Home with brick exterior material, street for 103 Briarwood Cres, Hamilton Ontario L9C 4C3
1 day on Market

103 Briarwood Cres, Hamilton, Ontario L9C 4C3

Detached
4 + 1
2
~700-1100 sqft
$899,990
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Detached
4 + 1
2
~700-1100 sqft

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Highlights

Property Estimate

Days on market1 day

Estimated valueNot available

Price/Sqft$1,052/sqft

Monthly cost

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CMA Subject Property

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+3

Properties sold*

$680K

Median sold price*

*Based on last 30 days

Description

Welcome to this fantastic investment opportunity located in a sought-after neighborhood on the West Mountain! This property features four plus one bedrooms, offering ample space for potential tenants and presenting an excellent opportunity for generating passive income. With a projected rental income of $5,000 per month, this property represents a strong investment for your portfolio. Currently, used as a rooming house, three out of five rooms are occupied, providing an immediate income stream with tenants on month-to-month leases, giving you flexibility for future plans. The property boasts a separate side entrance, enhancing privacy and convenience for tenants. You can choose to leave the property as is or take advantage of the significant potential to renovate it into a legal duplex or add additional bedrooms to the basement. Situated in a prime location, you'll find it near Buchanan Park, which offers lush green spaces ideal for outdoor activities. Its just a short distance from Mohawk College and various shopping amenities, making it particularly attractive for student rentals. Additionally, easy access to public transport ensures convenient commutes for all tenants. Don't miss this opportunity to invest in a property that combines excellent rental potential with a desirable location. Schedule a viewing today!


Property Details

StyleBungalow
View-
Age of property-
SqFt~700-1100 SqFt
Lot Size5,525 SqFt(110.29 x 50.1)
Parking Spaces5
MLS ®NumberX12336824
Community NameBuchanan
Data SourceTRREB
Listing byYOUR HOME SOLD GUARANTEED REALTY IMPERIUM

Features

Heating: Forced Air
Cooling: Central Air
Fireplace
Basement: Finished, Full

Main Floor

Kitchen

4.8 x 3.96

Combined W/Dining

Br

5.44 x 3.58

Combined W/Living / Fireplace

2nd Br

3.58 x 3.05

3rd Br

3.35 x 2.67


Features

Lot size: 5,525 SqFt

Parking

Garage spaces 1

Garage type Attached

Other parking spaces 4

Total parking spaces 5


Market Data - Buchanan

Geo Zone Map ThumbnailBuchanan

Buyer's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

18 days

Compared to

2024

81 days

2023

18 days

2022

20 days

New Listings

Past 30 days

6 listings

Compared to

2024

7 listings

2023

6 listings

2022

7 listings

Units sold

Past 30 days

3 units

Compared to

2024

3 units

2023

2 units

2022

3 units

Median Sold Price

Past 30 days

$601,000

Compared to

2024

$679,500

2023

$694,000

2022

$830,000


Population and Demographics

Overview

Total population 2553
Average household income $115,891

Age (%)

0 to 19
19%
20 to 34
25%
35 to 49
18%
50 to 64
19%
65 and plus
18%

Household composition (%)

Single family
64%
Single person
26%
Multi person
8%
Multi family
1%

Mother tongue (%)

English
80%
Italian
3%
Punjabi (Panjabi)
3%
Others
3%
Spanish
3%
Arabic
2%
Portuguese
2%
Tagalog (Pilipino, Filipino)
2%

House tenancy (%)

Owners
75%
Renters
25%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget