Re-listed 8 days ago

51 Fairview Ave, Hamilton, Ontario L8L 7B7

Detached
3 + 1
2
~700-1100 sqft
$•••,•••
$519,900
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Detached
3 + 1
2
~700-1100 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$607/sqft

Est. Mortgage$2,233/mo

Tax Amount (2024)$3,725/yr

Days On Market8 days

Total Days On Market43 days


Description

51 Fairview Avenue is a lovely 3+1 bedroom brick bungalow in the Crown Point West neighbourhood. Walk to the shops on Ottawa Street, or walk your dog in beautiful Gage Park. Close to Tim Horton's Field, Centre Mall, schools, and restaurants. The home was renovated in 2019 (2 kitchens, 2 bathrooms, new flooring throughout). Detached single car garage, rear parking and street parking. Fenced yard. Covered front porch. In-law suite with separate entrance. This property is great for investors, first time home owners, extended families, down-sizers, or small families. Current 5.4% Cap Rate and Positive Cash Flow with tenants who are busy professionals, who treat it like their own and take good care of the property. You will be generating passive income from Day 1 - no work to do, no headaches, just income and appreciation. Whether you're a local investor or living elsewhere, you will have valuable peace of mind with these tenants and this property. Contact for current handyman who takes care of maintenance can be provided upon request. Many upgrades have been done within the last 6 years and it has been very well-maintained.


Property Details

StyleBungalow
View-
Age of property-
SqFt~700-1100 SqFt
Lot Size2,500 SqFt(100 x 25)
Parking Spaces2
MLS ®NumberX12179249
Community NameCrown Point West
Data SourceTRREB
Listing byRIGHT AT HOME REALTY

Features

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

Bsmt Floor

Living

3.24 x 4.81

Br

2.9 x 2.44

Bathroom

1.75 x 1.76

Kitchen

2.76 x 2.93


Features

Lot size: 2,500 SqFt

Parking

Garage spaces 1

Garage type Detached

Other parking spaces 1

Total parking spaces 2


Property listed by RIGHT AT HOME REALTY, Brokerage

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Market Data - Crown Point West

Geo Zone Map ThumbnailCrown Point West

Strong Seller'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

29 days

Compared to

2024

50 days

2023

13 days

2022

19 days

New Listings

Past 30 days

21 listings

Compared to

2024

14 listings

2023

18 listings

2022

17 listings

Units sold

Past 30 days

13 units

Compared to

2024

7 units

2023

13 units

2022

10 units

Median Sold Price

Past 30 days

$550,000

Compared to

2024

$564,000

2023

$520,000

2022

$650,500


Population and Demographics

Overview

Total population 5548
Average household income $92,597

Age (%)

20 to 34
24%
35 to 49
23%
0 to 19
22%
50 to 64
19%
65 and plus
12%

Household composition (%)

Single family
60%
Single person
33%
Multi person
7%
Multi family
0%

Mother tongue (%)

English
89%
Others
4%
Spanish
2%
French
1%
Portuguese
1%

House tenancy (%)

Owners
62%
Renters
38%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget