#405 - 222 Jackson St. W. - CMA Valuation

Page 1

Researched and prepared by

Shawna Connelly

Subject Property

222 JACKSON Street W #405 Hamilton, Ontario

Prepared exclusively for

L8P 4S5

Michael & Anna Casciano Prepared on February 19, 2021

Shawna Connelly Royal LePage State Realty 115 #8 Highway Stoney Creek, ON L8G 1C1 (905) 662-6666 shawnaconnelly@royallepage.ca

Copyright: 2021 All rights reserved. All rights reserved. Information is from sources deemed reliable, but not guaranteed. Unauthorized distribution, reproduction, or sale of this data is prohibited. This is a broker price opinion or comparative market analysis and should not be considered an appraisal. In making any decision that relies upon my work, you should know that I have not followed the guidelines for development of an appraisal or analysis contained in the Uniform Standards of Professional Appraisal Practice of the Appraisal Foundation.


222 JACKSON Street W #405 Hamilton, L8P 4S5

Friday, February 19, 2021

Summary of Comparable Listings This page summarizes the comparable listings contained in this market analysis.

Active Listings Address 222 JACKSON Street W #405 135 James Street S #1208, Hamilton 135 JAMES Street S #106, Hamilton

Price

$369,900 $399,900 $384,900

Averages:

2 2 2.0

2 2 2.0

SqFt 975 1,050 900 975

$/SqFt 235.9 $352.29 $444.33 $398.31

1 2 2 2 1 1 2 2 1 2 2 1 1 1.5

SqFt 975 950 1,020 1,050 1,010 1,005 948 1,050 1,050 948 1,020 1,050 900 835 987

$/SqFt 235.9 $325.26 $324.51 $321.43 $336.63 $346.27 $369.20 $333.33 $338.10 $375.26 $349.02 $345.90 $405.56 $455.09 $355.81

List Date

02/07/2021 02/16/2021

Sold Listings Address 222 JACKSON Street W #405 25 Mountwood Avenue #14, Hamilton 135 James Street S #210, Hamilton 135 JAMES Street S #1008, Hamilton 135 JAMES Street S #1002, Hamilton 120 DUKE Street #201, Hamilton 362 JOHN Street S #5, Hamilton 135 JAMES Street S #508, Hamilton 135 JAMES Street S #408, Hamilton 174 HERKIMER Street #304, Hamilton 135 James Street S #310, Hamilton 135 JAMES Street S #808, Hamilton 69 Herkimer Street #603, Hamilton 9 Rockwood Place #8, Hamilton

Price

$309,000 $330,999 $337,500 $340,000 $348,000 $350,000 $350,000 $355,000 $355,750 $356,000 $363,200 $365,000 $380,000 $349,265

Averages:

2 2 2 2 2 2 2 2 2 2 2 2 2 2.0

Sale Date

11/02/2020 02/01/2021 11/25/2020 08/29/2020 01/15/2021 01/29/2021 08/25/2020 01/27/2021 11/30/2020 02/11/2021 08/28/2020 01/28/2021 02/09/2021

Low

Median

Average

High

Count

Comparable Price

$309,000

$355,000

$354,017

$399,900

15

Adjusted Comparable Price

$316,500

$348,500

$352,017

$392,400

15

On Average, the 'Sold' status comparable listings sold in 21 days for $349,265

Researched and prepared by Shawna Connelly

Royal LePage State Realty

This is a comparative market analysis and should not be considered an appraisal. All information regardless of source is deemed reliable but not guaranteed. All rights reserved. Copyright RAHB 2021.


222 JACKSON Street W #405 Hamilton, L8P 4S5 Friday, February 19, 2021

CMA Price Adjustments This page outlines the subject property versus comparables properties.

Subject Property 222 JACKSON Street W #405 H4083846 MLS® # Hamilton City Residential Prop Type Condominium Sub Type Sale Trans Type Status Hamilton Region Hamilton West (12) Munic/Area Nbrhd/Sub-Area Durand North (122) 2 Beds 1.1 Baths Total 4 # Rooms None Basement 07/28/2020 List Date $239,900 List Price 8/25/2020 Sale Date $230,000 Sale Price Parking Spaces 1 1spaces / Underground Garage less than .50 Acres/Range Sqft Total/Rng 975 Lot Frontage Year Built/Age - / 31-50 Years Taxes/Tax Year Total # Units Gas Heat Source Forced Air Heat Type Air Conditioning - / None 1 Storey/Apartment Style Style/Type Frontage Depth Bsmnt Finish

