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Property Description
Lovingly maintained 3+1 bedroom bungalow with an inground pool and in-law suite potential! This property presents a fantastic investment opportunity, featuring two kitchens, a separate basement entrance, a detached garage with potential for a secondary dwelling unit (Buyer to do due diligence), and a spacious double-wide driveway that accommodates up to four cars. Recent upgrades include a new roof (2022), boiler system (2022), washer/dryer and upstairs fridge (2023), along with a new pool pump and filter (2023) and 1 inch waterline to the property (2024). Ideally located for commuters, just a short drive to Red Hill and QEW.
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Approximate Sq.Ft.
1100-1500
Lot Size
42' x 107'
Fronting
West
Taxes
$4,044 (2024)
Basement
Finished, Sep Entrance
Exterior
Alum Siding, Brick
Heat Type
Other
Heat Source
Other
Air Conditioning
Window Unit
Water
Municipal
Pool
Inground
Parking Spaces
4
Driveway
Pvt Double
Garage Type
Carport
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Main | 10.24' x 12.76' | |
| Dining | Main | 9.15' x 8.43' | |
| Living | Main | 12.01' x 15.85' | |
| Br | Main | 9.58' x 10.60' | |
| Br | Main | 11.25' x 11.15' | |
| Br | Main | 11.09' x 10.83' | |
| Rec | Bsmt | 15.91' x 26.51' | |
| Br | Bsmt | 10.40' x 12.83' | |
| Utility | Bsmt | 11.15' x 11.32' | |
| Laundry | Bsmt | 7.74' x 18.01' |
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Hamilton Market Statistics
Hamilton Price Trend
543 Tate Ave is a 4-bedroom 2-bathroom home listed for sale at $599,900, which is $484,664 (44.7%) lower than the average sold price of $1,084,564 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 4 bedroom home in Hamilton declined by $89,830 (7.6%) compared to the previous 30 day period (September 21 - October 20) and up $76,004 (7.5%) from the same time one year ago.Inventory Change
There were 172 4-bedroom homes listed in Hamilton over the last 30 days (October 21 - November 19), which is down 14.0% compared with the previous 30 day period (September 21 - October 20) and up 17.8% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Hamilton typically sold ($26,401) (2.4%) below asking price over the last 30 days (October 21 - November 19), which represents a $6,597 increase compared to the previous 30 day period (September 21 - October 20) and ($22,601) 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 (October 21 - November 19) stood at 54.7%, up from 43.0% over the previous 30 days (September 21 - October 20) and up from 43.8% 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 33 days when successfully sold over the last 30 days (October 21 - November 19), compared to 67 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Escarpment Realty Inc.,
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