Hamilton, Westdale, L8S 1R7
$848,888$000000
Listed by ROCK STAR REAL ESTATE INC..
This move-in ready house, located just minutes from McMaster Children's Hospital and University, offers a great opportunity, especially visible from the driveway. The basement has been completely renovated, featuring interior waterproofing, an egress window, and updated electrical work. For added comfort, an air conditioning unit was installed in 2020 and the boiler was replaced in 2022. It's important to note that the buyer must assume the current tenants, with leases ending on April 30th, 2024. The property currently yields a total rent of $4,375 per month, inclusive of utilities, but has the potential to reach market rents of approximately $5,950 per month or more. This presents a compelling argument for buying over renting in this area. This property represents a valuable investment, particularly for those looking to own rather than rent in this strategic location.
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The graph below compares the average list price and average sale price of homes in this neighborhood by month for the last 24 months. When average sale price is greater than average list price, this may suggest a buyer's market. When average sale price is lower than the average list price this may suggest a seller's market.
The graph below illustrates the average days on market for homes in this neighborhood. The yellow area may indicate a buyer's market, the green area may indicate a balanced market and the red area may indicate a seller's market.