Price Total Adjustments Adjusted Price

Details

135 James Street S #1208 H4097183 Hamilton Residential Condominium Sale Active Hamilton Hamilton West (12) Durand North (122) 2 2.0 4

Adjust

Details

Adjust

135 JAMES Street S #106 H4097869 Hamilton Residential Condominium Sale Active Hamilton Hamilton West (12) Durand North (122) 2 -7,500 2.0 4

02/07/2021 $369,900

02/16/2021 $399,900

0 0 spaces / None

1 1 spaces / Underground

1,050 0 - / 6-15 Years $3,305 / 2020

900

Gas

Gas Forced Air

1 Storey/Apartment Style 0 0

1 Storey/Apartment Style

-7,500

1967 / 16-30 Years $3,607 / 2020

$369,900 $-7,500 $362,400 Researched and prepared by Shawna Connelly

$399,900 $-7,500 $392,400 Royal LePage State Realty

This is a comparative market analysis and should not be considered an appraisal. All information regardless of source is deemed reliable but not guaranteed. All rights reserved. Copyright RAHB 2021.


222 JACKSON Street W #405 Hamilton, L8P 4S5 Friday, February 19, 2021

CMA Price Adjustments This page outlines the subject property versus comparables properties.

Subject Property 222 JACKSON Street W #405 H4083846 MLS® # Hamilton City Residential Prop Type Condominium Sub Type Sale Trans Type Status Hamilton Region Hamilton West (12) Munic/Area Nbrhd/Sub-Area Durand North (122) 2 Beds 1.1 Baths Total 4 # Rooms None Basement 07/28/2020 List Date $239,900 List Price 8/25/2020 Sale Date $230,000 Sale Price Parking Spaces 1 1spaces / Underground Garage less than .50 Acres/Range Sqft Total/Rng 975 Lot Frontage Year Built/Age - / 31-50 Years Taxes/Tax Year Total # Units Gas Heat Source Forced Air Heat Type Air Conditioning - / None 1 Storey/Apartment Style Style/Type Frontage Depth Bsmnt Finish

Price Total Adjustments Adjusted Price

Details

25 Mountwood Avenue #14 H4091397 Hamilton Residential Condominium Sale Sold Hamilton Hamilton West (12) Durand South (124) 2 1.0 5

Adjust

Details

Adjust

135 James Street S #210 H4093874 Hamilton Residential Condominium Sale Sold Hamilton Hamilton West (12) Durand North (122) 2 7,500 2.0 5

10/22/2020 $309,900 11/02/2020 $309,000 0 - / None

11/28/2020 $329,900 02/01/2021 $330,999 0 - / None

950

1,020

- / 51-99 Years $1,284 / 2020

- / 6-15 Years $3,138 / 2020

Gas Radiant

Gas Forced Air

1 Storey/Apartment Style

1 Storey/Apartment Style

$309,000 $7,500 $316,500 Researched and prepared by Shawna Connelly

-7,500

$330,999 $-7,500 $323,499 Royal LePage State Realty

This is a comparative market analysis and should not be considered an appraisal. All information regardless of source is deemed reliable but not guaranteed. All rights reserved. Copyright RAHB 2021.


222 JACKSON Street W #405 Hamilton, L8P 4S5 Friday, February 19, 2021

CMA Price Adjustments This page outlines the subject property versus comparables properties.

Subject Property 222 JACKSON Street W #405 H4083846 MLS® # Hamilton City Residential Prop Type Condominium Sub Type Sale Trans Type Status Hamilton Region Hamilton West (12) Munic/Area Nbrhd/Sub-Area Durand North (122) 2 Beds 1.1 Baths Total 4 # Rooms None Basement 07/28/2020 List Date $239,900 List Price 8/25/2020 Sale Date $230,000 Sale Price Parking Spaces 1 1spaces / Underground Garage less than .50 Acres/Range Sqft Total/Rng 975 Lot Frontage Year Built/Age - / 31-50 Years Taxes/Tax Year Total # Units Gas Heat Source Forced Air Heat Type Air Conditioning - / None 1 Storey/Apartment Style Style/Type Frontage Depth Bsmnt Finish

