54 Frederick Ave
Crown Point, Hamilton, L8H 4K4
FOR SALE
$899,000
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Property Description
54 Frederick Ave is a fantastic investment opportunity! A corner lot nestled in a residential community in the heart of Hamilton. A legal triplex in a desirable neighbourhood, within close proximity to Tim Hortons Field, Centre Mall, easy access to transit and hi-ways. This property is ready for endless opportunity and possibilities with the versatility to lease out the units, live in one, use it as a family home with older children ready to live in their own apartment(s) on the same property, or live in 2 and lease out one. With 3 separate units, one 2 story 3 bedroom plus den fronting Frederick Ave and two separate one bedroom units facing Britannia Ave. Income potential or a home with separate units for the entire family. **EXTRAS** Projected monthly income: 3/4 bedroom $2800, 1 bedroom unit (Upper) $1500, 1bedroom unit (main) $1900. See Floor Plans for layouts and additional room sizes.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-05-01 | 2024-05-19 | 19 | $899,900 | $875,000 | Sold |
Property Features
Park, Place Of Worship, Public Transit, Rec Centre, School, School Bus Route
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Property Details
Street
Community
City
Property Type
Triplex, 2-Storey
Approximate Sq.Ft.
2000-2500
Lot Size
27' x 70'
Fronting
West
Taxes
$2,361 (2023)
Basement
Unfinished
Exterior
Stucco/Plaster
Heat Type
Radiant
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Driveway
None
Garage Type
None
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Hamilton Market Statistics
Hamilton Price Trend
54 Frederick Ave is a 5-bedroom 3-bathroom home listed for sale at $899,000, which is $14,375 (1.6%) 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 3-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 Property.Ca Inc.
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