1084 Main Street, Hamilton, ON
Property Highlights
Welcome to this remarkable investment located in the coveted neighborhood of Westdale. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $1 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 0 Bathrooms
- Premium 37.5 x 100 ft lot size
- Convenient other garage included
- equipped with yes central cooling and highly efficient gas forced air open heating
Description
Prime Location: Situated on Main Street West, an area experiencing significant development and revitalization. Income - Generating Properties: 1092 Main Street West: Currently utilized as student rentals, providing a reliable income stream.1088 Main Street West: Offers additional income potential through studio rentals. Development Potential: Each property is positioned for potential future development, making them ideal for investors looking to expand their portfolio. Strong Demand Area: Proximity to universities, colleges, and essential amenities attracts steady demand for rental units, especially from students and young professionals. Investment Growth: The neighborhood is undergoing transformative changes, with ongoing bid development increasing property values and investment appeal. Versatile Options: Whether you're interested in immediate rental income or long-term development projects, these properties provide versatile investment options.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 1084 Main Street W, Hamilton, ON L8S 1B3
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Hamilton, ON
For a property listed at $1 in Hamilton, the legal minimum down payment is $0 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $0 for this transaction. As this listing is in Hamilton (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $0.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.