86 Whitney Ave
Ainslie Wood, Hamilton, L8S 2G5
FOR SALE
$949,800
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5 + 4
BEDROOMS3
BATHROOMS1 + 1
KITCHENS6
ROOMSX11915622
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Property Description
Turn-key opportunity close to McMaster University. This fully licensed, legal two-family detached home is a rare find for savvy investors or parents of McMaster University students! Thoughtfully updated and ready to go, this property offers over 1950 sq. ft. of total finished living space, including a fully finished legal secondary basement suite with a separate entrance, its own kitchen, and private laundry. Nestled within walking distance of McMaster University, this gem boasts recent upgrades: 2023 roof and attic insulation, 2022 front porch stairs and railings, and 2019 basement waterproofing with weeping tiles. The new legal-size basement window wells ensure safety and natural light for future tenants. With a spacious asphalt driveway fitting up to three cars, two City of Hamilton rental licenses for separate units, and unbeatable proximity to campus, this property is perfect for multiple scenarios: Investors can start collecting rent immediately with no work needed. Parents of McMaster students can secure a safe, comfortable home for their kids while building equity. Families can enjoy the main level and supplement income by leasing the basement. Bonus potential: A possibility to convert the attic into additional living space (buyer due diligence) Large 55.5 ft. by 100 ft. lot with huge back yard with potential.
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2024-05-30 | 2024-06-28 | 29 | $939,000 | - | Terminated |
Property Features
Hospital, Library, Park, Public Transit
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Approximate Sq.Ft.
700-1100
Lot Size
55' x 100'
Acreage
< .50
Fronting
North
Taxes
$6,707 (2024)
Basement
Finished, Sep Entrance
Exterior
Brick
Heat Type
Baseboard
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
3
Driveway
Private
Garage Type
None
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Br | Main | 11.58' x 10.01' | |
Br | Main | 11.52' x 10.01' | |
Br | Main | 11.42' x 8.60' | |
Br | Main | 11.42' x 7.84' | |
Kitchen | Main | 18.24' x 15.42' | Combined W/Dining |
Kitchen | Bsmt | 17.16' x 15.26' | Combined W/Dining |
Br | Bsmt | 14.76' x 10.66' | |
Br | Bsmt | 10.07' x 10.99' | |
Br | Bsmt | 11.84' x 11.42' | |
Br | Bsmt | 9.32' x 12.17' |
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Hamilton Market Statistics
Hamilton Price Trend
86 Whitney Ave is a 5-bedroom 3-bathroom home listed for sale at $949,800, which is $260,925 (37.9%) higher than the average sold price of $688,875 in the last 30 days (December 16 - January 14). During the last 30 days the average sold price for a 5 bedroom home in Hamilton declined by $672,710 (49.4%) compared to the previous 30 day period (November 16 - December 15) and down $1,175,604 (63.1%) from the same time one year ago.Inventory Change
There were 21 5-bedroom homes listed in Hamilton over the last 30 days (December 16 - January 14), which is down 38.2% compared with the previous 30 day period (November 16 - December 15) and up 162.5% compared with the same period last year.Sold Price Above/Below Asking ($)
5-bedroom homes in Hamilton typically sold ($4,825) (0.7%) below asking price over the last 30 days (December 16 - January 14), which represents a $39,432 increase compared to the previous 30 day period (November 16 - December 15) and ($107,720) 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 (December 16 - January 14) stood at 38.1%, down from 41.2% over the previous 30 days (November 16 - December 15) and down from 50.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 3-bathroom home in Hamilton stood at 35 days when successfully sold over the last 30 days (December 16 - January 14), compared to 89 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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