$1,445,000

For sale

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603 RYMAL Road West, Hamilton - Single Family for Sale

603 RYMAL Road West, Hamilton, Ontario, L9B1B7

3 beds1 bath11 parking ft²

79 KIMBERLY Drive, Hamilton, Ontario, L8K4K7

6 bd2 ba5 pk1,695 ft²

Listed by SOLID ROCK REALTY

79 Case Street, Hamilton (Stipley), Ontario, L8L3G8

For saleJust listed

Today

$430K

79 Case Street, Hamilton (Stipley), Ontario, L8L3G8

3 bd2 ba2 pk1,300 ft²Lot size 22 × 120 ft (2,640 sq ft)

Listed by Royal LePage Real Estate Associates, Bradica Group

16 Rosslyn Avenue South, Hamilton (Raleigh), Ontario, L8M3H8

For saleJust listed

Today

$550K

16 Rosslyn Avenue South, Hamilton (Raleigh), Ontario, L8M3H8

3 bd1 ba2 pk2,250 ft²Lot size 40 × 102 ft (4,096 sq ft)

Listed by RE/MAX ESCARPMENT REALTY INC.

16 ROSSLYN Avenue South, Hamilton, Ontario, L8M3H8

For saleJust listed

Today

$550K

16 ROSSLYN Avenue South, Hamilton, Ontario, L8M3H8

3 bd1 ba2 pk2,239 ft²

Listed by RE/MAX Escarpment Realty Inc.

Investment analysis

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$1,445,000

Hamilton

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Overview

This 3-bedroom, 1-bathroom home in Hamilton is for sale offering roughly 1,800 sq ft of space. It has been on the market 14 days, fresher than the Hamilton average of 65 days.

Houses for Sale in Hamilton →All real estate in Hamilton →

Description

Rare development opportunity for builders and investors. This expansive 1.38-acre land assembly, comprising 603 Rymal Road and 613 Rymal Road, offers approximately 108 feet of frontage and 280 feet of depth, presenting excellent potential for mid-rise residential or townhouse development. The property currently includes two fully leased bungalow homes, providing stable rental income while development plans are pursued. Situated in a rapidly growing area with strong housing demand, this site represents an exceptional opportunity for builders and developers seeking a large parcel with significant future upside potential. (id:66096)

Property Details

MLS®: 40873100
Property Type: Single Family
Zoning: AA
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 1
Parking: 11
Interior Size: 1,800 ft²
Frontage: 105 ft
Storeys: 1
Style: Bungalow
Basement: Finished, Full
Heating: Natural gas
Cooling: Central air conditioning
Garage: Detached Garage
Ownership: Freehold
Property Tax: $7,000/yr
Listed: 14 days ago

Rooms

Main level

Bedroom: 12'0'' x 13'1''
Bedroom: 12'0'' x 12'0''
Bedroom: 13'0'' x 13'0''
3pc Bathroom
Dining room: 13'0'' x 14'0''
Living room: 16'0'' x 19'0''
Kitchen: 14'0'' x 14'0''

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

Features

Appliances: Washer, Refrigerator, Stove, Dryer, Hood Fan, Window Coverings
Foundation: Block
Exterior: Brick Veneer

Services

Water: Well
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

14d

Hamilton listings, avg age

65d

Price / ft²

$803

List price

$1.45M

Haho

This 3-bed single family in Hamilton has been listed for 14 days, which is 51 days fresher than the city average of 65. Act while there is still low competition.

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Listed by RE/MAX Escarpment Realty Inc. · Payam Alidadi Kafraj

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L9B)

This home lists at $1,445,000, about 13.8× the local median household income of $105,000.

Carrying it typically needs a household income of about $282,259 (20% down, 25-yr amortization, stress-tested) — roughly 169% above the area median.

Median household income: $105,000
Population: 25,025
Median age: 42.8
Owner / renter: 81% / 19%
Avg. household size: 2.9

Source: Statistics Canada, 2021 Census (FSA L9B)

$1,445,000· $803/ft²

For sale

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Full Cost Breakdown

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Down Payment8.27% · $119,500

Min 8.27%50%

Mortgage payment$7,349/mo

↳ CMHC premium ($53,020 capitalized)

Property tax (est.)$583/mo

Total monthly$7,932

Cash Needed to Close

Down payment (8.27%)$119,500

Land transfer tax$25,375

Est. closing costs$6,835

Total cash needed$151,710

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