Heated workshop with A/C on Lake Ave N

Property details for 42 Lake Avenue N, Hamilton

Type: Residential
Bedrooms: 4
Bathrooms: 1
Lot Size: 51.6 x 136.5 FT ; 51.59 X 136.54 X 50.11 X 124.23
Stories: 1.5
Basement: Finished, Full
Parking: No Garage
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Exterior: Aluminum siding, Vinyl siding
Ownership: Freehold
Annual Taxes: $4,127

This 1.5-storey house on Lake Ave N gives you 4 beds and 1 bath across roughly 51 by 136 feet of irregular, sloping lot. Hardwood floors run through the living room. The kitchen has eat-in space, and there's a bedroom and bathroom on the main floor. Upstairs are two more bedrooms. The full basement is finished with a gas fireplace in the family room, a fourth bedroom, a den, laundry, and utility space. Central air and forced air gas heating keep things comfortable. What really sets this place apart is the big heated workshop with A/C out back. It's ready for hobbies or projects, and could even be turned back into a detached garage if you'd rather have vehicle storage. There's also a shed for extra storage. The yard is private, has a garden area, and a covered deck for summer nights. Ample parking for 7 vehicles. You're 1 km from Cardinal Newman Catholic Secondary School, under 1 km to Eastgate Square, and about 1.2 km to East Side Mario's. Asking $669,000, which is right at the median for the area. Similar homes are selling in around 46 days on market.

About 42 Lake Avenue N, Hamilton — Property Score

Prime Location Hot Market

Score: 70/100

Value

Priced 10.4% below area median of $747,000 based on 1061 comparable properties nearby 86

Stable pricing - no price changes since original listing date 50

Size

4 bedrooms - 1 more than similarly priced 3-bedroom homes nearby 72

1 bathroom - 1 fewer than similarly priced properties nearby 48

7,043 sqft lot - a generous lot for the area 78

Location

$86K median household income - above the Canadian average of $70K 73

75% of residents hold postsecondary credentials - a highly educated neighbourhood 84

93% homeownership rate - indicating a stable, owner-occupied community 95

68% of residents commute under 30 minutes - excellent commuter accessibility 84

2,120/km² population density - a well-balanced suburban area 91

Market

Just listed - area average is 63 days on market 100

+33.3% median price change over 1 month - rising prices in the area 100

38.2 months of housing supply - 1871 active listings with 49 sold last month (buyer's market) 40

Features

7-car garage - more than the area average of 4.8 spots 95

Finished, Full basement - adds valuable living space 85

efficient gas forced air heating 80

Central air conditioning - whole-home cooling 90

1 fireplace - a desirable feature for Canadian winters 75

No premium extras like pool, waterfront, or view 50

Investment

0.62% effective tax rate ($4,127/yr) - below the Canadian average of ~1% 81

7% renter population - primarily owner-occupied area 38

Quality

Condition

Listing

43 photos provided - 13% more than the area average of 38 photos 92

6 of 7 key property details provided (86%) - comprehensive listing with excellent detail 86

* This property score is an approximate estimate based on publicly available data, nearby comparable listings, and automated analysis. Scores are for informational purposes only and should not be relied upon as professional appraisals or investment advice. Actual property values may vary. We recommend consulting a licensed real estate professional for accurate assessments.