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BEDROOMS5
BATHROOMS4
KITCHENS10
ROOMSX9355795
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Property Description
Discover this beautiful Victorian house that has been extensively updated and modernized, offering a unique multifamily investment opportunity. Fully rented, this property allows you to enjoy immediate positive cash flow from day one. Over $78,000 gross rental income per year. Featuring new electrical, plumbing, and HVAC systems, it combines modern conveniences with the historical charm and character that define Victorian architecture. This turnkey investment presents a rare chance to acquire a well-maintained, income-generating asset in a desirable Hamilton location. Don't miss out on this exceptional opportunity. Contact today for more details!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2020-08-31 | 2020-12-01 | 92 | $1,650 | - | Expired |
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Property Details
Street
Community
City
Property Type
Semi-Detached, 2 1/2 Storey
Approximate Sq.Ft.
2500-3000
Lot Size
23' x 100'
Fronting
South
Taxes
$4,900 (2024)
Basement
Finished
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Available
Garage Type
None
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Hamilton Market Statistics
Hamilton Price Trend
498 Main St E is a 6-bedroom 5-bathroom home listed for sale at $999,900, which is $85,377 (7.9%) lower than the average sold price of $1,085,277 in the last 30 days (November 21 - December 20). During the last 30 days the average sold price for a 6 bedroom home in Hamilton increased by $90,277 (9.1%) compared to the previous 30 day period (October 22 - November 20) and down $82,223 (7.0%) from the same time one year ago.Inventory Change
There were 7 6-bedroom homes listed in Hamilton over the last 30 days (November 21 - December 20), which is up 16.7% compared with the previous 30 day period (October 22 - November 20) and up 75.0% compared with the same period last year.Sold Price Above/Below Asking ($)
6-bedroom homes in Hamilton typically sold $72,827 (6.7%) above asking price over the last 30 days (November 21 - December 20), which represents a $112,777 increase compared to the previous 30 day period (October 22 - November 20) and ($19,950) 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 6-bedroom homes in Hamilton over the last 30 days (November 21 - December 20) stood at 28.6%, down from 33.3% over the previous 30 days (October 22 - November 20) and down from 50.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 6-bedroom 5-bathroom home in Hamilton stood at 41 days when successfully sold over the last 30 days (November 21 - December 20), compared to 80 days before being removed from the market upon being suspended or terminated.Listing contracted with The Agency Real Estate
Similar Listings
Discover this beautiful Victorian house that has been extensively updated and modernized, offering a unique multifamily investment opportunity. Fully rented, this property allows you to enjoy immediate positive cash flow from day one. Over $82,000 per year gross rental income. Featuring new electrical, plumbing, and HVAC systems, it combines modern conveniences with the historical charm and character that define Victorian architecture. This turnkey investment presents a rare chance to acquire a well-maintained, income-generating asset in a desirable Hamilton location. Don't miss out on this exceptional opportunity. Contact today for more details!
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