$505,000

For sale

115 King Street East, Hamilton (Stoney Creek) - Single Family for Sale

115 King Street East, Hamilton (Stoney Creek), Ontario, L8G1L2

4 beds3 baths3 parking1,750 ft²56 × 197 ft (11,063 sq ft) lot sizeListed 21 days ago

Overview

This 4-bedroom, 3-bathroom home in Hamilton is for sale offering roughly 1,750 sq ft of space. Listed at $505,000, it is attractively priced about 38% below the $819,900 median asking price in Hamilton. It has been on the market 21 days, fresher than the Hamilton average of 55 days.

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Description

Excellent opportunity in prime Olde Stoney Creek location, steps to schools, shopping and transit! The huge 56 X 197 foot lot is perfect to build your dream home. The existing house itself is in a state of neglect and disrepair, overly cluttered and requires significant renovation and restoration. Ideal for a contractor or handyman/first-time buyer with the resources to bring it back to life. Most photos were taken by the owner when they purchased the property. Improvements include a steel roof, furnace, and central air (2018). The rear yard itself, while overgrown, boasts numerous fruit trees and shrubs (apple, plum, cherry, pear) and berry bushes. Due to the current condition of the property, caution is required when viewing the property. Property is being sold "As-Is, Where-Is" with no representations or warranties regarding its condition or potential uses. (id:66096)

Property Details

MLS®: X14087450
Property Type: Single Family
Zoning: R1
Bedrooms: 4
Beds (above / below): 4 above · 0 below
Bathrooms: 3
Half Baths: 1
Parking: 3
Interior Size: 1,750 ft²
Lot Size: 56 × 197 ft (11,063 sq ft)
Frontage: 56 ft
Storeys: 2
Basement: Partially finished, Full, Walk-up, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Fireplace: Yes
Ownership

Rooms

Ground level

Living room: 4.55 x 3.95 meters
Dining room: 3.95 x 3.35 meters
Kitchen: 4.55 x 3.05 meters
Primary Bedroom: 3.35 x 3.05 meters

Second level

Bedroom: 3.95 x 3.35 meters
Bedroom: 3.95 x 3.35 meters
Bedroom: 3.35 x 2.45 meters

Basement

Recreational, Games room: 4.9 x 3.65 meters
Kitchen: 3.55 x 3.65 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Water meter
Foundation: Block
Exterior: Brick

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

21d

Hamilton (Stoney Creek) listings, avg age

55d

Price / ft²

$289

List price

$505K

Haho

This 4-bed single family in Hamilton (Stoney Creek) has been listed for 21 days, which is 34 days fresher than the city average of 55. Act while there is still low competition.

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Listed by RE/MAX ESCARPMENT REALTY INC. · RON LEWYCKYJ

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L8G)

This home lists at $505,000, about 6.6× the local median household income of $77,000.

Carrying it typically needs a household income of about $98,644 (20% down, 25-yr amortization, stress-tested) — roughly 28% above the area median.

Median household income: $77,000
Population: 21,805
Median age: 50.8
Owner / renter: 66% / 34%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA L8G)

$505,000· $289/ft²

For sale

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Full Cost Breakdown

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Down Payment5.05% · $25,500

Min 5.05%50%

Mortgage payment$2,658/mo

↳ CMHC premium ($19,180 capitalized)

Property tax (est.)$439/mo

Total monthly$3,098

Cash Needed to Close

Down payment (5.05%)$25,500

Land transfer tax$6,575

Est. closing costs$4,015

Total cash needed$36,090

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