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Property Description
Welcome to 460 King William Street, Hamilton - a prime corner property featuring a duplex plus a basement apartment, with three fully self-sufficient units. Each unit boasts separate entrances and no common areas, offering ultimate privacy for tenants. Recently renovated in 2021, this property features a brand-new basement unit and updated main and second floors. Each unit includes its own washer/dryer, central AC, and heat for modern convenience. Unit 1 (basement) has a private entrance between houses and pays its own hydro with a dedicated meter. Units 2 and 3 enjoy all-inclusive rents and separate entrances facing Ashley Street and King William Street, respectively. Parking is a breeze with two reserved spots on Ashley Street for Units 2 and 3, while street parking is available for the basement tenants. Conveniently located near downtown Hamilton and public transit, this property offers exceptional rental income potential. Financials: Total gross rent for the year 2024 is $50,300, with total expenses for the year projected at $9,163.47, making this an outstanding investment opportunity. Don't miss your chance to own this unique, income-generating property!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-04-28 | 2023-06-28 | 61 | $899,000 | - | Terminated |
| 2023-04-04 | 2023-06-29 | 86 | $939,000 | - | Terminated |
| 2023-04-28 | 2023-06-22 | 55 | $899,000 | - | Suspended |
| 2023-04-04 | 2023-06-22 | 80 | $939,000 | - | Suspended |
| 2023-04-04 | 2023-04-28 | 25 | $939,000 | - | Suspended |
| 2023-04-04 | 2023-04-28 | 25 | $939,000 | - | Suspended |
| 2021-04-29 | 2021-06-02 | 34 | $849,999 | - | Terminated |
| 2020-04-13 | 2020-06-24 | 72 | $519,000 | $495,000 | Sold |
Property Features
Hospital, Park, Public Transit, School
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Property Details
Street
Community
City
Property Type
Duplex, 2-Storey
Approximate Sq.Ft.
1500-2000
Lot Size
24' x 65'
Fronting
South
Taxes
$2,900 (2024)
Basement
Finished, Sep Entrance
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Pvt Double
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 12.83' x 13.32' | |
| Kitchen | Main | 12.17' x 11.58' | |
| Br | Main | 10.66' x 14.01' | |
| Bathroom | Main | 6.00' x 11.15' | 4 Pc Bath, Combined W/Laundry |
| Living | 2nd | 10.01' x 15.58' | Balcony |
| Kitchen | 2nd | 11.58' x 6.99' | |
| Br | 2nd | 10.17' x 14.01' | |
| Bathroom | 2nd | 8.43' x 9.09' | 4 Pc Bath, Combined W/Laundry |
| Living | Bsmt | 6.99' x 12.01' | |
| Kitchen | Bsmt | 10.01' x 9.68' | |
| Br | Bsmt | 8.07' x 11.25' | |
| Bathroom | Bsmt | 5.51' x 10.01' | 4 Pc Bath, Combined W/Laundry |
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Hamilton Market Statistics
Hamilton Price Trend
460 King William St is a 3-bedroom 3-bathroom home listed for sale at $749,900, which is $45,404 (5.7%) lower than the average sold price of $795,304 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 3 bedroom home in Hamilton declined by $14,590 (1.8%) compared to the previous 30 day period (December 22 - January 20) and up $4,194 (0.5%) from the same time one year ago.Inventory Change
There were 282 3-bedroom homes listed in Hamilton over the last 30 days (January 21 - February 19), which is up 83.1% compared with the previous 30 day period (December 22 - January 20) and up 34.3% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Hamilton typically sold ($17,171) (2.2%) below asking price over the last 30 days (January 21 - February 19), which represents a $7,920 increase compared to the previous 30 day period (December 22 - January 20) and ($12,854) 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 3-bedroom homes in Hamilton over the last 30 days (January 21 - February 19) stood at 50.0%, down from 73.4% over the previous 30 days (December 22 - January 20) and down from 78.6% 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 (January 21 - February 19), compared to 71 days before being removed from the market upon being suspended or terminated.Listing contracted with Keller Williams Signature Realty, Brokerage
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