1 day on Market

58 Erie Ave, Hamilton, Ontario L8N 2W6

Detached
5 + 2
3
~1869 sqft
$729,900
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Detached
5 + 2
3
~1869 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$390/sqft

Est. Mortgage$3,135/mo

Tax Amount (2024)$4,560/yr

Days On Market1 day


Description

Amazing, Cash Flow positive, 3 unit home in high-demand Stinson neighbourhood. This detached property boasts a massive 25ft W x 150ft D-zoned lot, offering exceptional value-add potential for savvy investors and developers. PRIME Location! Located 5 min drive to downtown, one of Hamilton's trendiest neighbourhood with local cafes, bars, shops, restaurants. Access to public transit and very close proximity to the upcoming LRT Line (Wentworth Stn is 600M). Rent as is, or renovate to boost rents/cashflow and force appreciation. Rarely vacant & easy to rent - an investor's dream!


Property Details

Style2.5 Storey
View-
Age of property1900
SqFt~1869 SqFt
Lot Size3,750 SqFt(150 x 25)
Parking Spaces-
MLS ®Number40724522
Community NameStinson
Data SourceITSO
Listing byRock Star Real Estate Inc.

Features

Heating: Forced Air, Natural Gas
Basement: Full, Finished

Basement Floor

Kitchen

8.06 x 11.08

Living Room

9.06 x 14.1

Bedroom Primary

7.1 x 11.09

Bedroom

8.06 x 10.03


Features

Lot size: 3,750 SqFt
Sewer (Municipal)

Property listed by Rock Star Real Estate Inc., Brokerage

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Market Data - Stinson

Geo Zone Map ThumbnailStinson

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

19 days

Compared to

2024

0 day

2023

21 days

2022

0 day

New Listings

Past 30 days

2 listings

Compared to

2024

4 listings

2023

2 listings

2022

9 listings

Units sold

Past 30 days

2 units

Compared to

2024

0 unit

2023

4 units

2022

0 unit

Median Sold Price

Past 30 days

$938,500

Compared to

2023

$602,500


Population and Demographics

Overview

Total population 4917
Average household income $98,451

Age (%)

20 to 34
29%
35 to 49
20%
50 to 64
19%
65 and plus
17%
0 to 19
16%

Household composition (%)

Single person
49%
Single family
42%
Multi person
8%
Multi family
0%

Mother tongue (%)

English
83%
Others
5%
Spanish
3%
Arabic
2%
Tagalog (Pilipino, Filipino)
2%
French
2%

House tenancy (%)

Renters
73%
Owners
27%

Schools and amenities

Estimated Budget