Overview

This lot in Hamilton is for sale offering roughly 1,750 sq ft of space. It has been on the market 51 days, fresher than the Hamilton average of 65 days.

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Description

Irregular rural property with approximately 270 ft frontage on Regional Road 56, improved with a 1,536-sq.-ft. bungalow,___also, there is 30' x 60' (1,800-sq.-ft.) detached brick Workshop/Garage with 14-ft ceiling and oversized overhead door,___Additional Barn/ Accessory Storage Structures,___fenced paddock/pasture areas,___substantial open field/yard area, large, gravelled area and two existing Highway 56 driveways.___Property is presently serviced by private well and septic. (id:66096)

Property Details

MLS®: X13779420
Property Type: Vacant Land
Zoning: A1
Bathrooms: 0
Parking: 28
Interior Size: 1,750 ft²
Lot Size: 271 × 649 ft (4.03 acres)
Frontage: 271 ft
Storeys: 1
Style: Bungalow
Heating: Forced air, Natural gas
Garage: Detached Garage, Garage, RV
Property Tax: $5,967.82/yr
Listed: 51 days ago

Features

Exterior: Vinyl siding
Lot Features: Level lot, Wooded area, Flat site, Level

Services

Water: Drilled Well
Sewer: Septic System
Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

51d

Hamilton listings, avg age

65d

Price / ft²

$1,428

List price

$2.50M

Area context

Neighbourhood profile (L0R)

This home lists at $2,499,000, about 22.7× the local median household income of $110,000.

Carrying it typically needs a household income of about $488,142 (20% down, 25-yr amortization, stress-tested) — roughly 344% above the area median.

Median household income: $110,000
Population: 83,602
Median age: 40.8
Owner / renter: 88% / 12%
Avg. household size: 2.8

Source: Statistics Canada, 2021 Census (FSA L0R)

$2,499,000· $1,428/ft²

For sale

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2311 Highway 56, Hamilton - Vacant Land for Sale