62 Melbourne St
Kirkendall, Hamilton, L8P 2A6
FOR SALE
$699,900
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Property Description
Nestled on the charming Melbourne Street, just steps away from the vibrant restaurants and boutique shops of Locke Street, this cute home offers incredible potential for savvy investors. Sitting on a rare double-wide lot, it presents a prime opportunity for redevelopment. Whether you're looking to renovate or build on both lots, the possibilities are endless. Its desirable location provides quick access to highways, bus routes, and the lively atmosphere of one of Hamilton's most sought-after neighborhoods. Don't miss out on this great investment opportunity to create something special!
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Property Features
Golf, Park, Place Of Worship, Public Transit, School
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Approximate Sq.Ft.
< 700
Lot Size
50' x 140'
Fronting
North
Taxes
$7,205 (2024)
Basement
Finished, Full
Exterior
Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Front Yard
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 11.15' x 13.09' | Laminate |
| Prim Bdrm | Main | 9.09' x 14.01' | Laminate |
| Kitchen | Main | 10.40' x 15.58' | Vinyl Floor |
| Rec | Bsmt | 9.84' x 10.17' | |
| Laundry | Bsmt | 4.66' x 13.58' | |
| Br | Bsmt | 10.50' x 21.59' |
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Hamilton Market Statistics
Hamilton Price Trend
62 Melbourne St is a 1-bedroom 1-bathroom home listed for sale at $699,900, which is $34,675 (4.7%) lower than the average sold price of $734,575 in the last 30 days (October 1 - October 30). During the last 30 days the average sold price for a 1 bedroom home in Hamilton increased by $249,575 (51.5%) compared to the previous 30 day period (September 1 - September 30) and up $224,575 (44.0%) from the same time one year ago.Inventory Change
There were 7 1-bedroom homes listed in Hamilton over the last 30 days (October 1 - October 30), which is up 16.7% compared with the previous 30 day period (September 1 - September 30) and down 12.5% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom homes in Hamilton typically sold ($325) (0.0%) below asking price over the last 30 days (October 1 - October 30), which represents a $29,675 increase compared to the previous 30 day period (September 1 - September 30) and ($39,630) 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 1-bedroom homes in Hamilton over the last 30 days (October 1 - October 30) stood at 57.1%, up from 16.7% over the previous 30 days (September 1 - September 30) and up from 37.5% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 1-bedroom 1-bathroom home in Hamilton stood at 21 days when successfully sold over the last 30 days (October 1 - October 30), compared to 26 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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