$620,000
Hamilton
202 RAY Street North, Hamilton, Ontario, L8R2Y2
This 3-bedroom, 2-bathroom home in Hamilton is for sale offering roughly 1,514 sq ft of space. Listed at $620,000, it is attractively priced about 17% below the $749,900 median asking price in Hamilton. It has been on the market 46 days, fresher than the Hamilton average of 65 days.
LOCATION, LOCATION, LOCATION! Welcome to 202 Ray Street North, an exceptional opportunity to purchase this lovingly maintained family home in Hamilton's desirable Strathcona neighbourhood, offered for sale for the first time in 30 years! Discover the potential of this ideally located property in one of Hamilton's most desirable and transforming neighbourhoods. Located just minutes from West Harbour GO Station, Bayfront Park, waterfront trails, James Street North's restaurants, cafe's, galleries, downtown Hamilton amenities, parks, and major highway routes, this property combines lifestyle, convenience, and investment potential in one attractive package, the location offers convenience and long-term appeal. The bright and spacious main level offers comfortable family living, three generously sized bedrooms, large open plan kitchen, dining room, and living room, a four piece full bathroom on the main level, and over 1,500 square feet total of finished living space overall on the main and lower level. This raised bungalow includes a separate entrance to the fully finished lower level, where you will find a full kitchen/dining room, large family room, three piece bathroom, laundry room, and cold room. The lower level also offers direct access to your attached garage. This lower level creates excellent potential and flexibility, for an in-law suite or secondary living space, subject to approvals. Live comfortably in one portion of the home while generating rental income from the other, a smart way to build equity and reduce monthly housing costs. A private outdoor rear garden, add to the home's appeal. Whether you're a first time buyer looking to offset your mortgage or an investor seeking strong income potential, this versatile property offers the perfect blend of homeownership and rental opportunity. RSA (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Long Listed: 46 days on market, against an average age of 65 days across the listings currently for sale in this city
This 3-bed single family in Hamilton has been listed for 46 days, which is 19 days fresher than the city average of 65. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $620,000, about 11.6× the local median household income of $53,600.
Carrying it typically needs a household income of about $121,108 (20% down, 25-yr amortization, stress-tested) — roughly 126% above the area median.
Source: Statistics Canada, 2021 Census (FSA L8R)
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