By now You probably heard about this blazing hot real estate market that we experience here in Canada last couple of years. Hamilton Ontario and Stoney Creek have been named the best place to invest into real estate by many financial institutions. In the last few years real estate prices in Hamilton Ontario have appreciated faster than in any other city in Canada.
While average residential sale price by the end of 1st quarter of 2016 increased to $404,035 (13% change within a year) with freeholds average sale price @ $428,426 and condos average sale price @ $272,560!
The Hamilton townhouses freeholds and condos (condominiums) are still in the territory that is super attractive price wise for prudent real estate investor. In Hamilton average home price to household income ratio is at 4.9 real estate 5-year price change is at 7.3% while 5 year rent increase is at 18%!!!
Stoney Creek had a significant increase in housing prices within the last year..Average sale price in Stoney Creek is $437,526 from $378,667 a year earlier.
151 GATESHEAD CRESCENT STONEY CREEK
150 GATESHEAD CRESCENT STONEY CREEK
click here...for townhouses townhomes for sale currently in Hamilton Ontario and Stoney Creek Ontario
click here...for single detached homes houses currently for sale in Hamilton and Stoney Creek Ontario
click here...for condos, condominiums for sale in Hamilton and Stoney Creek Ontario
150 GATESHEAD CRESCENT STONEY CREEK
88 REDCEDAR CRESCENT STONEY CREEK ONTARIO
There are few complexes of townhouses in Stoney Creek that we would recommend:
AVG.PRICE OF UNITS SOLD WITHIN THE LAST YEAR
151 GATESHEAD CRESCENT
150 GATESHEAD CRESCENT
170 DEWITT ROAD
2 ROYALWOOD COURT
1 ROYALWOOD COURT
1155 PARAMOUNT DRIVE
1115 PARAMOUNT DRIVE
BOTH COMPLEXES FROM PARAMOUNT DRIVE (1155 PARAMOUNT AND 1115 PARAMOUNT DRIVE) ARE LOCATED IN THE UPPER PART OF STONEY CREEK CALLED STONEY CREEK MOUNTAIN.
THE NEWEST STONEY CREEK REAL ESTATE MARKET UPDATE (JUNE 2016):
IN STONEY CREEK MOUNTAIN (DISTRICT 50) IN JUNE 2016 48 HOMES SOLD AND THE AVERAGE PRICE WAS $456,322
IN STONEY CREEK BELOW THE MOUNTIAN (DISTRICT 51) 80 HOMES SOLD WITH AVERAGE PRICE OF $509,656.
Please click below on few still very affordable complexes of townhouses in East Hamilton the ones that we strongly recommend. For details and average sales prices of those units please contact Waldi and Margaret Niburski.
Sutton Group Innovative Realty Inc, Brokerage, independently owned & operated
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purchase, sale and lease of real estate as part of a cooperative selling system. Canadian Real Estate Association Last Updated: 5/20/2019 11:07:02 AM