Price Total Adjustments Adjusted Price

Details

135 JAMES Street S #1008 H4092833 Hamilton Residential Condominium Sale Sold Hamilton Hamilton West (12) Durand South (124) 2 2.0 4 None 11/11/2020 $340,000 11/25/2020 $337,500 0 0 spaces / None

Adjust

Details

Adjust

135 JAMES Street S #1002 H4085898 Hamilton Residential Condominium Sale Sold Hamilton Hamilton West (12) Durand South (124) 2 -7,500 2.0 4 None 08/20/2020 $339,905 08/29/2020 $340,000 0 0 spaces / Underground

1,050 0 - / 16-30 Years $3,304 / 2020

1,010

Gas Well Forced Air

Gas Forced Air

1 Storey/Apartment Style 0 0

1 Storey/Apartment Style

-7,500

- / 16-30 Years $3,185 / 2020

$337,500 $-7,500 $330,000 Researched and prepared by Shawna Connelly

$340,000 $-7,500 $332,500 Royal LePage State Realty

This is a comparative market analysis and should not be considered an appraisal. All information regardless of source is deemed reliable but not guaranteed. All rights reserved. Copyright RAHB 2021.


222 JACKSON Street W #405 Hamilton, L8P 4S5 Friday, February 19, 2021

CMA Price Adjustments This page outlines the subject property versus comparables properties.

Subject Property 222 JACKSON Street W #405 H4083846 MLS® # Hamilton City Residential Prop Type Condominium Sub Type Sale Trans Type Status Hamilton Region Hamilton West (12) Munic/Area Nbrhd/Sub-Area Durand North (122) 2 Beds 1.1 Baths Total 4 # Rooms None Basement 07/28/2020 List Date $239,900 List Price 8/25/2020 Sale Date $230,000 Sale Price Parking Spaces 1 1spaces / Underground Garage less than .50 Acres/Range Sqft Total/Rng 975 Lot Frontage Year Built/Age - / 31-50 Years Taxes/Tax Year Total # Units Gas Heat Source Forced Air Heat Type Air Conditioning - / None 1 Storey/Apartment Style Style/Type Frontage Depth Bsmnt Finish

Price Total Adjustments Adjusted Price

Details

Adjust

Details

Adjust

120 DUKE Street #201 H4095308 Hamilton Residential Condominium Sale Sold Hamilton Hamilton West (12) Durand South (124) 2 1.1 4 None - Unfinished 01/07/2021 $338,800 01/15/2021 $348,000 1 1 spaces / Underground

362 JOHN Street S #5 H4095978 Hamilton Residential Condominium Sale Sold Hamilton Hamilton West (12) Kirkendall West (120) 2 1.0 5

1,005 - / 31-50 Years $1,794 / 2020

948 0 - / 51-99 Years $1,996 / 2020

Gas Forced Air

Gas Hot Water

1 Storey/Apartment Style

1 Storey/Apartment Style 0 0

7,500

01/29/2021 $350,000 01/29/2021 $350,000 1 - / None

Unfinished

$348,000 $0 $348,000 Researched and prepared by Shawna Connelly

$350,000 $7,500 $357,500 Royal LePage State Realty

This is a comparative market analysis and should not be considered an appraisal. All information regardless of source is deemed reliable but not guaranteed. All rights reserved. Copyright RAHB 2021.


222 JACKSON Street W #405 Hamilton, L8P 4S5 Friday, February 19, 2021

CMA Price Adjustments This page outlines the subject property versus comparables properties.

Subject Property 222 JACKSON Street W #405 H4083846 MLS® # Hamilton City Residential Prop Type Condominium Sub Type Sale Trans Type Status Hamilton Region Hamilton West (12) Munic/Area Nbrhd/Sub-Area Durand North (122) 2 Beds 1.1 Baths Total 4 # Rooms None Basement 07/28/2020 List Date $239,900 List Price 8/25/2020 Sale Date $230,000 Sale Price Parking Spaces 1 1spaces / Underground Garage less than .50 Acres/Range Sqft Total/Rng 975 Lot Frontage Year Built/Age - / 31-50 Years Taxes/Tax Year Total # Units Gas Heat Source Forced Air Heat Type Air Conditioning - / None 1 Storey/Apartment Style Style/Type Frontage Depth Bsmnt Finish

Price Total Adjustments Adjusted Price

Details

135 JAMES Street S #508 H4083048 Hamilton Residential Condominium Sale Sold Hamilton Hamilton West (12) Durand North (122) 2 2.0 4 07/17/2020 $358,000 08/25/2020 $350,000 1 1 spaces / Underground

