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Property Description
Exciting Investment Opportunity in Westdale 5+1 Bedroom Home. Located in the heart of Westdale Village and just steps away from McMaster University, this spacious 5+1 bedroom home presents an excellent opportunity for investors or those seeking an income property. With its prime location, this property is perfect for students, professionals, or families. This charming 2.5-storey home features a welcoming porch that leads into a spacious main floor with a sun-filled living area, a kitchen with a walkout to a large backyard, and a main-floor bedroom. The second floor offers three generous bedrooms and a 4-piece bathroom. The expansive third-level loft area includes a bright 4th bedroom with ample closet space. The fully finished basement adds to the appeal with a 5th bedroom, a 3-piece bath, and extra storage space. The side entry provides access to the basement, while the property also features room for four car parking. Situated on a lot that backs onto an alleyway, there's potential for additional parking or even a separate dwelling, making this property even more versatile. With close proximity to shops, transit, schools, McMaster campus, and easy highway access, this home is ideally located. This property meets all the legal requirements for a rental property in the City of Hamilton. The home is ESA certified. The current tenants are scheduled to vacate by April 30, 2025. Don't miss this incredible investment opportunity in one of Hamilton's most sought-after neighborhoods!
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Property Details
Street
Community
City
Property Type
Detached, 2 1/2 Storey
Approximate Sq.Ft.
1100-1500
Lot Size
30' x 103'
Fronting
North
Taxes
$6,755 (2024)
Basement
Finished, Full
Exterior
Brick, Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Private
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Main | 10.01' x 9.02' | |
| Living | Main | 10.01' x 12.99' | |
| 2nd Br | Main | 10.01' x 10.99' | |
| 3rd Br | 2nd | 10.01' x 10.99' | |
| 4th Br | 2nd | 10.01' x 12.99' | |
| 5th Br | 2nd | 10.01' x 9.02' | |
| Prim Bdrm | 3rd | 12.99' x 25.98' | |
| Br | Bsmt | 9.02' x 10.99' |
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Hamilton Market Statistics
Hamilton Price Trend
84 South Oval is a 5-bedroom 2-bathroom home listed for sale at $949,000, which is $35,625 (3.9%) higher than the average sold price of $913,375 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 5 bedroom home in Hamilton declined by $831,625 (47.7%) compared to the previous 30 day period (December 22 - January 20) and down $536,701 (37.0%) from the same time one year ago.Inventory Change
There were 33 5-bedroom homes listed in Hamilton over the last 30 days (January 21 - February 19), which is up 50.0% compared with the previous 30 day period (December 22 - January 20) and up 6.5% compared with the same period last year.Sold Price Above/Below Asking ($)
5-bedroom homes in Hamilton typically sold ($22,434) (2.5%) below asking price over the last 30 days (January 21 - February 19), which represents a $94,966 increase compared to the previous 30 day period (December 22 - January 20) and ($91,146) 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 5-bedroom homes in Hamilton over the last 30 days (January 21 - February 19) stood at 24.2%, up from 9.1% over the previous 30 days (December 22 - January 20) and down from 41.9% 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 18 days when successfully sold over the last 30 days (January 21 - February 19), compared to 83 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Escarpment Realty Inc.,
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