551 EVANS Rd

FOR SALE
$1,099,000
551 EVANS Rd, Hamilton
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3 + 1
BEDROOMS
2
BATHROOMS
1
KITCHENS
7
ROOMS
X9050923
MLSID
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Property Description
Nestled in the heart of rural Hamilton, this charming 3+1 bedroom, 2 bathroom character home offers a spectacular opportunity for redevelopment. Surrounded by picturesque greenery, this property is a gardener's delight, providing ample space for outdoor activities and landscaping projects. Despite its serene, countryside setting, it remains conveniently close to amenities and within city limits, ensuring a perfect balance between tranquility and accessibility. The home, lovingly cared for by the same owner for 40 years, exudes warmth and pride of ownership. The family room, adorned with pine trim, radiates a cozy, inviting ambiance, making it an ideal space for family gatherings and relaxation. Each room is filled with natural light, creating a bright and cheerful environment throughout. Located near quaint Waterdown Village, residents can enjoy the unique local shops, cafes, and community events that the village offers. This property not only presents a comfortable living space but also holds tremendous potential for those looking to redevelop or expand. Its combination of rustic charm, prime location, and redevelopment potential makes it a rare and valuable find in the Hamilton area.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-07-23 2024-10-22 92 $1,099,000 - Expired
Property Details
Street
Community
Property Type
Detached, Bungalow-Raised
Approximate Sq.Ft.
700-1100
Lot Size
145' x 589'
Acreage
.50-1.99
Fronting
West
Taxes
$5,900 (2024)
Basement
Finished, Full
Exterior
Vinyl Siding
Heat Type
Water
Heat Source
Other
Air Conditioning
Wall Unit
Water
Well
Parking Spaces
3
Driveway
Private
Garage Type
Detached
Room Summary
RoomLevelSizeFeatures
KitchenMain10.93' x 8.92'
DiningMain8.99' x 11.32'
FamilyMain10.66' x 11.32'
LivingMain10.99' x 18.83'
Prim BdrmMain10.93' x 12.01'
BrMain10.93' x 9.84'
BrMain10.99' x 8.07'
BathroomMain7.15' x 7.15'4 Pc Bath
RecLower11.32' x 25.59'
BrLower10.93' x 17.49'
WorkshopLower19.65' x 10.99'
BathroomLower10.93' x 4.33'4 Pc Bath
Hamilton Market Statistics
Hamilton Price Trend
551 EVANS Rd is a 3-bedroom 2-bathroom home listed for sale at $1,099,000, which is $352,201 (47.2%) higher than the average sold price of $746,799 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 3 bedroom home in Hamilton declined by $87,851 (10.5%) compared to the previous 30 day period (September 21 - October 20) and down $30,098 (3.9%) from the same time one year ago.
Inventory Change
There were 331 3-bedroom homes listed in Hamilton over the last 30 days (October 21 - November 19), which is down 1.5% compared with the previous 30 day period (September 21 - October 20) and up 35.1% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Hamilton typically sold ($17,171) (2.3%) below asking price over the last 30 days (October 21 - November 19), which represents a $4,303 decrease compared to the previous 30 day period (September 21 - October 20) and ($23,304) 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 3-bedroom homes in Hamilton over the last 30 days (October 21 - November 19) stood at 81.6%, up from 49.4% over the previous 30 days (September 21 - October 20) and up from 54.3% 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 33 days when successfully sold over the last 30 days (October 21 - November 19), compared to 60 days before being removed from the market upon being suspended or terminated.
Listing contracted with Century 21 Heritage Group Ltd.
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