Adjust

Details

Adjust

135 JAMES Street S #408 H4096180 Hamilton Residential Condominium Sale Sold Hamilton Hamilton West (12) Durand North (122) 2 -7,500 2.0 4 None - Unfinished 01/25/2021 $349,900 01/27/2021 $355,000 0 0 spaces / None

1,050 0 - / 16-30 Years $3,304 / 2020

1,050 0 1967 / 51-99 Years $3,209 / 2020

Gas Forced Air

Gas Forced Air

1 Storey/Apartment Style 0 0

1 Storey/Apartment Style 0 0 Unfinished

$350,000 $-7,500 $342,500 Researched and prepared by Shawna Connelly

-7,500

$355,000 $-7,500 $347,500 Royal LePage State Realty

This is a comparative market analysis and should not be considered an appraisal. All information regardless of source is deemed reliable but not guaranteed. All rights reserved. Copyright RAHB 2021.


222 JACKSON Street W #405 Hamilton, L8P 4S5 Friday, February 19, 2021

CMA Price Adjustments This page outlines the subject property versus comparables properties.

Subject Property 222 JACKSON Street W #405 H4083846 MLS® # Hamilton City Residential Prop Type Condominium Sub Type Sale Trans Type Status Hamilton Region Hamilton West (12) Munic/Area Nbrhd/Sub-Area Durand North (122) 2 Beds 1.1 Baths Total 4 # Rooms None Basement 07/28/2020 List Date $239,900 List Price 8/25/2020 Sale Date $230,000 Sale Price Parking Spaces 1 1spaces / Underground Garage less than .50 Acres/Range Sqft Total/Rng 975 Lot Frontage Year Built/Age - / 31-50 Years Taxes/Tax Year Total # Units Gas Heat Source Forced Air Heat Type Air Conditioning - / None 1 Storey/Apartment Style Style/Type Frontage Depth Bsmnt Finish

Price Total Adjustments Adjusted Price

Details

174 HERKIMER Street #304 H4091481 Hamilton Residential Condominium Sale Sold Hamilton Hamilton West (12) Durand North (122) 2 1.0 5 None 10/22/2020 $365,000 11/30/2020 $355,750 1 0 spaces / None

Adjust

Details

Adjust

135 James Street S #310 H4095981 Hamilton Residential Condominium Sale Sold Hamilton Hamilton West (12) Durand North (122) 2 7,500 2.0 5

-7,500

01/26/2021 $339,900 02/11/2021 $356,000 0 - / None

948 0 1960 / 51-99 Years $2,175 / 2020

1,020

Gas Radiant

Gas

1 Storey/Apartment Style 0 0

1 Storey/Apartment Style

- / 6-15 Years $3,138 / 2020

$355,750 $7,500 $363,250 Researched and prepared by Shawna Connelly

$356,000 $-7,500 $348,500 Royal LePage State Realty

This is a comparative market analysis and should not be considered an appraisal. All information regardless of source is deemed reliable but not guaranteed. All rights reserved. Copyright RAHB 2021.


222 JACKSON Street W #405 Hamilton, L8P 4S5 Friday, February 19, 2021

CMA Price Adjustments This page outlines the subject property versus comparables properties.

Subject Property 222 JACKSON Street W #405 H4083846 MLS® # Hamilton City Residential Prop Type Condominium Sub Type Sale Trans Type Status Hamilton Region Hamilton West (12) Munic/Area Nbrhd/Sub-Area Durand North (122) 2 Beds 1.1 Baths Total 4 # Rooms None Basement 07/28/2020 List Date $239,900 List Price 8/25/2020 Sale Date $230,000 Sale Price Parking Spaces 1 1spaces / Underground Garage less than .50 Acres/Range Sqft Total/Rng 975 Lot Frontage Year Built/Age - / 31-50 Years Taxes/Tax Year Total # Units Gas Heat Source Forced Air Heat Type Air Conditioning - / None 1 Storey/Apartment Style Style/Type Frontage Depth Bsmnt Finish

Price Total Adjustments Adjusted Price

Details

135 JAMES Street S #808 H4085983 Hamilton Residential Condominium Sale Sold Hamilton Hamilton West (12) Durand North (122) 2 2.0 4 08/20/2020 $358,000 08/28/2020 $363,200 1 1 spaces / Underground

