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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. **EXTRAS** Fridge x 2, Stove x 2, dishwasher, Washer & Dryer, All Light fixtures, All Window Coverings, Gazebo in Backyard.
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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 |
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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 $105,566 (13.1%) lower than the average sold price of $805,466 in the last 30 days (January 19 - February 17). During the last 30 days the average sold price for a 3 bedroom home in Hamilton increased by $31,082 (4.0%) compared to the previous 30 day period (December 20 - January 18) and up $18,031 (2.3%) from the same time one year ago.Inventory Change
There were 285 3-bedroom homes listed in Hamilton over the last 30 days (January 19 - February 17), which is up 85.1% compared with the previous 30 day period (December 20 - January 18) and up 38.3% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Hamilton typically sold ($17,251) (2.1%) below asking price over the last 30 days (January 19 - February 17), which represents a $1,678 increase compared to the previous 30 day period (December 20 - January 18) and ($15,865) 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 (January 19 - February 17) stood at 52.3%, down from 97.4% over the previous 30 days (December 20 - January 18) and down from 85.0% 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 32 days when successfully sold over the last 30 days (January 19 - February 17), compared to 70 days before being removed from the market upon being suspended or terminated.Listing contracted with Right At Home Realty
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