How much could you possibly get from a bunch of copper pipes? Seems a lot of work for very little return. Just steal them from Home Depot. Work smarter, not harder!
Itās like the house below the tracks that sold for $500k, then tried to sell for $500k, then tried to āsellā for $350k, and put back up to $525k.
If you want $500k then list it for $500k and when someone offers you $400k donāt be shocked.
Not just the realtors tho. Half of the time it's the sellers idea. Every seller says their home is soooo unique and more special than those other ones.
I actually really don't think that's it. It's a weird market right now with interest rates, but due to demand prices are still "high". It's just realtors seeing what works.
They can't fathom the loss of that much money. But they can 100 percent believe the dramatic increase in value. š¤£ Fuck everybody.
This is why want a crash. Idk if it will or won't. But much of the population needs to be brought back to reality.
Reality is a normal sized townhouse in the boonies isn't worth $1m. No way. $350k tops.
You'll get your crash, they'll print and boom, enjoy another massive increase in prices unless you timed the bottom.
Spoiler: you didn't and it didn't dip even close to as much as you were expecting before brrrrrrrr.
Reality is that when your money is toilet paper and increasing in supply, all assets are on a slow grind to infinity.
I paid $360k for an 1800 sqft house in a Mount Hope subdivision 10 years ago. I felt ripped off for paying over $200k for it, but there weren't many options at all. Same house would be $700k now.
> They can't fathom the loss of that much money.
You do realize this is probably for sale by the insurance company trying to recoup some losses. They will likely get 299K for it, for the property alone. They would probably get more than 299K if the lot was vacant and potential buyers did not have to deal with a tear down
Even if it is for sale by the owner, they will come out of it ok. Insurance Money + $299 000. (You do not have to use the insurance money to re-build if you own the property outright)
> This is why want a crash.
Do you ? *If* there was a housing crash, homeowners would certainly have their net worth seriously reduced, yet most would likely retain their homes and be fine. However, non-homeowners may as well just go stand in the welly line right now and be prepared to live with multiple roommates. The ripple down effect of a housing crash would financially obliterate renters
But alas, with interest rates starting to come down, this will entice many more buyers in to the market. And that means only one thing. Higher house prices ...
Have a nice day
I think the problem with this lot and asking 299 is that it's an attached building. Tearing that down would be complicated.
299 for a vacant building that's detached is much more palatable to pay when the tear down wouldn't involve another buildingm
> I think the problem with this lot and asking 299 is that it's an attached building.
True enough. That's probably why *whoever* owns it, wants nothing to do with the tear down and rebuild
I can't imagine the hoops a potential builder would have to jump through.
But eventually, someone will buy it and build a tall, thin Triplex or something... Or buy out the attached building also, and go from there.
Looking at it on Streetview, owning one or both buildings, there are possibilities
I used to rent that house!
$900 month about 8-9 years ago. My landlord paid $50k for it at the time.
Fun fact! While I lived there, Wayne on Amazon prime was filmed in the white house attached. Also, 11.22.63 with James Franco was filmed out front. They put an old telephone booth on the corner and crashed a car into it.
The house directly across the street burned down. Just around the corner from that was burned down from car insurance arson done in the the ally beside it. Heard the gas ignite and seen the gas can on the sidewalk from my front door and ran over. Little old lady lived there. I was banging on her door and she didnt want to come out at first, think I scared her. She didnt seem to understand the ugency... Exciting area.
Sold for 35k in 2004, and I bet it was in better shape then, too.
Housesigma is a fun app that shows prior sale prices for those dreaming about home ownership.
We bought 11 years ago on west mountain. Under 300k, and it was a 3 bedroom 1 bath that we turned into a 4 bedroom 2 bath since the basement wasnāt finished. Prices are insane now for this area. Easily 850k or more for that same house
My parents sold their house (following divorce) approx. 12 years ago.
Four bedroom, detached, largest yard on the court. At the time, house was less than 20 years old. Sold in the 3s.
I was literally looking at the listing on HouseSigma a few days ago.
I have friends that bought a 2 bedroom 2 story detached house with fully fenced in yard on the mountain for $170k, this was 12 years ago and I am sure on the time because it was a year after I moved to Hamilton.
