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BEDROOMS3
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KITCHENS9
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Property Description
Rare Find! Immaculate 2 Units W/ Sep Hydro Meters/Panels & Entrances/Fire Seperation! 2 Units, 1X3 Bdrm Rents Apprx $1500 & 1X1 Bdrm Rents Apprx. $1100. Bsmt Has 3Pc Bath Wrapped Insulation(15). Just Finsih The Rest, Add $800-$1000/Mth. Additional Income? Cash Flow Like Crazy! Unit #1, 2nd & 3rd Flrs, 3 Bdrm + Lr, Brand New Eat-In Kitchen, Ceramic Flrs/Back Splash, With Combo Laundry & New 4Pc Bath. W/O To Balcony & Front Porch(11).
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Extras
Unit #2, 1st Flr, 1 Bdrm, Lr Beamed Ceilings, Brand New 3Pc Bath, Eat-In Kitchen, S/S Hood, New B/Splash, Laundry (F/L-W/D), W/O To Deck! Vacant Possession. Set Your Own Rents! Live In 1 Unit Rent Out The Other? Windows(11-14), Furnace(06)
Property Features
Public Transit, Rec Centre
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Property Details
Street
Community
City
Property Type
Detached, 2 1/2 Storey
Lot Size
30' x 84'
Acreage
< .50
Fronting
East
Taxes
$2,200 (2017)
Basement
Full, Sep Entrance
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
3
Driveway
Private
Garage Type
None
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Hamilton Market Statistics
Hamilton Price Trend
8 Balsam Ave N is a 4-bedroom 3-bathroom home listed for sale at $499,900, which is $673,765 (57.4%) lower than the average sold price of $1,173,665 in the last 30 days (March 20 - April 18). During the last 30 days the average sold price for a 4 bedroom home in Hamilton increased by $50,601 (4.5%) compared to the previous 30 day period (February 19 - March 19) and up $23,811 (2.1%) from the same time one year ago.Inventory Change
There were 192 4-bedroom homes listed in Hamilton over the last 30 days (March 20 - April 18), which is up 19.3% compared with the previous 30 day period (February 19 - March 19) and up 48.8% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Hamilton typically sold ($30,615) (2.6%) below asking price over the last 30 days (March 20 - April 18), which represents a $7,553 decrease compared to the previous 30 day period (February 19 - March 19) and ($19,129) 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 (March 20 - April 18) stood at 59.9%, up from 54.7% over the previous 30 days (February 19 - March 19) and down from 72.9% 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 26 days when successfully sold over the last 30 days (March 20 - April 18), compared to 67 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Premier Inc., Brokerage
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