521 BARTON STREET E, Hamilton (Gibson)

$699,000

For sale: Detached

Detached at 521 BARTON STREET E, Hamilton (Gibson)
Property type
Detached
Bedrooms / bathrooms
6 bedrooms, 2 bathrooms
Living area
2,000 sqft
MLS®
MLS® X13522496
Neighbourhood
Gibson

521 Barton Street E Hamilton is an investment property. Corner-lot duplex with a renovated 2-bedroom main-floor unit (re-renting at $1,800 + hydro) and a four-room upper unit sharing kitchen and bath. Two hydro meters. Unfinished basement with development potential. Growth opportunity: A corner-lot property with genuine value-add upside in addition to in-place income. The main-floor 2-bedroom unit is freshly renovated and stabilizing at $1,800 + hydro, while four month-to-month rooms above allow rents to be reset to market. The unfinished basement is counted as a sixth door and is currently vacant: finishing and leasing it adds a new income stream immediately, and the corner-lot position offers a further, longer-term path to add density and value. Net operating income: $44,158, Doors: 6 (5 occupied / 83%) Configuration: Renovated 2-bed main floor + 4-room upper unit + unfinished basement (6th door, vacant)Metering: Two hydro meters

Sold data

Detached homes in Hamilton (Gibson) — recent sold market

Detached homes in Hamilton (Gibson) took a median of 27 days to sell over the last 90 days, with the quickest quarter selling within 13 days and the slowest quarter taking more than 52, across 833 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 46 days.

The median sale price was $767,777.

Homes sold for about 3.0% below asking on average, so there was room to negotiate.

About 13% of sales closed above the list price.

Around 27% of sellers reduced their price before finding a buyer.

Median days to sell
27
Median sale price
$767,777
Sale-to-list ratio
97.0%
Sold above asking
13%

Based on 833 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Hamilton (Gibson)

Hamilton (Gibson) has 130 Fraser Institute–rated schools (108 elementary and 22 secondary), averaging 5.6/10.

Rated schools
130
Elementary
108
Secondary
22
Average rating
5.6 / 10

Top-rated schools in Hamilton (Gibson)

  • Corpus Christielementary, HamiltonFraser rating 10.0/10
  • Norwood Parkelementary, HamiltonFraser rating 8.4/10
  • Pope John Paul IIelementary, HamiltonFraser rating 8.0/10
  • Our Lady of Lourdeselementary, HamiltonFraser rating 7.3/10
  • Westmountsecondary, HamiltonFraser rating 7.3/10
  • Sacred Heartelementary, HamiltonFraser rating 7.2/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 521 BARTON STREET E