Home with brick exterior material, street for 50 Somerset Ave, Hamilton Ontario L8L 2L5
11 hours on Market

50 Somerset Ave, Hamilton, Ontario L8L 2L5

Detached
3 + 1
3
~2000-2500 sqft
$689,000
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Detached
3 + 1
3
~2000-2500 sqft

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Highlights

Property Estimate

Days on market11 hours

Estimated valueNot available

Price/Sqft$310/sqft

Monthly cost

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+4

Properties sold*

$621K

Median sold price*

*Based on last 30 days

Description

Attention firsttime buyers and investors. This updated detached 2.5storey brick home is located in the heart of downtown Hamilton, close to all amenities, shops, dining, and transit. The property is currently configured as three selfcontained apartments, each with its own private entrance, kitchen, bathroom, and laundry. It will be delivered completely vacant, allowing you to set your own rents and select your tenants. Live in one unit and rent out the others to significantly offset your mortgage or generate cash flow. The basement unit offers a spacious onebedroom layout with comfortable living space. The main floor unit features soaring ceilings, abundant natural light, modern finishes, and a private back patio. The upper unit spans two and a half floors with a welcoming entry foyer, a secondfloor dining area and massive bedroom, and a thirdfloor loft living room or study. The seller and listing agent make no warranties or representations as to the current or future legal use of the property. The home can easily be converted back to single family or 2 units.


Property Details

Style2 1/2 Storey
View-
Age of property-
SqFt~2000-2500 SqFt
Lot Size1,464 SqFt(60 x 24.41)
Parking Spaces2
MLS ®NumberX12328892
Community NameStipeley
Data SourceTRREB
Listing byRIGHT AT HOME REALTY

Features

Heating: Forced Air
Cooling: Central Air
Basement: Apartment

Main Floor

Foyer

4.0 x 1.2

Kitchen

4.2 x 3.25

Living

3.75 x 3.2


Features

Lot size: 1,464 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 2


Market Data - Stipeley

Geo Zone Map ThumbnailStipeley

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

40 days

Compared to

2024

54 days

2023

20 days

2022

13 days

New Listings

Past 30 days

17 listings

Compared to

2024

14 listings

2023

9 listings

2022

11 listings

Units sold

Past 30 days

11 units

Compared to

2024

4 units

2023

3 units

2022

5 units

Median Sold Price

Past 30 days

$540,000

Compared to

2024

$620,500

2023

$600,000

2022

$600,000


Population and Demographics

Overview

Total population 6276
Average household income $91,677

Age (%)

0 to 19
21%
20 to 34
26%
35 to 49
21%
50 to 64
19%
65 and plus
12%

Household composition (%)

Single family
54%
Single person
37%
Multi person
9%
Multi family
0%

Mother tongue (%)

English
87%
Spanish
2%
Italian
2%
Polish
2%
Portuguese
1%
French
1%
Vietnamese
1%
Arabic
1%
Others
1%

House tenancy (%)

Renters
51%
Owners
49%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget