$799,000
Hamilton
719 KNOX Avenue, Hamilton (Parkview), Ontario, L8H6K7
This 2-bedroom, 1-bathroom home in Hamilton is for sale offering roughly 900 sq ft of space. It has been on the market 9 days, fresher than the Hamilton average of 52 days.
Incredible opportunity in family-friendly East Hamilton! Nestled on a premium lot just under 1 acre and minutes away from the QEW Highway and public transit, this cozy 2-bedroom, 1-bath bungalow offers endless potential for both seasoned investors and first-time homebuyers alike. The charming home is move-in ready, perfect for those looking to live now and build later. Situated in a rapidly growing pocket of East Hamilton, this property comes with current zoning approved to build four single-family homes, making it ideal for developers or builders! Even more exciting is the potential for re-zoning, offering possibilities for increased density or a larger-scale development in the future. This unique parcel of land is on municipal water and sewer lines, a rare and valuable feature for lots of this size, saving you time and significant development costs. Whether you're looking to develop right away or land bank and hold for future appreciation, this location checks all the boxes! Just under an hour from both the GTA and Niagara Falls, the property offers excellent commuter access, attracting interest from a wide pool of potential end users. The lot's generous dimensions provide ample space for a variety of uses. Whether you're envisioning custom homes, townhouses, rental properties, or a family compound, enjoy the flexibility of overseeing your development or generating rental income from the existing dwelling while pursuing re-zoning for even more potential. Don't miss this exceptional investment opportunity in one of Hamilton's most promising and accessible areas. (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.
Active: 9 days on market, against an average age of 52 days across the listings currently for sale in this city
This 2-bed single family in Hamilton (Parkview) has been listed for 9 days, which is 43 days fresher than the city average of 52. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $799,000, about 11.4× the local median household income of $70,000.
Carrying it typically needs a household income of about $156,073 (20% down, 25-yr amortization, stress-tested) — roughly 123% above the area median.
Source: Statistics Canada, 2021 Census (FSA L8H)
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