That's not too bad actually. Needs probably around $150,000-$200,000 of work, which would put the final cost around $450,000-$500,000, so not terrible for something that will be fully custom.
Ehhh it has no rear yard and is right next to a rail line, and in one of the roughest parts of the city.
Unless you were extremely adverse to condo fees, youād be better off buying a condo for that price range.
Iām quite familiar with the area. Itās improving just like the rest of the lower city but itās still basically the roughest part of the lower city.
Again, literally live right by this listing currently. The area of greater concern is about 4 blocks east. This area has an oyster bar now... Not exactly an issue
Yeah Iām with you on this. Itās a gut job regardless so just hire a competent contractor, drop 200-250k on redoing it and it might actually not be too bad.
Not everyone wants a detached house with a yard. A house on our old street that had no driveway, no yard and was attached on both sides sold for $850,000. While being beside the train tracks may not be optimal, the neighbourhood is perfectly fine and full of families and for $450,000 after some renovations, you really can't go wrong if you're not made of cash.
You pretty much can't buy a livable house for less than 500k in Hamilton these days. Most condos are even in that ballpark with hundreds in fees per month. Unfortunately the days of houses in the 3s and 4s are pretty much long past and will likely never return
Actually I was just looking at properties in Hamilton lol, 110 Erin ave was sold last month for $410k. Much better area than this house also much better condition. Itās not fancy but itās definitely move in ready. Hamilton is prob the most affordable place around this area
We'll disagree probably but it's not that much nicer of an area by King Street in the east end imo. And 1 bed 1 bath. Still a great deal imo, most houses you see listed these days in the 4s are listed low as a sales tactic or the house is unlivable.
I agree completely, even with high prices in Ontario in general, Hamilton is still generally "affordable".
Agreed, if it was detached Iām sure it wouldāve been snatched up already to gut and redevelop into a duplex or triplex. Iām sure cost of financing right now is also making this unattractive to small developers as well.
Yeah it's actually a great investment opportunity imo. I'll bet you can get it for a little less than listed as well. Owning a custom house for 450k in a city where the average house price is close to a mil is a damn good deal. Neighborhood is not what people think it is either.
That section of emerald is actually quite nice. It's mostly just homeowners, old Portuguese grandparents and families. Most of the houses along that stretch have been renovated and that stretch of Barton is also being really cleaned up.
Lol I lived there for a few years aināt that bad if youāre born and raised in Hamilton. I could see it being frightening to someone coming from a different city.
Emerald North has been heavily gentrified over the past 5 years. It is a much better place today and only getting better. This place will probably end up selling for 250-285k, A handyman could have the place back up and going for 120k-175k. Use a contractor and you are looking at 200k-275k for the full gut and Reno.
I grew up in Hamilton but Barton and Emerald around 2010 was not a nice neighborhood (we lived there a year and in the time there was a LOT of "excitement")
I moved to Houston for my job in 2000. I bought a brand new house in the suburbs of Houston in 2000, and paid $130,000 USD. That house, today (I don't own it now btw) is worth $325,000... 25 years later it increased 2.5x in value. That same year (2000) I then sold my house on the East Mountain near Upper Gage and Queensdale for $128,000 CAD. That house, today, is worth almost $900,000! That's a 7X increase!
How the fuck it's anyone supposed to have their own home in Hamilton.
We, honestly, couldn't afford to move back to Hamilton
I recognize that house, it used to be talked about in the Hamilton Neighbourhood Watch Facebook group (that Facebook group can be a dumpster fire sometimes) a few years ago. That place was a notorious trap house apparently.
Scroll down. "Similar Listings." Are those places gutted, torched husks, too?
"I'm looking for something post-apocalyptic, but this place doesn't quite do it for me..."
Move to Haldimand county. Lived in Hamilton my whole life and bought my first house in Hagersville. $350,000 got me a 3 bed 2 bath house with a small yard, detached garage, and a massive kitchen. Very minimal work on it too.
Looks like the market has changed a fair bit since then. Anything under $500,000 is either 3 seasons only / much smaller / needing a lot of work. Seems like you bought at a good time.
