942 Upper Gage Ave
Greeningdon, Hamilton, L8V 4K9
FOR SALE
$849,900
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Property Description
Rare legal triplex perfectly situated in a prime Hamilton Mountain location! This unique property offers a fantastic investment opportunity with three separate units on an oversized lot, just moments away from essential amenities. The main floor unit features a spacious layout with two bedrooms, a full bathroom, and convenient laundry facilities - this unit could easily be split to add a 4th unit. On the upper level, you'll find two additional units, each offering one bedroom and one bathroom. The property also includes a detached garage that generates additional revenue, enhancing the investment appeal. Vacant possession will be provided on closing! Don't miss out on this rare opportunity to own a lucrative rental property.
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Property Features
Hospital, Library, Park, Place Of Worship, Public Transit, School
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Property Details
Street
Community
City
Property Type
Triplex, 2-Storey
Approximate Sq.Ft.
1500-2000
Lot Size
63' x 173'
Acreage
< .50
Fronting
West
Taxes
$4,226 (2023)
Basement
Sep Entrance
Exterior
Alum Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
6
Driveway
Private
Garage Type
Detached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Main | 10.33' x 12.34' | |
| Dining | Main | 14.93' x 7.84' | |
| Br | Main | 12.34' x 7.35' | |
| Living | Main | 17.85' x 13.91' | |
| Br | Main | 11.91' x 9.84' | |
| Kitchen | 2nd | 11.75' x 16.93' | |
| Living | 2nd | 8.76' x 10.01' | |
| Dining | 2nd | 8.76' x 6.92' | |
| Br | 2nd | 7.25' x 13.58' | |
| Kitchen | 2nd | 8.76' x 14.24' | |
| Living | 2nd | 13.25' x 12.07' | |
| Br | 2nd | 10.66' x 8.23' |
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Hamilton Market Statistics
Hamilton Price Trend
942 Upper Gage Ave is a 4-bedroom 3-bathroom home listed for sale at $849,900, which is $142,866 (14.4%) lower than the average sold price of $992,766 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 4 bedroom home in Hamilton declined by $120,356 (10.8%) compared to the previous 30 day period (December 22 - January 20) and down $41,454 (4.0%) from the same time one year ago.Inventory Change
There were 145 4-bedroom homes listed in Hamilton over the last 30 days (January 21 - February 19), which is up 51.0% compared with the previous 30 day period (December 22 - January 20) and up 33.0% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Hamilton typically sold ($18,680) (1.9%) below asking price over the last 30 days (January 21 - February 19), which represents a $20,436 increase compared to the previous 30 day period (December 22 - January 20) and ($26,274) 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 4-bedroom homes in Hamilton over the last 30 days (January 21 - February 19) stood at 47.6%, up from 45.8% over the previous 30 days (December 22 - January 20) and down from 84.4% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 3-bathroom home in Hamilton stood at 22 days when successfully sold over the last 30 days (January 21 - February 19), compared to 72 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Escarpment Realty Inc.,
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