compared to the previous 30 day period (July 22 - August 20) and up $258,192 (28.3%) from the same time one year ago.Inventory Change
There were 50 5-bedroom homes listed in Hamilton over the last 30 days (August 21 - September 19), which is up 72.4% compared with the previous 30 day period (July 22 - August 20) and up 42.9% compared with the same period last year.Sold Price Above/Below Asking ($)
5-bedroom homes in Hamilton typically sold ($83,980) (7.2%) below asking price over the last 30 days (August 21 - September 19), which represents a $83,538 decrease compared to the previous 30 day period (July 22 - August 20) and ($26,698) 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 5-bedroom homes in Hamilton over the last 30 days (August 21 - September 19) stood at 26.0%, down from 31.0% over the previous 30 days (July 22 - August 20) and down from 37.1% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 1-bathroom home in Hamilton stood at 51 days when successfully sold over the last 30 days (August 21 - September 19), compared to 83 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Escarpment Realty Inc.,
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