526 Fifty Rd
Winona Park, Hamilton, L8E 5T4
FOR SALE
$1,050,000
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Property Description
Welcome to this meticulously renovated legal duplex on a double lot in the heart of Stoney Creek! This outstanding investment property offers two separate units, each thoughtfully designed with modern amenities and finishes. This duplex is a rare find. Unit 1 boasts 2 bedrooms and 1 bathroom, while Unit 2 offers 3 bedrooms and 1 bathroom, providing comfortable living spaces for tenants. The upper unit pays $2350, while the bottom unit pays $2250, making this an attractive income-generating opportunity. Both units feature separate meters for electricity, allowing tenants to manage their own electricity expenses. Additionally, the landlord covers the cost of gas and water usage, providing convenience for both tenants and landlord alike. Outside, you'll find a newly paved driveway large enough for 6 cars, ensuring ample parking for residents and guests. Situated right off the highway and beside the Costco plaza, convenience and accessibility are at your fingertips.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-02-21 | 2023-04-06 | 44 | $779,900 | - | Terminated |
| 2023-04-12 | 2023-04-20 | 8 | $779,900 | $740,000 | Sold |
| 2023-02-21 | 2023-04-05 | 43 | $779,900 | - | Terminated |
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
1500-2000
Lot Size
60' x 100'
Fronting
East
Taxes
$4,174 (2023)
Basement
Full, Unfinished
Exterior
Vinyl Siding
Heat Type
Radiant
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
6
Driveway
Pvt Double
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Dining | Main | 16.01' x 14.99' | |
| Kitchen | Main | 12.99' x 8.01' | |
| Br | Main | 12.01' x 12.99' | |
| Br | Main | 9.51' x 9.51' | |
| Kitchen | 2nd | 9.58' x 12.99' | |
| Br | 2nd | 10.50' x 12.99' | |
| Br | 2nd | 12.99' x 11.42' | |
| Living | 2nd | 12.99' x 14.01' | |
| Br | 3rd | 14.99' x 20.01' |
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Hamilton Market Statistics
Hamilton Price Trend
526 Fifty Rd is a 5-bedroom 2-bathroom home listed for sale at $1,050,000, which is $345,900 (24.8%) lower than the average sold price of $1,395,900 in the last 30 days (March 28 - April 26). During the last 30 days the average sold price for a 5 bedroom home in Hamilton increased by $312,601 (28.9%) compared to the previous 30 day period (February 27 - March 27) and up $273,645 (24.4%) from the same time one year ago.Inventory Change
There were 45 5-bedroom homes listed in Hamilton over the last 30 days (March 28 - April 26), which is up 45.2% compared with the previous 30 day period (February 27 - March 27) and up 200.0% compared with the same period last year.Sold Price Above/Below Asking ($)
5-bedroom homes in Hamilton typically sold ($65,505) (4.7%) below asking price over the last 30 days (March 28 - April 26), which represents a $17,428 decrease compared to the previous 30 day period (February 27 - March 27) and $10,924 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 (March 28 - April 26) stood at 33.3%, down from 64.5% over the previous 30 days (February 27 - March 27) and down from 126.7% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 2-bathroom home in Hamilton stood at 64 days when successfully sold over the last 30 days (March 28 - April 26), compared to 73 days before being removed from the market upon being suspended or terminated.Listing contracted with Real Broker Ontario Ltd
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