5 Hamilton homes that just sold for less than $350,000
Published March 2, 2023 at 1:32 pm
It is possible to find a home in Hamilton for under or just around $300,000 as the market continues to cool.
The availability of housing in Hamilton is a problem. That said, the average sold price, at last report in January, was $750,529 — which is about 4 per cent higher than 24 months earlier, while also representing a 26-per-cent decrease from the peak of $1,013 million in February 2022.
Per Zoocasa, which is a real estate website, several homes in the city changed hands for less than half the average sold price. Here are some of the details of those sales:
107 St. Joseph’s Dr. (Corktown neighbourhood; condominium)
Re/Max Escarpment Realty
This one-bedroom, one-bathroom condominium on under 600 square feet of space is located in Hillview Terrace, a co-op building in a cul-de-sac in the Corktown neighbourhood (between downtown Hamilton and the recreational trails along the Niagara Escarpment). It sold for $235,500 — about $6,500 above asking — and includes ensuite laundry, a covered balcony, and covered parking with an automatic garage door laundry. The interior is open concept and uncarpeted.
285 King St. W. (Central; condominium)
Location appears to be the name of the game for this condo, which is also a one-bedroom, one-bathroom domicile on under 600 square feet. It recently sold for $270,000 and is located close to Hess Village, Locke St. S., and Hamilton waterfront, and the West Harbour GO Station. The condo grades out well for non-car-travel, earning a 77-84-84 score for walkability, transit access and bike-friendliness. The interior of the 1928-vintage building includes a large bedroom, a recently renovated kitchen, and a decorative fireplace.
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161 Kenilworth Ave. N. (Crown Point East; detached)
This one-bedroom bungalow, which clearly comes advertised as an fixer-upper, recently sold for an even $300,000. The seller, Re/Max Escarpment Realty, touted the home as a “prime opportunity” for builders, downsizers, first time buyers, and renovators. It is also offers combined commercial-residential potential. Like many properties in Crown Point, it is located on a fairly large rectangular lot, measuring 25 by 95 feet.
150 Charlton Ave. (Corktown; condominium)
There is a lot packed into this centrally located one-bed, one-bath condo, which recently sold for $300,000 — 25 grand below asking. The unit is located in a 27-storeys tower that offers a billiards room, party room, media room, indoor pool, and gym. The condo unit has a bright, sun-lit living-dining area that offers an Escarpment view. The recently updated eat-in kitchen includes stainless steel appliances and a breakfast bar. The maintenance fees ($541), taxes ($1,370), and per-square-foot price ($590) run a bit steeper than the two aforementioned condo units.
155 Selkirk Ave. (Normanhurst; detached)
This cozy two-bedroom, one-bath bungalow in East Hamilton recently sold for $305,000. It has an attached garage and a fenced-in backyard with a covered patio and a garden shed that has a hydro hook-up. On the inside, there is a galley kitchen, a gas fireplace, and a skylight. At 700 to 1,100 sq. ft. in size, and without onsite laundry, it came advertised as an ideal buy for “first-time home buyers, investors, (or) renovators.”
Images: Judy Marsales Real Estate; Keller Williams Edge Realty; Re/Max Escarpment Realty; Royal Lepage Burloak Real Estate Services. All information sourced from Zoocasa.
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