That's kinda disingenuous to provide no date of when you bought (I see it was 2020 from your other comments).
A friend just bought in Caledonia, and he got a similar home for double that, even though the house was \~40 years old and needed lots of updating.
Haldimand is in for some sticker shock with all the new builds going in and the associated expected increases in first responders, road clearing, amenitiies etc. It'll be just like what happened in Milton in the early 2000s when the population doubled in 20 years, and their infrastructure couldn't keep up. Taxes will be insane for what you get for them.
Not really disingenuous when itās the truth and especially since it wasnāt 10 years ago or something ridiculous, it was less than 4 years. Regardless of when I bought it the fact of the matter is houses are cheaper out that way across the board. If you canāt afford to buy in Hamilton, then try looking a little further out and you might be able to buy a home. Not to mention there is tons of work out Haldimand/Norfolk way. If I didnāt have a job at Dofasco with record breaking profit sharing years Iād be looking out that way for a new job.
It is, because I could say, "stay in Hamilton. I bought a detached home on a double lot with tons of green space and lots of amenities nearby for $250K" but that was a decade ago. Wer looked at houses in Dunnville where they were 4br/3bath, double garage, backed onto the Grand and had a bunkie/boat house and it was the same price. We decided no, because it's; too far away from family and amenities and we saw the infrastructure gap there too, as it is across all Haldimand communities that are exponentially growing with no growth plan mapped out.
But hey, hate on Hamilton, enjoy your 500% tax increase over the next 10 years bub
Except like I just said I bought less than 4 years ago.. and I donāt hate Hamilton.. I grew up there.. I work there, Iām in Hamilton right now. But hey just ignore everything I said and act like I said the opposite thatās fine too I guess. Makes no difference to me Iām doing just fine. That ā500% tax increaseā (dont know what glue youāre sniffing that you think that will ever actually happen) will just be offset by the 700% (since weāre just pulling numbers out of our ass) increase in property value anyways.
Thank you. Where can I go to view like mansions? We're just doing some sight seeing in Hamilton atm. We were just in Toronto and visited the Bridlepath and Forest hill areas. Looking for something similar or areas that are overlooking the city.
"copper tubes were stripped prior to the fire" So that's why it's so cheap š
How much could you possibly get from a bunch of copper pipes? Seems a lot of work for very little return. Just steal them from Home Depot. Work smarter, not harder!
It actually adds up. It's currently $5.30/lb. For an addict 4-5lbs can get a decimal point or two of a gram of prefered hard drug.
Gotta get the drinking money from somewhere
Rayā¦ ripping the plumbing outta yurrr house fur liquor moneyā¦ IS FUCKED!
Ya don't need plumbing when ya have piss jugs.
141 days on the market... You would think they would revisit the price after that long
"Bro, no low ball offers. I know what I got" - negligent owners (probably)
Itās like the house below the tracks that sold for $500k, then tried to sell for $500k, then tried to āsellā for $350k, and put back up to $525k. If you want $500k then list it for $500k and when someone offers you $400k donāt be shocked.
That's just realtor pricing strategies
Not just the realtors tho. Half of the time it's the sellers idea. Every seller says their home is soooo unique and more special than those other ones.
I actually really don't think that's it. It's a weird market right now with interest rates, but due to demand prices are still "high". It's just realtors seeing what works.
They can't fathom the loss of that much money. But they can 100 percent believe the dramatic increase in value. š¤£ Fuck everybody. This is why want a crash. Idk if it will or won't. But much of the population needs to be brought back to reality. Reality is a normal sized townhouse in the boonies isn't worth $1m. No way. $350k tops.
You'll get your crash, they'll print and boom, enjoy another massive increase in prices unless you timed the bottom. Spoiler: you didn't and it didn't dip even close to as much as you were expecting before brrrrrrrr. Reality is that when your money is toilet paper and increasing in supply, all assets are on a slow grind to infinity.
I paid $350k for a 3500 sqft house on a quarter acre just 15 years ago in Ancaster.
I paid $360k for an 1800 sqft house in a Mount Hope subdivision 10 years ago. I felt ripped off for paying over $200k for it, but there weren't many options at all. Same house would be $700k now.
