2846 King Street East St

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2846 King Street East St, Hamilton
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5 + 1
BEDROOMS
2
BATHROOMS
1
KITCHENS
16 + 1
ROOMS
X3735503
MLSID
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Property Description
The Chester Nash House, A Landmark In Stoney Creek, Sitting On A 1/2 Acre Lot On Prime King St And Boasts A Mixed Use Residential/Commercial Zoning. Massive Two-Tiered Deck In Back And Huge Parking Lot On The Side With 20 Parking Spaces. Ideal Location Near Mcmaster & Brock Universities, Mohawk College, Wine Country, Excellent Income Potential: Rent As Student Housing, Or Restaurant/Pub, Bar, Coffee House, Offices Or Live/Work
Extras
Stainless Steel Gas Stove (Wolf) Fridge, Dishwasher, W&D, Stained Glass, Original Moldings, Hardwood Floors, Can Convert To Restaurant, Bar, Pub, B&B, Coffee House, Medi-Spa, Yoga Retreat, Massage Clinic, Hair Salon, Professional Offices,
Property Details
Community
Property Type
Detached, 3-Storey
Approximate Sq.Ft.
3500-5000
Lot Size
88' x 240'
Acreage
.50-1.99
Lot Irregularities
114 Ft X 240 Ft
Fronting
South
Taxes
$4,223 (2016)
Basement
Finished
Exterior
Brick
Heat Type
Radiant
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
20
Driveway
Private
Garage Type
None
Room Summary
RoomLevelSizeFeatures
KitchenMain12.14' x 20.01'Stainless Steel Appl
FoyerMain17.06' x 12.14'Sliding Doors
LivingMain12.14' x 16.08'Fireplace
DiningMain14.11' x 16.08'Stained Glass
SunroomMain7.22' x 12.14'Walk-Out
Master2nd13.12' x 16.08'
2nd Br2nd13.12' x 14.76'
3rd Br2nd12.14' x 10.17'
4th Br2nd10.50' x 10.17'
5th BrLower13.12' x 16.08'
RecLower24.93' x 17.06'Wood Floor
GamesUpper22.97' x 37.07'Renovated
Hamilton Market Statistics
Hamilton Price Trend
2846 King Street East St is a 5-bedroom 2-bathroom home listed for sale at $1,250,000, which is $166,701 (15.4%) higher than the average sold price of $1,083,299 in the last 30 days (February 27 - March 27). During the last 30 days the average sold price for a 5 bedroom home in Hamilton declined by $369,001 (25.4%) compared to the previous 30 day period (January 28 - February 26) and down $66,720 (5.8%) from the same time one year ago.
Inventory Change
There were 31 5-bedroom homes listed in Hamilton over the last 30 days (February 27 - March 27), which is up 6.9% compared with the previous 30 day period (January 28 - February 26) and up 40.9% compared with the same period last year.
Sold Price Above/Below Asking ($)
5-bedroom homes in Hamilton typically sold ($48,077) (4.4%) below asking price over the last 30 days (February 27 - March 27), which represents a $25,296 increase compared to the previous 30 day period (January 28 - February 26) and ($56,999) 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 5-bedroom homes in Hamilton over the last 30 days (February 27 - March 27) stood at 64.5%, down from 69.0% over the previous 30 days (January 28 - February 26) and down from 72.7% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 2-bathroom home in Hamilton stood at 52 days when successfully sold over the last 30 days (February 27 - March 27), compared to 85 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Hallmark Realty Ltd., Brokerage
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