56 Cambridge Ave
Crown Point, Hamilton, L8H 1T6
FOR SALE
$499,990
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3 + 1
BEDROOMS2
BATHROOMS1 + 1
KITCHENS7
ROOMSX8299334
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Property Description
ATTENTION INVESTORS & FIRST TIME BUYERS! Welcome to this delightful bungalow nestled in the heart of Hamilton. This home features 3 cozy bedrooms on the main floor, with an additional 1 Bed unit in the basement, perfect for a family looking for a mortgage helper or an investor!The main floor boasts a bright and spacious living room, ideal for relaxing or entertaining. The kitchen is equipped with modern Stainless steel appliances and offers ample counter and storage space. Enjoy the convenience of two full bathrooms, one in each unit, ensuring comfort and accessibility for all residents. This home is close to schools, parks, shopping, and public transit, offering both convenience and comfort. Don't miss out on this fantastic opportunity to own a charming home in a sought-after location!
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Extras
RENOVATIONS (2021) AC (2023) both units have separate laundry*
Property Features
Hospital, Library, Park, Place Of Worship, Public Transit, School
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Approximate Sq.Ft.
700-1100
Lot Size
25' x 100'
Acreage
< .50
Fronting
South
Taxes
$2,310 (2023)
Basement
Finished, Sep Entrance
Exterior
Concrete, Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Driveway
None
Garage Type
None
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Hamilton Market Statistics
Hamilton Price Trend
56 Cambridge Ave is a 3-bedroom 2-bathroom home listed for sale at $499,990, which is $354,210 (41.5%) lower than the average sold price of $854,200 in the last 30 days (April 14 - May 13). During the last 30 days the average sold price for a 3 bedroom home in Hamilton declined by $2,298 (0.3%) compared to the previous 30 day period (March 15 - April 13) and down $15,454 (1.8%) from the same time one year ago.Inventory Change
There were 411 3-bedroom homes listed in Hamilton over the last 30 days (April 14 - May 13), which is up 52.2% compared with the previous 30 day period (March 15 - April 13) and up 58.7% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Hamilton typically sold ($5,864) (0.7%) below asking price over the last 30 days (April 14 - May 13), which represents a $1,949 decrease compared to the previous 30 day period (March 15 - April 13) and ($1,355) 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 (April 14 - May 13) stood at 57.4%, down from 93.3% over the previous 30 days (March 15 - April 13) and down from 86.9% 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 22 days when successfully sold over the last 30 days (April 14 - May 13), compared to 47 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Signature Realty
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