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Property Description
This raised bungalow offers a rare opportunity to invest in a property with both residential charm and commercial potential. Recently renovated with a new kitchen featuring stainless steel LG appliances and hardwood floors throughout, this home is perfect for those looking to make it their own. With 3+1 bedrooms, 2 full bathrooms, and a finished basement apartment with a separate entrance, it also provides rental income potential.While some updates are needed to unlock its full value, the property is priced to reflect this, making it an excellent investment. Recent upgrades include new windows (2021), shingles (2015), modern fixtures, and expansive concrete access stairs.What truly sets this property apart is its commercial zoning, offering the possibility to develop a mid-rise office building. With its location on a spacious lot, this is the perfect site for a business venture or long-term investment.Whether you're looking for a property to renovate and enjoy as a home or an opportunity to build and develop, this property offers endless possibilities.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2022-08-30 | 2022-11-02 | 65 | $679,999 | $645,000 | Sold |
Extras
Fridge x 2, Stove x 2, dishwasher, Washer & Dryer, All Light fixtures, All Window Coverings, Gazebo in Backyard.
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Property Details
Street
Community
City
Property Type
Detached, Bungalow-Raised
Lot Size
30' x 108'
Fronting
East
Taxes
$4,200 (2024)
Basement
Finished, Sep Entrance
Exterior
Brick Front
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Private
Garage Type
Attached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Family | Main | 12.01' x 16.01' | |
| Dining | Main | 7.58' x 10.01' | |
| Kitchen | Main | 10.01' x 12.40' | |
| Br | Main | 10.01' x 12.99' | |
| 2nd Br | Main | 8.43' x 10.01' | |
| 3rd Br | Main | 8.43' x 10.01' | |
| Bathroom | Main | 3.28' x 3.28' | |
| Bathroom | Bsmt | 3.28' x 3.28' | |
| Kitchen | Bsmt | 9.42' x 13.25' | |
| Laundry | Bsmt | 6.43' x 7.41' | |
| 4th Br | Bsmt | 10.01' x 22.01' |
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Hamilton Market Statistics
Hamilton Price Trend
574 Upper Sherman Ave is a 3-bedroom 2-bathroom home listed for sale at $699,900, which is $46,899 (6.3%) lower 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 Right At Home Realty
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