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6 + 2
BEDROOMS8
BATHROOMS6 + 2
KITCHENS19 + 4
ROOMSX8135136
MLSIDContact Us
Property Description
Investment Opportunity! 8-unit apartment building in Central Downtown Hamilton close to Tim Horton's Field. Fully rented with 7 one-bedroom units and 1 bachelor unit. 5 units have been renovated in the last few years. Roof was done in 2017. Separate hydro meters (tenants pay hydro) and separate water heaters. 4 parking spots, with 2 of them currently rented. Easy access to public transportation. Public Laundromat right next door.
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Property Features
Place Of Worship, Public Transit, School
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Property Details
Street
Community
City
Property Type
Multiplex, 3-Storey
Approximate Sq.Ft.
5000+
Lot Size
36' x 103'
Acreage
< .50
Fronting
South
Taxes
$14,767 (2023)
Basement
None
Exterior
Brick
Heat Type
Radiant
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
4
Driveway
Lane
Garage Type
None
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Hamilton Market Statistics
Hamilton Price Trend
976 King St E is a 6-bedroom 8-bathroom home listed for sale at $1,595,000, which is $23,175 (1.5%) higher than the average sold price of $1,571,825 in the last 30 days (April 3 - May 2). During the last 30 days the average sold price for a 6 bedroom home in Hamilton increased by $222,968 (16.5%) compared to the previous 30 day period (March 4 - April 2) and up $971,875 (162.0%) from the same time one year ago.Inventory Change
There were 11 6-bedroom homes listed in Hamilton over the last 30 days (April 3 - May 2), which is down 15.4% compared with the previous 30 day period (March 4 - April 2) and up 83.3% compared with the same period last year.Sold Price Above/Below Asking ($)
6-bedroom homes in Hamilton typically sold ($64,896) (4.1%) below asking price over the last 30 days (April 3 - May 2), which represents a $21,356 decrease compared to the previous 30 day period (March 4 - April 2) and ($9,950) 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 6-bedroom homes in Hamilton over the last 30 days (April 3 - May 2) stood at 36.4%, down from 53.8% over the previous 30 days (March 4 - April 2) and up from 33.3% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 6-bedroom 8-bathroom home in Hamilton stood at 35 days when successfully sold over the last 30 days (April 3 - May 2), compared to 77 days before being removed from the market upon being suspended or terminated.Listing contracted with Sutton Group Innovative Realty Inc.
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