63 MELROSE AVENUE S, Hamilton (Stipley)

$649,900

For sale: Multiplex

Multiplex at 63 MELROSE AVENUE S, Hamilton (Stipley)
Property type
Duplex
Bedrooms / bathrooms
6 bedrooms, 4 bathrooms
Living area
3,000 sqft
MLS®
MLS® X13769078
Neighbourhood
Stipley

An exceptional opportunity in the heart of the Gibson-Stipley neighbourhood! This large, updated and Vacant 2 unit property offers incredible flexibility for investors and owner-occupiers alike. With two spacious, move-in-ready units, the property is ready for a new owner to select their own tenants and establish current market rents from day one. Live in one unit while generating income from the other to help offset your mortgage, or add this turnkey property to your investment portfolio and maximize its rental potential. Looking for even more upside? The property also offers potential to create a third unit with separate side entrance, providing an exciting opportunity to further increase revenue and long-term value. Ideally situated in an established central Hamilton neighbourhood close to transit, schools, shopping, amenities and downtown.A rare opportunity to acquire a vacant, updated multi-unit property with strong income potential and multiple options for the future!

Sold data

Homes in Stipley — recent sold market

Homes in Stipley took a median of 25 days to sell over the last 365 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 43, across 67 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 41 days.

The median sale price was $499,900.

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

About 16% of sales closed above the list price.

Around 19% of sellers reduced their price before finding a buyer.

Median days to sell
25
Median sale price
$499,900
Sale-to-list ratio
97.0%
Sold above asking
16%

Based on 67 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

Schools in Hamilton (Stipley)

Hamilton (Stipley) 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 (Stipley)

  • Corpus Christi — elementary, HamiltonFraser rating 10.0/10
  • Norwood Park — elementary, HamiltonFraser rating 8.4/10
  • Pope John Paul II — elementary, HamiltonFraser rating 8.0/10
  • Our Lady of Lourdes — elementary, HamiltonFraser rating 7.3/10
  • Westmount — secondary, HamiltonFraser rating 7.3/10
  • Sacred Heart — elementary, HamiltonFraser rating 7.2/10

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

Currently for sale

Homes for sale near 63 MELROSE AVENUE S