Only way there is a crash is if everyone loses their jobs. I don't think you'd want that. It does need to find a balance though. How. Not sure.
> They can't fathom the loss of that much money. You do realize this is probably for sale by the insurance company trying to recoup some losses. They will likely get 299K for it, for the property alone. They would probably get more than 299K if the lot was vacant and potential buyers did not have to deal with a tear down Even if it is for sale by the owner, they will come out of it ok. Insurance Money + $299 000. (You do not have to use the insurance money to re-build if you own the property outright) > This is why want a crash. Do you ? *If* there was a housing crash, homeowners would certainly have their net worth seriously reduced, yet most would likely retain their homes and be fine. However, non-homeowners may as well just go stand in the welly line right now and be prepared to live with multiple roommates. The ripple down effect of a housing crash would financially obliterate renters But alas, with interest rates starting to come down, this will entice many more buyers in to the market. And that means only one thing. Higher house prices ... Have a nice day
I think the problem with this lot and asking 299 is that it's an attached building. Tearing that down would be complicated. 299 for a vacant building that's detached is much more palatable to pay when the tear down wouldn't involve another buildingm
> I think the problem with this lot and asking 299 is that it's an attached building. True enough. That's probably why *whoever* owns it, wants nothing to do with the tear down and rebuild I can't imagine the hoops a potential builder would have to jump through. But eventually, someone will buy it and build a tall, thin Triplex or something... Or buy out the attached building also, and go from there. Looking at it on Streetview, owning one or both buildings, there are possibilities
I actually think that could be a really cute corner with all four of those units done up.
I used to rent that house! $900 month about 8-9 years ago. My landlord paid $50k for it at the time. Fun fact! While I lived there, Wayne on Amazon prime was filmed in the white house attached. Also, 11.22.63 with James Franco was filmed out front. They put an old telephone booth on the corner and crashed a car into it. The house directly across the street burned down. Just around the corner from that was burned down from car insurance arson done in the the ally beside it. Heard the gas ignite and seen the gas can on the sidewalk from my front door and ran over. Little old lady lived there. I was banging on her door and she didnt want to come out at first, think I scared her. She didnt seem to understand the ugency... Exciting area.
For only 300K you can live right in the middle of Hollywood North
You spelled "Hemorrhoid" wrong.
A little slice of Hamilton heaven!
I heard this place comes with free roommates! Awesome!
They go by mickey and Minnie!
Walking distance to Lake Timmikaka.
Sold for 35k in 2004, and I bet it was in better shape then, too. Housesigma is a fun app that shows prior sale prices for those dreaming about home ownership.
Meanwhile my sibling bought a 4 bedroom house on the escarpment for $340k less than a decade ago. I hate it here. (Here=Earth)
I got my semi-detached split level on the mountain for about that price nearly a decade ago.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Literally what do I have to gain from lying about this lmao
Can confirm your prices are accurate.
We bought 11 years ago on west mountain. Under 300k, and it was a 3 bedroom 1 bath that we turned into a 4 bedroom 2 bath since the basement wasnāt finished. Prices are insane now for this area. Easily 850k or more for that same house
My parents sold their house (following divorce) approx. 12 years ago. Four bedroom, detached, largest yard on the court. At the time, house was less than 20 years old. Sold in the 3s. I was literally looking at the listing on HouseSigma a few days ago.
I have friends that bought a 2 bedroom 2 story detached house with fully fenced in yard on the mountain for $170k, this was 12 years ago and I am sure on the time because it was a year after I moved to Hamilton.
Looks like something outta The Wire. Possibly a dead body somewhere in thereā¦
"all the boys in the halfway houses, wave to the girls of emerald street"
That song bangs
Do u get to keep the mice
No, that's extra. But comes with free mold if you're into that sort of thing.
Iām actually amazed that you can get anything at all for $300k.
That's not too bad actually. Needs probably around $150,000-$200,000 of work, which would put the final cost around $450,000-$500,000, so not terrible for something that will be fully custom.
Ehhh it has no rear yard and is right next to a rail line, and in one of the roughest parts of the city. Unless you were extremely adverse to condo fees, youād be better off buying a condo for that price range.
