55 Cannon St W
Strathcona, Hamilton, L8R 2B4
FOR SALE
$499,900
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BEDROOMS2
BATHROOMS1
KITCHENS7
ROOMSX8163960
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Property Description
ATTENTION INVESTORS & FIRST TIME BUYERS! This property boasts convenience and versatility in Hamilton's Downtown core. With 1,676 sq.ft. including 4 bedrooms, 2 bathrooms and 2 kitchens, it offers the ideal setup for maximizing rental potential. Whether you're seeking a savvy investment or a comfortable home to reside in and rent out the other unit, this property promises a great opportunity. CAN BE PURCHASED WITH 55 CANNON ST W. Located in a fantastic downtown location on a bus route, close to West Harbour Front GO station, restaurants. Lock St, trendy shops, and schools.
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Property Features
Hospital, Place Of Worship, Public Transit, School
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
1500-2000
Lot Size
20' x 75'
Acreage
< .50
Fronting
South
Taxes
$3,552 (2023)
Basement
Finished, Full
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Driveway
None
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 12.37' x 12.47' | |
| Kitchen | Main | 15.62' x 17.16' | |
| Br | Main | 12.04' x 12.30' | |
| Br | Main | 12.20' x 12.86' | |
| Br | Bsmt | 12.60' x 12.76' | |
| Living | 2nd | 15.35' x 12.20' | |
| Kitchen | 2nd | 8.76' x 15.22' | |
| Br | 2nd | 12.96' x 10.99' |
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Hamilton Market Statistics
Hamilton Price Trend
55 Cannon St W is a 3-bedroom 2-bathroom home listed for sale at $499,900, which is $369,040 (42.5%) lower than the average sold price of $868,940 in the last 30 days (March 29 - April 27). During the last 30 days the average sold price for a 3 bedroom home in Hamilton increased by $63,178 (7.8%) compared to the previous 30 day period (February 28 - March 28) and up $13,016 (1.5%) from the same time one year ago.Inventory Change
There were 323 3-bedroom homes listed in Hamilton over the last 30 days (March 29 - April 27), which is down 0.0% compared with the previous 30 day period (February 28 - March 28) and up 43.6% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Hamilton typically sold ($6,972) (0.8%) below asking price over the last 30 days (March 29 - April 27), which represents a $1,603 increase compared to the previous 30 day period (February 28 - March 28) and ($5,684) 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 3-bedroom homes in Hamilton over the last 30 days (March 29 - April 27) stood at 88.2%, up from 70.3% over the previous 30 days (February 28 - March 28) and down from 101.8% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom home in Hamilton stood at 23 days when successfully sold over the last 30 days (March 29 - April 27), compared to 49 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Escarpment Golfi Realty Inc.
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