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BEDROOMS2
BATHROOMS2
KITCHENS11
ROOMSX8189394
MLSIDContact Us
Property Description
This property presents an exceptional opportunity for both budding and seasoned investors seeking to enhance their portfolio with a turn-key solution that promises not only aesthetic appeal but also financial viability. Spanning across approximately 1,200 square feet above grade, this meticulously maintained property boasts modern renovations completed within the last three years. This property features an array of finishings that include quartz countertops, subway tile backsplashes, vinyl plank flooring and stainless steel appliances. To help with expenses, the property has a full operating in-law suite in the basement with a separate entrance. Located on a pristine and quiet street, this property is located in a prime area of Central Hamilton. Buyer to do due diligence on zoning and legal use.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-03-01 | 2024-04-01 | 36 | $715,888 | - | Suspended |
| 2024-03-01 | 2024-04-01 | 36 | $715,888 | - | Suspended |
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Property Details
Street
Community
City
Property Type
Duplex, 1 1/2 Storey
Approximate Sq.Ft.
1100-1500
Lot Size
30' x 120'
Fronting
East
Taxes
$4,537 (2023)
Basement
Finished
Exterior
Brick
Heat Type
Baseboard
Heat Source
Electric
Air Conditioning
None
Water
Municipal
Parking Spaces
1
Driveway
Available
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Bathroom | Main | 32.81' x 32.81' |
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Hamilton Market Statistics
Hamilton Price Trend
81 Colbourne St is a 5-bedroom 2-bathroom home listed for sale at $699,888, which is $576,028 (45.1%) lower than the average sold price of $1,275,916 in the last 30 days (April 2 - May 1). During the last 30 days the average sold price for a 5 bedroom home in Hamilton increased by $145,601 (12.9%) compared to the previous 30 day period (March 3 - April 1) and up $319,063 (33.3%) from the same time one year ago.Inventory Change
There were 47 5-bedroom homes listed in Hamilton over the last 30 days (April 2 - May 1), which is up 67.9% compared with the previous 30 day period (March 3 - April 1) and up 261.5% compared with the same period last year.Sold Price Above/Below Asking ($)
5-bedroom homes in Hamilton typically sold ($62,604) (4.9%) below asking price over the last 30 days (April 2 - May 1), which represents a $12,523 decrease compared to the previous 30 day period (March 3 - April 1) and $14,960 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 (April 2 - May 1) stood at 38.3%, down from 67.9% over the previous 30 days (March 3 - April 1) and down from 123.1% 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 59 days when successfully sold over the last 30 days (April 2 - May 1), compared to 82 days before being removed from the market upon being suspended or terminated.Listing contracted with Exp Realty
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