$349,900
For sale: Detached

Imagine the redevelopment possibilities! Bring your vision to 39 Princess Street and explore the opportunity to transform this Hamilton gem into a duplex, with a longer-term concept for as many as five separate residential units. The proposed first phase retains and revitalizes the existing home, pairing a renovated main floor with a self-contained basement apartment and separate entrances. The broader development vision contemplates two additional storeys, creating four residences within the main house, plus a two-bedroom apartment above a proposed rear two-car garage. Exterior improvements and a repaved driveway round out the planned transformation. Whether you're an investor exploring future rental income, a builder looking for your next project, or a buyer ready to turn potential into something special, this property invites you to imagine what comes next. Explore the initial two-unit concept and the possibilities for future expansion. Preliminary financials, conceptual renderings and development proposals are available. Permit and planning applications have not been submitted, and approvals have not been obtained; the buyer is responsible for confirming feasibility and securing all required permits and approvals. Do phase one and stop or continue later. The options are endless.
Sold data
Homes in Gibson took a median of 23 days to sell over the last 365 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 42, across 44 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 54 days.
The median sale price was $481,000.
Homes sold for about 2.9% below asking on average, so there was room to negotiate.
About 16% of sales closed above the list price.
Around 25% of sellers reduced their price before finding a buyer.
Based on 44 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Hamilton (Gibson) has 130 Fraser Institute–rated schools (108 elementary and 22 secondary), averaging 5.6/10.
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale

$375,000
Detached3 CRAIGMILLER AVENUE, Crown Point, Hamilton

$380,000
Detached67 NORMAN STREET, Crown Point, Hamilton

$389,000
Detached27 EDINBURGH AVENUE, Crown Point, Hamilton

$419,999
Detached35 DOUGLAS AVENUE, North End, Hamilton

$348,000
Detached46 MAITLAND STREET, Brantford

$379,900
Detached415 JOHN STREET, Dunnville, Haldimand

$429,000
Detached227 EAST 23RD STREET, Eastmount, Hamilton

$399,900
Detached2284 RIVER Road, 621 - North Cayuga, Cayuga