$499,000
For sale: Detached

Welcome to 531 Upper Sherman Avenue! This well-maintained, turnkey home offers exceptional flexibility for homeowners, investors, or multi-generational families. Featuring two bedrooms on the main level and an additional bedroom in the basement, along with a full bathroom on each level, the functional layout provides excellent potential for extended family living or additional rental income to help offset your mortgage. The interior features tasteful, semi-modern finishes and is move-in ready. Outside, enjoy a private backyard surrounded by mature cedars, complete with a detached shed/workshop equipped with electricity, ideal for hobbies, additional storage, or a dedicated workspace. Whether you're looking to get into the market, supplement your income, or accommodate extended family, this property offers versatility and value at an attractive price.
Sold data
Homes in Raleigh took a median of 25 days to sell over the last 365 days, with the quickest quarter selling within 10 days and the slowest quarter taking more than 50, across 50 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 54 days.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 $593,950.
Homes sold for about 2.5% below asking on average, so there was room to negotiate.
About 12% of sales closed above the list price.
Around 26% of sellers reduced their price before finding a buyer.
Based on 50 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 (Raleigh) 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

$479,999
Detached13 SOMERSET AVENUE, Stipley, Hamilton

$475,000
Detached147 MELROSE AVENUE N, Stipley, Hamilton

$579,900
Detached551 UPPER SHERMAN AVENUE, Raleigh, Hamilton

$550,000
Detached805 TATE AVENUE, Parkview, Hamilton

$549,999
Detached179 KENSINGTON AVENUE N, Crown Point, Hamilton

$559,900
Detached886 LAWRENCE ROAD, Rosedale, Hamilton

$599,000
Detached184 EAST 35TH STREET, Raleigh, Hamilton

$499,000
Detached333 RAWDON STREET, Brantford