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4 + 2
BEDROOMS2
BATHROOMS1
KITCHENS6 + 2
ROOMSX8318436
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Property Description
Investing in this property offers a prime location, just a 7-minute walk from McMaster University,Innovation Park, and the Children's Hospital, making it highly attractive for academic professionals, hospital staff, and students. Additionally, the house comes fully furnished, reducing upfront costs and moving damages and accelerating rental readiness. A standout feature is the guaranteed rental income of up to $75,000 per year providing financial stability and predictability through April 2025. Furthermore, the offer includes a full year of complimentary property management services, ensuring hassle-free operations. 6 rooms out of 7 are actually rented to female-only tenants with a potential to add one more tenant. This combination of strategic location,ready-to-use amenities, financial incentives, and targeted tenant policy makes this property a compelling investment opportunity. Westdale is Vibrant, close-knit, academic hub near parks and essential amenities.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-09-10 | 2024-04-06 | 209 | $990 | - | Terminated |
| 2023-09-10 | 2024-04-06 | 209 | $990 | - | Terminated |
| 2022-05-18 | 2022-06-28 | 41 | $849,900 | $827,000 | Sold |
Extras
Leverage a prime location near McMaster University to attract clients! Benefit from a unique 2.5% co-promotion rate, above Hamiltons average, maximizing your earnings while offering properties in a vibrant area. Ideal for savvy investors!
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Lot Size
30' x 94'
Fronting
East
Taxes
$5,537 (2023)
Basement
Apartment, Fin W/O
Exterior
Brick, Wood
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
3
Driveway
Available
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Ground | 12.99' x 12.17' | |
| Common Rm | Ground | 13.88' x 10.89' | |
| Kitchen | Ground | 14.70' x 8.27' | |
| Br | 2nd | 9.58' x 12.80' | |
| 2nd Br | 2nd | 10.70' x 10.07' | |
| 3rd Br | 2nd | 9.28' x 12.60' | |
| 4th Br | Bsmt | 12.89' x 8.79' | |
| 5th Br | Bsmt | 13.12' x 8.89' | |
| Laundry | Bsmt | 8.60' x 9.58' |
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Hamilton Market Statistics
Hamilton Price Trend
54 South Oval is a 4-bedroom 2-bathroom home listed for sale at $929,000, which is $263,523 (22.1%) lower than the average sold price of $1,192,523 in the last 30 days (April 14 - May 13). During the last 30 days the average sold price for a 4 bedroom home in Hamilton increased by $20,432 (1.7%) compared to the previous 30 day period (March 15 - April 13) and up $66,214 (5.9%) from the same time one year ago.Inventory Change
There were 203 4-bedroom homes listed in Hamilton over the last 30 days (April 14 - May 13), which is up 25.3% compared with the previous 30 day period (March 15 - April 13) and up 26.1% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Hamilton typically sold ($31,957) (2.7%) below asking price over the last 30 days (April 14 - May 13), which represents a $4,178 decrease compared to the previous 30 day period (March 15 - April 13) and ($18,928) 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 4-bedroom homes in Hamilton over the last 30 days (April 14 - May 13) stood at 45.3%, down from 68.5% over the previous 30 days (March 15 - April 13) and down from 64.6% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 2-bathroom home in Hamilton stood at 23 days when successfully sold over the last 30 days (April 14 - May 13), compared to 55 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Signature Realty
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