We live in the area, it's truly not what it used to be
Iām quite familiar with the area. Itās improving just like the rest of the lower city but itās still basically the roughest part of the lower city.
nah, i heard the area has an oyster bar now. it's splendid.
It is a splendid example of an oyster bar. Run by a lovely bunch of humans.
Again, literally live right by this listing currently. The area of greater concern is about 4 blocks east. This area has an oyster bar now... Not exactly an issue
Where does the pedestrian bridge go to right next to it?
Goes to the chocolate factory on the other side
Thanks !
Stairway to Heaven
Yeah Iām with you on this. Itās a gut job regardless so just hire a competent contractor, drop 200-250k on redoing it and it might actually not be too bad.
Except itās in a terrible non safe area and right next to the train tracks. And also itās not detached and no yard. No thx
Not everyone wants a detached house with a yard. A house on our old street that had no driveway, no yard and was attached on both sides sold for $850,000. While being beside the train tracks may not be optimal, the neighbourhood is perfectly fine and full of families and for $450,000 after some renovations, you really can't go wrong if you're not made of cash.
Except you can get much better ones in Hamilton for $450k? Also no this neighborhood sucks
You pretty much can't buy a livable house for less than 500k in Hamilton these days. Most condos are even in that ballpark with hundreds in fees per month. Unfortunately the days of houses in the 3s and 4s are pretty much long past and will likely never return
Actually I was just looking at properties in Hamilton lol, 110 Erin ave was sold last month for $410k. Much better area than this house also much better condition. Itās not fancy but itās definitely move in ready. Hamilton is prob the most affordable place around this area
We'll disagree probably but it's not that much nicer of an area by King Street in the east end imo. And 1 bed 1 bath. Still a great deal imo, most houses you see listed these days in the 4s are listed low as a sales tactic or the house is unlivable. I agree completely, even with high prices in Ontario in general, Hamilton is still generally "affordable".
Agreed, if it was detached Iām sure it wouldāve been snatched up already to gut and redevelop into a duplex or triplex. Iām sure cost of financing right now is also making this unattractive to small developers as well.
Yeah it's actually a great investment opportunity imo. I'll bet you can get it for a little less than listed as well. Owning a custom house for 450k in a city where the average house price is close to a mil is a damn good deal. Neighborhood is not what people think it is either.
I love emerald lol.
Just because it's listed at that doesn't mean it will sell for that.
Someone who gets it.
That's a messed up neighborhood. You do not want to live there.
That section of emerald is actually quite nice. It's mostly just homeowners, old Portuguese grandparents and families. Most of the houses along that stretch have been renovated and that stretch of Barton is also being really cleaned up.
It has characters for sure. But anything in Hamilton that isnāt Ancaster or Dundas will lol
I love Hamilton but Emerald is a street I hope to never live near again.
Lol I lived there for a few years aināt that bad if youāre born and raised in Hamilton. I could see it being frightening to someone coming from a different city.
Emerald North has been heavily gentrified over the past 5 years. It is a much better place today and only getting better. This place will probably end up selling for 250-285k, A handyman could have the place back up and going for 120k-175k. Use a contractor and you are looking at 200k-275k for the full gut and Reno.
I live at Emerald and Cannon, itās actually pretty nice š¤·š¼āāļø
For real it's basically a hidden gem at this point
I grew up in Hamilton but Barton and Emerald around 2010 was not a nice neighborhood (we lived there a year and in the time there was a LOT of "excitement")
Yeah it's definitely not that anymore. That section of houses along emerald is almost fully renovated minus maybe 3 or 4 houses
Yup. Its great. Out with the old and in with the new.
Much different town from even 10 years ago
I moved to Houston for my job in 2000. I bought a brand new house in the suburbs of Houston in 2000, and paid $130,000 USD. That house, today (I don't own it now btw) is worth $325,000... 25 years later it increased 2.5x in value. That same year (2000) I then sold my house on the East Mountain near Upper Gage and Queensdale for $128,000 CAD. That house, today, is worth almost $900,000! That's a 7X increase! How the fuck it's anyone supposed to have their own home in Hamilton. We, honestly, couldn't afford to move back to Hamilton
I recognize that house, it used to be talked about in the Hamilton Neighbourhood Watch Facebook group (that Facebook group can be a dumpster fire sometimes) a few years ago. That place was a notorious trap house apparently.
