16 Magnificent Way

Binbrook, Hamilton, LOR 1C0
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16 Magnificent Way, Hamilton
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2 + 1
BEDROOMS
3
BATHROOMS
1
KITCHENS
5
ROOMS
X4162695
MLSID
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Property Description
Beautiful Open Concept Freehold Town House *No Fee* In Well Established High Demand Area, This Is A Family Community Located In Binbrook, Completely Move In Ready Feature. This House Is Very Well Maintained, Finished From Top To Bottom, 3 Bedroom, With 2.5 Baths, Master Bedroom With Ensuite, With His/Her Closest, Good Size Other Two Bedrooms, 2nd Floor Laundry Room With Washer And Dryer, Main Floor Has Hardwood Floor, The Kitchen Has Island.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2022-01-17 2022-01-18 1 $749,000 $990,000 Sold
Property Details
Community
Property Type
Att/Row/Townhouse, 2-Storey
Approximate Sq.Ft.
1100-1500
Lot Size
17' x 100'
Acreage
< .50
Fronting
East
Taxes
$2,894 (2018)
Basement
Finished, Full
Exterior
Brick, Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
1
Driveway
Private
Garage Type
Attached
Room Summary
RoomLevelSizeFeatures
LivingMain20.01' x 10.01'
KitchenMain8.83' x 16.57'Eat-In Kitchen
Master2nd14.67' x 13.48'
2nd Br2nd9.25' x 13.09'
3rd Br2nd9.25' x 10.76'
Hamilton Market Statistics
Hamilton Price Trend
16 Magnificent Way is a 2-bedroom 3-bathroom townhome listed for sale at $499,000, which is $206,270 (29.2%) lower than the average sold price of $705,270 in the last 30 days (March 26 - April 24). During the last 30 days the average sold price for a 2 bedroom townhome in Hamilton increased by $7,043 (1.0%) compared to the previous 30 day period (February 25 - March 25) and up $26,001 (3.8%) from the same time one year ago.
Inventory Change
There were 24 2-bedroom townhomes listed in Hamilton over the last 30 days (March 26 - April 24), which is down 35.1% compared with the previous 30 day period (February 25 - March 25) and up 60.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
2-bedroom townhomes in Hamilton typically sold ($3,058) (0.4%) below asking price over the last 30 days (March 26 - April 24), which represents a $3,441 increase compared to the previous 30 day period (February 25 - March 25) and ($9,563) 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 2-bedroom townhomes in Hamilton over the last 30 days (March 26 - April 24) stood at 129.2%, up from 56.8% over the previous 30 days (February 25 - March 25) and down from 173.3% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 3-bathroom townhome in Hamilton stood at 29 days when successfully sold over the last 30 days (March 26 - April 24), compared to 27 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Real Estate Centre Inc., Brokerage
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