242 Wellington St N

Central, Hamilton, L8L 5A7
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242 Wellington St N, Hamilton
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3
BEDROOMS
2
BATHROOMS
2
KITCHENS
7
ROOMS
X3762495
MLSID
Contact Us
Property Description
Opportunity To Purchase Property W/ Potential For Excellent Cash Flow And Build Equity. Home Was Used As 2 Family Building W/ Separate Hydro Meters. Easily Used As Single-Family Or Consider Inlaw Suite Options. Buyer To Conduct Due Diligence On Use. Close To Conveniences And Hospital. Excellent Value For Area. Detached Rear Garage. Parking For 3 Vehicles
Property Details
Community
Property Type
Detached, 2-Storey
Lot Size
20' x 137'
Fronting
East
Taxes
$1,599 (2016)
Basement
Full, Sep Entrance
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
2
Driveway
Lane
Garage Type
Detached
Room Summary
RoomLevelSizeFeatures
KitchenMain9.51' x 10.01'
LivingMain10.99' x 10.01'
BrMain14.99' x 14.01'
BrMain10.01' x 8.99'
BathroomMain4.99' x 6.99'
Br2nd14.99' x 14.01'
Living2nd12.99' x 12.01'
Kitchen2nd9.51' x 10.01'
Bathroom2nd4.99' x 6.99'
Hamilton Market Statistics
Hamilton Price Trend
242 Wellington St N is a 3-bedroom 2-bathroom home listed for sale at $329,900, which is $552,842 (62.6%) lower than the average sold price of $882,742 in the last 30 days (March 26 - April 24). During the last 30 days the average sold price for a 3 bedroom home in Hamilton increased by $75,128 (9.3%) compared to the previous 30 day period (February 25 - March 25) and up $28,087 (3.3%) from the same time one year ago.
Inventory Change
There were 316 3-bedroom homes listed in Hamilton over the last 30 days (March 26 - April 24), which is up 6.0% compared with the previous 30 day period (February 25 - March 25) and up 55.7% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Hamilton typically sold ($6,644) (0.8%) below asking price over the last 30 days (March 26 - April 24), which represents a $3,736 increase compared to the previous 30 day period (February 25 - March 25) and ($7,434) 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 3-bedroom homes in Hamilton over the last 30 days (March 26 - April 24) stood at 88.6%, up from 71.8% over the previous 30 days (February 25 - March 25) and down from 112.3% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom home in Hamilton stood at 21 days when successfully sold over the last 30 days (March 26 - April 24), compared to 49 days before being removed from the market upon being suspended or terminated.
Listing contracted with New World 2000 Realty Inc., Brokerage
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