Home with brick exterior material, street for 97 Garfield Ave, Hamilton Ontario L8M 2S3
Re-listed 39 days ago

97 Garfield Ave, Hamilton, Ontario L8M 2S3

Other
-
1
- sqft
$•••,•••
$725,000
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Highlights

Estimated ValueNot available

Price/Sqft-

Est. Mortgage$3,114/mo

Tax Amount (2024)$4,100/yr

Days On Market39 days

Total Days On Market109 days


Description

Outstanding investment opportunity in Hamilton's growing Stipley market! This fully tenanted 2.5-storybrick duplex demonstrates strong rental performance with proven income potential. Currently generating$4,212 monthly revenue ($2,116 main floor, $2,101 upper unit), both units secured with quality tenants.Recent capital improvements include 2018 AC installations in both units, energy-efficient LED lightingthroughout, and a widened driveway accommodating two vehicles. Separate entrances and individual laundryfacilities. With its prime location near Main St E and extensive renovations, this turnkey propertyoffers immediate cash flow and strong appreciation potential in Hamilton's expanding real estate market.


Property Details

StyleApartment
View-
Age of property100+
SqFt-
Lot Size2,500 SqFt(100 x 25)
Parking Spaces2
MLS ®NumberX12095114
Community NameStipeley
Data SourceTRREB
Listing byROYAL LEPAGE YOUR COMMUNITY REALTY

Features

Heating: Elec Forced Air
Cooling: Y

Features

Lot size: 2,500 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 2


Property listed by ROYAL LEPAGE YOUR COMMUNITY REALTY, Brokerage

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Market Data - Stipeley

Geo Zone Map ThumbnailStipeley

Balanced Market

View Market Data

Other - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

17 days

Compared to

2024

46 days

2023

15 days

2022

19 days

New Listings

Past 30 days

21 listings

Compared to

2024

10 listings

2023

25 listings

2022

16 listings

Units sold

Past 30 days

9 units

Compared to

2024

8 units

2023

15 units

2022

7 units

Median Sold Price

Past 30 days

$570,000

Compared to

2024

$515,000

2023

$595,000

2022

$600,000


Population and Demographics

Overview

Total population 6276
Average household income $91,677

Age (%)

20 to 34
26%
0 to 19
21%
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