641 Limeridge Road E

If you’re on the lookout for a fantastic investment opportunity, then look no further than this charming house for sale in Hamilton , located at 641 Limeridge Road E, Hamilton. Nestled in the desirable community of 182 - Thorner, this detached 1.5 storey home boasts a perfect blend of immediate rental potential and exciting development prospects. It’s not every day you come across a property that offers so much, especially one that comes with plans for three future triplexes, giving you the chance to create a total of nine income-producing units.

As you step inside this inviting abode, you’ll find a well-thought-out layout that features four spacious bedrooms and two bathrooms, making it ideal for families or tenants alike. The main kitchen is well-equipped with generous cabinetry, providing ample storage for all your culinary needs. The bright and airy living area is perfect for relaxing after a long day or entertaining guests. With a finished basement, there’s additional flex space that could easily be transformed into a second unit, enhancing the potential for rental income. Imagine the possibilities!

This house for sale in Hamilton also comes with a lovely loft area that can serve as a home office, studio, or creative retreat—whatever suits your fancy! The property is unfurnished, allowing you to add your personal touch and style to make it truly your own. The central air conditioning will keep you cool during those hot summer months, while the forced air heating system powered by natural gas ensures you stay warm and cosy in the winter.

Parking is a breeze with a private drive that accommodates three vehicles, plus an attached garage for even more convenience. With a lot size of 80 x 156 feet, there’s plenty of outdoor space to enjoy, whether you fancy a garden or simply a place for the kids to play. Although there’s no pool, the large backyard offers ample room for outdoor activities and gatherings.

Another fantastic feature of this property is its location. Situated just minutes from the LINC, public transport, schools, shopping, and major amenities, this house for sale in Hamilton is perfectly positioned for both comfort and connectivity. You’ll find everything you need right at your doorstep, making it an ideal choice for families or those looking to rent out to tenants.

Previously rented for an impressive $2,616.25 per month, this property has a proven track record of delivering strong, steady cash flow. Whether you’re a savvy investor or someone looking to make a home, this house for sale in Hamilton offers the best of both worlds. You can choose to hold onto the property as it is, enhance it further, or even embark on the exciting journey of development.

In summary, 641 Limeridge Road E, Hamilton, is not just a house; it’s a gateway to endless possibilities. With its combination of immediate rental income and the potential for future development, this property is truly a rare find. Don’t miss out on the chance to own this gem in a thriving community. Whether you’re looking to invest or make it your family home, this house for sale in Hamilton is waiting for you to seize the opportunity!

Thorner, nestled within the vibrant city of Hamilton, is a charming residential enclave that offers a delightful blend of suburban tranquillity and urban convenience. This picturesque neighbourhood is characterised by its tree-lined streets, well-maintained parks, and a strong sense of local identity. Residents enjoy easy access to essential amenities, including shops, schools, and recreational facilities, while the nearby natural landscapes provide ample opportunities for outdoor activities. With a welcoming atmosphere and a diverse population, Thorner presents an ideal setting for those seeking a peaceful yet connected lifestyle in the heart of Hamilton.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. Lawfield Elementary School, just 0.6 km away, offers both English and French language programs for grades JK to 8, boasting a solid school rating of 3.9. Additionally, St. Teresa of Calcutta Catholic Elementary School, also 0.6 km away, provides a Catholic education for the same grade range, although it currently has a school rating of 0. For secondary education, Nora Frances Henderson Secondary School is located 2.5 km from the property, offering English instruction for grades 9 to 12 with a rating of 3.6. A closer option is St. Jean de Brebeuf Catholic Secondary School, situated 1.4 km away, which offers a Catholic curriculum for grades 9 to 12 and has a commendable rating of 5. For those seeking a French-speaking environment, Sherwood Secondary School, located 3.2 km away, provides education in French for grades 9 to 12, and has a notable rating of 6.9. With a variety of schooling options nearby, this property is well-suited for families prioritizing education.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 418 residents, with an average household size of 2.9. The community is characterized by a relatively mature demographic, with an average age of 47.3 years. The average household income stands at a robust $136,000, indicating a prosperous environment, while only 6.4% of the population is classified as low-income. The housing market reflects this affluence, with an average property price of $730,000. A significant portion of the population, 43.42%, is single, and 38.46% of households include children, suggesting a balanced mix of family structures. The area is also notable for its diversity, with 42.35% of residents being immigrants. The rental market is minimal, with only 6.9% of households renting, and there are no condominiums in the vicinity. Educational attainment is high, with over half (50.67%) of the population holding a college or university degree. However, a notable 32% of residents are not in the labor force, which may reflect a combination of retirement and other factors. Overall, this demographic profile suggests a well-educated, affluent community with a diverse population and a strong sense of family.