70 Ward Ave
Ainslie Wood, Hamilton, L8S 2E9
FOR SALE
$695,000
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5 + 1
BEDROOMS2
BATHROOMS1 + 1
KITCHENS7 + 1
ROOMSX9047325
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Property Description
Incredible student housing investment, walking distance to University! This furnished property is the perfect opportunity for investors seeking a reliable income stream. The main and second levels feature five bedrooms, and a small common room providing space for students to study and relax. Additionally, the property includes a fully separate basement apartment with its own private entrance and kitchen, ideal for additional rental income or as a living space for a resident manager. Tenants will appreciate the large yard, perfect for outdoor activities and social gatherings. The property is conveniently located close to bus routes and shopping plazas, making daily commutes and errands effortless. Exceptional investment opportunity in a prime location!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-01-15 | 2024-02-07 | 23 | $749,000 | - | Suspended |
| 2023-09-08 | 2023-12-28 | 111 | $799,000 | - | Expired |
| 2020-01-27 | 2020-03-05 | 38 | $489,900 | $475,000 | Sold |
Property Features
Public Transit, School
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Property Details
Street
Community
City
Property Type
Detached, 1 1/2 Storey
Approximate Sq.Ft.
1100-1500
Lot Size
25' x 100'
Acreage
< .50
Fronting
North
Taxes
$4,470 (2024)
Basement
Apartment, Sep Entrance
Exterior
Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Driveway
None
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 9.32' x 10.33' | |
| Kitchen | Main | 10.33' x 11.58' | |
| Br | Main | 9.32' x 10.33' | |
| Br | Main | 9.32' x 12.60' | |
| Br | 2nd | 7.35' x 9.32' | |
| Br | 2nd | 8.17' x 9.32' | |
| Br | Bsmt | 9.32' x 13.48' | |
| Br | Main | 6.07' x 12.60' |
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Hamilton Market Statistics
Hamilton Price Trend
70 Ward Ave is a 5-bedroom 2-bathroom home listed for sale at $695,000, which is $383,566 (35.6%) lower than the average sold price of $1,078,566 in the last 30 days (August 20 - September 18). During the last 30 days the average sold price for a 5 bedroom home in Hamilton increased by $63,795 (6.3%) compared to the previous 30 day period (July 21 - August 19) and up $102,476 (10.5%) from the same time one year ago.Inventory Change
There were 49 5-bedroom homes listed in Hamilton over the last 30 days (August 20 - September 18), which is up 69.0% compared with the previous 30 day period (July 21 - August 19) and up 36.1% compared with the same period last year.Sold Price Above/Below Asking ($)
5-bedroom homes in Hamilton typically sold ($73,710) (6.8%) below asking price over the last 30 days (August 20 - September 18), which represents a $75,127 decrease compared to the previous 30 day period (July 21 - August 19) and ($35,207) 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 5-bedroom homes in Hamilton over the last 30 days (August 20 - September 18) stood at 30.6%, up from 24.1% over the previous 30 days (July 21 - August 19) and up from 30.6% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 2-bathroom home in Hamilton stood at 48 days when successfully sold over the last 30 days (August 20 - September 18), compared to 84 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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