98-100 WALTON STREET, Port Hope

$749,000

For sale: Other

Other at 98-100 WALTON STREET, Port Hope
Property type
Store W Apt/Office
MLS®
MLS® X13442266
Neighbourhood
Port Hope

ONE GREAT COMMERCIAL/RESIDENTIAL PROPERTY IS NICE BUT TWO GREAT COMMERCIAL/RESIDENTIAL PROPERTIES SIDE BY SIDE WITH A HUGE PARKING LOT IS PROBABLY BETTER, RIGHT ? *Media includes photos of both properties that should be sold together, so call your friend or family member right now and invest together in this amazing opportunity. Joint list price of $1,498,000 for both properties 98-100 & 102 Walton Street. Incredible multi-use investment opportunity in downtown Port Hope's historic strip. Featuring 2 main floor commercial spaces and 10 residential apartments; 4 bachelor units, 4 one bedroom units & 2 two bedroom units with a rare parking lot for 14. Well updated and maintained property offering a great mix or residential and commercial with a large parking lot at the back for tenants. Many updates including a newer roof in the last year or so, updated brick work, heat pump among many other upgrades. This is a rare opportunity to land an excellent investment property with the possibility to relocate your current successful business into one of the main floor commercial spaces for added value if needed. Why pay rent to lease your current commercial space when you can own and collect rent to help you pay the mortgage? Do the math, years of leasing the space for your current, successful business does not add up. Most successful businesses that last for many years are the ones that also own the real estate. With so many great improvements happening to downtown Port Hope and in the area in general that will boost the local economy, you will want to get in before you just cant.

Sold data

Homes in Port Hope — recent sold market

Homes in Port Hope took a median of 26 days to sell over the last 90 days, with the quickest quarter selling within 13 days and the slowest quarter taking more than 49, across 72 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 44 days.

The median sale price was $699,950.

Homes sold for about 2.3% below asking on average, so there was room to negotiate.

About 15% of sales closed above the list price.

Around 22% of sellers reduced their price before finding a buyer.

Median days to sell
26
Median sale price
$699,950
Sale-to-list ratio
97.7%
Sold above asking
15%

Based on 72 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Port Hope

Port Hope has 3 Fraser Institute–rated schools (2 elementary and 1 secondary), averaging 4.7/10.

Rated schools
3
Elementary
2
Secondary
1
Average rating
4.7 / 10

Top-rated schools in Port Hope

  • Port HopesecondaryFraser rating 5.6/10
  • Beatrice StrongelementaryFraser rating 4.7/10
  • St. Anthony'selementaryFraser rating 3.7/10

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

Currently for sale

Homes for sale near 98-100 WALTON STREET