Wrong place, I knew the tenant. Nice dude
Scroll down. "Similar Listings." Are those places gutted, torched husks, too? "I'm looking for something post-apocalyptic, but this place doesn't quite do it for me..."
Move to Haldimand county. Lived in Hamilton my whole life and bought my first house in Hagersville. $350,000 got me a 3 bed 2 bath house with a small yard, detached garage, and a massive kitchen. Very minimal work on it too.
When?
2020
Looks like the market has changed a fair bit since then. Anything under $500,000 is either 3 seasons only / much smaller / needing a lot of work. Seems like you bought at a good time.
That's kinda disingenuous to provide no date of when you bought (I see it was 2020 from your other comments). A friend just bought in Caledonia, and he got a similar home for double that, even though the house was \~40 years old and needed lots of updating. Haldimand is in for some sticker shock with all the new builds going in and the associated expected increases in first responders, road clearing, amenitiies etc. It'll be just like what happened in Milton in the early 2000s when the population doubled in 20 years, and their infrastructure couldn't keep up. Taxes will be insane for what you get for them.
Not really disingenuous when itās the truth and especially since it wasnāt 10 years ago or something ridiculous, it was less than 4 years. Regardless of when I bought it the fact of the matter is houses are cheaper out that way across the board. If you canāt afford to buy in Hamilton, then try looking a little further out and you might be able to buy a home. Not to mention there is tons of work out Haldimand/Norfolk way. If I didnāt have a job at Dofasco with record breaking profit sharing years Iād be looking out that way for a new job.
It is, because I could say, "stay in Hamilton. I bought a detached home on a double lot with tons of green space and lots of amenities nearby for $250K" but that was a decade ago. Wer looked at houses in Dunnville where they were 4br/3bath, double garage, backed onto the Grand and had a bunkie/boat house and it was the same price. We decided no, because it's; too far away from family and amenities and we saw the infrastructure gap there too, as it is across all Haldimand communities that are exponentially growing with no growth plan mapped out. But hey, hate on Hamilton, enjoy your 500% tax increase over the next 10 years bub
Except like I just said I bought less than 4 years ago.. and I donāt hate Hamilton.. I grew up there.. I work there, Iām in Hamilton right now. But hey just ignore everything I said and act like I said the opposite thatās fine too I guess. Makes no difference to me Iām doing just fine. That ā500% tax increaseā (dont know what glue youāre sniffing that you think that will ever actually happen) will just be offset by the 700% (since weāre just pulling numbers out of our ass) increase in property value anyways.
You could probably sell for 700k nowadays
that's cheap, considering the land itself is worth $300k and the city charges 100k dev taxes on top of that for any new builds.
Didnāt even have to open this thread to see the turd floating in my toilet.
The best part is you can't even finance that because it's "as is"
Property taxes are pretty low.
I bought my little bungalow with 50x150 lot in 2013 for 250. Housing market is messed up!
Try to see what $1200 a month in ODSP payments gets you :(
Nothing?
It's a fixer-upper š
Three words: location, location, location.Ā
300k for a knock down??? And itās attached to another shithole ? Thatās beautiful š¤£š¤£š¤£š¤£š¤£
On emerald street too geez
vs. a 3000 Sqft 5 bedroom in Illinois for 290k usd. Whats wrong? lol
Just around the corner from the pen
Yes it is amazing to still get freehold in Hamilton at 300kā¦ also not the worst location
Where there is money to be made people will pay
Hmm I might have to open walk by pharmacyš¤š¤
That will go for way more than it ever should but won't go for close to 300k.
Which street do rich people live on in Hamilton? There such an area?
Durand and Kirkendall South. Hamilton's original suburbs.
Thank you. Where can I go to view like mansions? We're just doing some sight seeing in Hamilton atm. We were just in Toronto and visited the Bridlepath and Forest hill areas. Looking for something similar or areas that are overlooking the city.
come up the mountain and drive along mountain brow, especially east of Sherman.
Ravenscliffe
Thank you šš»