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Property Description
We are pleased to offer for sale 760 Main St. E presenting a unique opportunity for a buy and hold investor seeking a turnkey property. The three-story purpose-built apartment building features 6 two-bedroom units and 2 one-bedroom units as well as 6 parking spots and a storage room for additional income. All units leased at market rents to AAA+ Tenants. All of the units have been renovated to meet modern standards, including upgraded amenities, ductless mini splits AC, quartz countertops, LED lighting and vinyl flooring throughout. There were no expenses spared in upgrading the building and common elements which includes all new windows and commercial grade doors. The building operates on a master key system. Building is managed well with fire inspections and pest control up to date, no deferred maintenance. Look no further, this exceptional building is an ideal investment for buyers seeking a profitable and sustainable income-generating asset.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-05-29 | 2023-12-01 | 186 | $2,949,900 | - | Terminated |
| 2020-12-15 | 2021-02-23 | 73 | $1,549,900 | $1,475,000 | Sold |
| 2020-10-13 | 2020-12-15 | 63 | $1,599,900 | - | Terminated |
| 2020-07-11 | 2020-09-30 | 82 | $1,599,900 | - | Expired |
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Property Details
Street
Community
City
Property Type
Multiplex, 3-Storey
Approximate Sq.Ft.
5000+
Lot Size
45' x 104'
Fronting
North
Taxes
$18,074 (2023)
Basement
Sep Entrance
Exterior
Brick, Vinyl Siding
Heat Type
Radiant
Heat Source
Gas
Air Conditioning
Wall Unit
Water
Municipal
Parking Spaces
6
Driveway
Private
Garage Type
None
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Hamilton Market Statistics
Hamilton Price Trend
760 Main St E is a 0-bedroom 8-bathroom home listed for sale at $2,699,900, which is $2,082,330 (337.2%) higher than the average sold price of $617,570 in the last 30 days (November 21 - December 20). During the last 30 days the average sold price for a 0 bedroom home in Hamilton increased by $349,237 (130.2%) compared to the previous 30 day period (October 22 - November 20) and up $217,665 (54.4%) from the same time one year ago.Inventory Change
There were 1 0-bedroom homes listed in Hamilton over the last 30 days (November 21 - December 20), which is up ∞ compared with the previous 30 day period (October 22 - November 20) and down 0.0% compared with the same period last year.Sold Price Above/Below Asking ($)
0-bedroom homes in Hamilton typically sold ($31,879) (5.2%) below asking price over the last 30 days (November 21 - December 20), which represents a $26,880 decrease compared to the previous 30 day period (October 22 - November 20) and $0 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 0-bedroom homes in Hamilton over the last 30 days (November 21 - December 20) stood at 600.0%, down from ∞ over the previous 30 days (October 22 - November 20) and up from 100.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 0-bedroom 8-bathroom home in Hamilton stood at 44 days when successfully sold over the last 30 days (November 21 - December 20), compared to 136 days before being removed from the market upon being suspended or terminated.Listing contracted with Future Group Realty Services Ltd.
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