Fixer-upper on deep Beasley lot with 6 beds

Property details for 143 Elgin Street, Hamilton

Type: Residential
Style: Other
Bedrooms: 6
Bathrooms: 3
Living Area: 1,768 square feet
Lot Size: 0.08
Stories: 3
Basement: Partially finished, Full
Parking: Detached Garage
Heating: Forced air
Cooling: None
Exterior: Brick, Vinyl siding
Ownership: Freehold
Annual Taxes: $3,150

This is a 1768 sq ft, 3-storey fixer-upper in Beasley, sitting on a 130-foot deep lot. Six bedrooms and three baths are spread across the upper floors, but it needs some work. Main floor has 10-foot ceilings, a large living room, and an eat-in kitchen with a 3pc bath. The second level has four bedrooms and a 4pc bath, and there's a third level with two more bedrooms. Hardwood floors are underfoot on the second level, waiting for refinishing. The brick-and-vinyl exterior has a large front porch. There's a detached garage off the alley. It's priced at $499K, below the neighborhood median of $560K, and sold listings are moving in about 26 days. Zoning is D/S-378, so you could potentially make it a multi-unit or multi-generational setup, but you'd need to check with the city. Walk to Beasley Park in 5 minutes, Hamilton General in 10, and Jackson Square or The Harbour Diner in about 15. Bike to the waterfront in a few minutes. This one's for someone with tools and vision.

About 143 Elgin Street, Hamilton — Property Score

Strong Investment Well Priced

Score: 69/100

Value

Priced 31.2% below area median of $724,900 based on 63 comparable properties nearby 100

$282/sqft - 27.7% below the $390/sqft area median 100

Stable pricing - no price changes since original listing date 50

Size

1,768 sqft - 52% more space than similarly priced homes (1,161 sqft median) 100

6 bedrooms - 3 more than similarly priced 3-bedroom homes nearby 96

2 bathrooms - typical for similarly priced properties 60

3,485 sqft lot - a compact lot for the area 55

Location

$33K median household income - below the Canadian average of $70K 47

55% of residents hold postsecondary credentials - an above-average education level 67

53% homeownership rate - a balanced mix of owners and renters 67

52% of residents commute under 30 minutes - good commuting convenience 71

2,519/km² population density - a well-balanced suburban area 95

Market

Just listed - area average is 89 days on market 100

+3.4% median price change over 1 month - rising prices in the area 67

32.5 months of housing supply - 1757 active listings with 54 sold last month (buyer's market) 40

Features

2-car garage - area average is 4.7 spots 80

Partially finished, Full basement - potential for additional finished space 85

standard forced air system 75

None 30

Built in 1899 (127 years old) - established home with character, older than the area average (1955) 35

No premium extras like pool, waterfront, or view 50

Investment

0.63% effective tax rate ($3,150/yr) - below the Canadian average of ~1% 81

47% renter population - moderate rental market 86

Quality

Condition

Listing

26 photos provided - below the area average of 38 photos 92

7 of 7 key property details provided (100%) - comprehensive listing with excellent detail 95

* 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.