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7
BEDROOMS7
BATHROOMS7
KITCHENS9
ROOMSX7273854
MLSIDContact Us
Property Description
Rare Investment Opportunity. Drawing and permits in place for 7 residential units. This Building is vacant with drawings and permit in place. No downtime, ready for you to build out. 6 Units All With Generous Sized Bachelors, And 1 Nicely Appointed 1 Bedroom Unit All With Separate Hydro Meters. Whether You're A New Investor Or A Seasoned One This Building Will Be A Great Addition To Any Portfolio. The cherry on top is the City of Hamilton investing in Kenilworth, means there are a number of grants available for additional savings. There Is A Massive Amount Of Value Add Potential To Choose Your Own Tenants And Get Market Rents. Located Close To Tim Horton's Field, Schools, Recreation Centre, Gage Park, Shopping And So Much More. Note: Property must be purchased with 96 Kenilworth Ave N.
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Property Details
Street
Community
City
Property Type
Multiplex, 2-Storey
Lot Size
30' x 100'
Acreage
< .50
Fronting
East
Taxes
$5,183 (2023)
Basement
Unfinished
Exterior
Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
3
Driveway
Private
Garage Type
None
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Hamilton Market Statistics
Hamilton Price Trend
94 Kenilworth Ave N is a 7-bedroom 7-bathroom home listed for sale at $1, which is $999,999 (100.0%) lower than the average sold price of $1,000,000 in the last 30 days (March 29 - April 27). During the last 30 days the average sold price for a 7 bedroom home in Hamilton increased by $23,400 (2.4%) compared to the previous 30 day period (February 28 - March 28) and down $50,000 (4.8%) from the same time one year ago.Inventory Change
There were 2 7-bedroom homes listed in Hamilton over the last 30 days (March 29 - April 27), which is down 50.0% compared with the previous 30 day period (February 28 - March 28) and down 0.0% compared with the same period last year.Sold Price Above/Below Asking ($)
7-bedroom homes in Hamilton typically sold $1 (0.0%) above asking price over the last 30 days (March 29 - April 27), which represents a $62,401 increase compared to the previous 30 day period (February 28 - March 28) and ($65,000) 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 7-bedroom homes in Hamilton over the last 30 days (March 29 - April 27) stood at 150.0%, up from 25.0% over the previous 30 days (February 28 - March 28) and up from 50.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 7-bedroom 7-bathroom home in Hamilton stood at 59 days when successfully sold over the last 30 days (March 29 - April 27), compared to 100 days before being removed from the market upon being suspended or terminated.Listing contracted with Keller Williams Signature Realty
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