942 Upper Gage Ave

FOR SALE
$899,900
942 Upper Gage Ave, Hamilton
942 Upper Gage Ave
942 Upper Gage Ave
942 Upper Gage Ave
942 Upper Gage Ave
942 Upper Gage Ave
942 Upper Gage Ave
942 Upper Gage Ave
942 Upper Gage Ave
942 Upper Gage Ave
942 Upper Gage Ave
942 Upper Gage Ave
942 Upper Gage Ave
942 Upper Gage Ave
942 Upper Gage Ave
942 Upper Gage Ave
942 Upper Gage Ave
942 Upper Gage Ave
942 Upper Gage Ave
942 Upper Gage Ave
942 Upper Gage Ave
942 Upper Gage Ave
942 Upper Gage Ave
942 Upper Gage Ave
942 Upper Gage Ave
942 Upper Gage Ave
942 Upper Gage Ave
942 Upper Gage Ave
942 Upper Gage Ave
942 Upper Gage Ave
942 Upper Gage Ave
942 Upper Gage Ave
942 Upper Gage Ave
942 Upper Gage Ave
942 Upper Gage Ave
942 Upper Gage Ave
942 Upper Gage Ave
942 Upper Gage Ave
942 Upper Gage Ave
942 Upper Gage Ave
942 Upper Gage Ave
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4
BEDROOMS
3
BATHROOMS
3
KITCHENS
14
ROOMS
X9396363
MLSID
Contact Us
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.
Property Features
Hospital, Library, Park, Place Of Worship, Public Transit, School
Property Details
Community
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
Room Summary
RoomLevelSizeFeatures
KitchenMain10.33' x 12.34'
DiningMain14.93' x 7.84'
BrMain12.34' x 7.35'
LivingMain17.85' x 13.91'
BrMain11.91' x 9.84'
Kitchen2nd11.75' x 16.93'
Living2nd8.76' x 10.01'
Dining2nd8.76' x 6.92'
Br2nd7.25' x 13.58'
Kitchen2nd8.76' x 14.24'
Living2nd13.25' x 12.07'
Br2nd10.66' x 8.23'
Hamilton Market Statistics
Hamilton Price Trend
942 Upper Gage Ave is a 4-bedroom 3-bathroom home listed for sale at $899,900, which is $184,664 (17.0%) lower than the average sold price of $1,084,564 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 4 bedroom home in Hamilton declined by $89,830 (7.6%) compared to the previous 30 day period (September 21 - October 20) and up $76,004 (7.5%) from the same time one year ago.
Inventory Change
There were 172 4-bedroom homes listed in Hamilton over the last 30 days (October 21 - November 19), which is down 14.0% compared with the previous 30 day period (September 21 - October 20) and up 17.8% compared with the same period last year.
Sold Price Above/Below Asking ($)
4-bedroom homes in Hamilton typically sold ($26,401) (2.4%) below asking price over the last 30 days (October 21 - November 19), which represents a $6,597 increase compared to the previous 30 day period (September 21 - October 20) and ($22,601) 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 4-bedroom homes in Hamilton over the last 30 days (October 21 - November 19) stood at 54.7%, up from 43.0% over the previous 30 days (September 21 - October 20) and up from 43.8% 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 33 days when successfully sold over the last 30 days (October 21 - November 19), compared to 67 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Escarpment Realty Inc.,
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