Adjust

Details

Adjust

69 Herkimer Street #603 H4094087 Hamilton Residential Condominium Sale Sold Hamilton Hamilton West (12) Durand North (122) 2 -7,500 1.0 4 None - Unfinished 12/02/2020 $399,900 01/28/2021 $365,000 1 - / None

1,050 0 1967 / 51-99 Years $3,304 / 2020

900

Gas

Gas Baseboard, Radiant

1 Storey/Apartment Style 0 0

1 Storey/Apartment Style

7,500

- / 51-99 Years $1,560 / 2020

Unfinished

$363,200 $-7,500 $355,700 Researched and prepared by Shawna Connelly

$365,000 $7,500 $372,500 Royal LePage State Realty

This is a comparative market analysis and should not be considered an appraisal. All information regardless of source is deemed reliable but not guaranteed. All rights reserved. Copyright RAHB 2021.


222 JACKSON Street W #405 Hamilton, L8P 4S5 Friday, February 19, 2021

CMA Price Adjustments This page outlines the subject property versus comparables properties.

Subject Property 222 JACKSON Street W #405 H4083846 MLS® # Hamilton City Residential Prop Type Condominium Sub Type Sale Trans Type Status Hamilton Region Hamilton West (12) Munic/Area Nbrhd/Sub-Area Durand North (122) 2 Beds 1.1 Baths Total 4 # Rooms None Basement 07/28/2020 List Date $239,900 List Price 8/25/2020 Sale Date $230,000 Sale Price Parking Spaces 1 1spaces / Underground Garage less than .50 Acres/Range Sqft Total/Rng 975 Lot Frontage Year Built/Age - / 31-50 Years Taxes/Tax Year Total # Units Gas Heat Source Forced Air Heat Type Air Conditioning - / None 1 Storey/Apartment Style Style/Type Frontage Depth Bsmnt Finish

Price Total Adjustments Adjusted Price

Details

9 Rockwood Place #8 H4097313 Hamilton Residential Condominium Sale Sold Hamilton Hamilton West (12) Kirkendall West (120) 2 1.0 5

Adjust

7,500

02/09/2021 $324,900 02/09/2021 $380,000 1 0 spaces / None 835 - / 51-99 Years $1,854 / 2020 Gas Radiant 1 Storey/Apartment Style

$380,000 $7,500 $387,500 Researched and prepared by Shawna Connelly

Royal LePage State Realty

This is a comparative market analysis and should not be considered an appraisal. All information regardless of source is deemed reliable but not guaranteed. All rights reserved. Copyright RAHB 2021.


222 JACKSON Street W #405 Hamilton, L8P 4S5

Friday, February 19, 2021

Minimums and Maximums This page summarizes key fields of the listings in this analysis.

The listings in this analysis can be summarized as follows: Listing Price between $309,900 and $399,900 Sale Price between $309,000 and $380,000 835 to 1,050 Square Feet $323.43 to $444.33 per Square Foot $321.43 to $455.09 per Sold Square Foot

Researched and prepared by Shawna Connelly

Royal LePage State Realty

This is a comparative market analysis and should not be considered an appraisal. All information regardless of source is deemed reliable but not guaranteed. All rights reserved. Copyright RAHB 2021.


222 JACKSON Street W #405 Hamilton, Ontario

Friday, February 19, 2021

Number of Days On Market This chart illustrates the level of excitement and interest in a new listing over time. It also demonstrates the importance of pricing correctly. When a property is first listed, it generates a very high level of interest from prospective buyers, which reduces dramatically over time. It is important to be priced correctly from the beginning, during the peak of this curve.

Days On Market 70

Days On Market

60 50 40 DOM

30 20 10

H

H

40

97 40 869 9 H 73 40 13 9 H 71 40 83 9 H 59 40 78 9 H 59 40 81 9 H 61 40 80 9 H 53 40 08 9 H 40 40 87 9 H 38 40 74 9 H 28 40 33 9 H 13 40 97 9 H 14 40 81 8 H 59 40 83 8 H 58 40 98 83 04 8

0

MLS® #

Researched and prepared by Shawna Connelly

Royal LePage State Realty

This is a comparative market analysis and should not be considered an appraisal. All information regardless of source is deemed reliable but not guaranteed. All rights reserved. Copyright RAHB 2021.


222 JACKSON Street W #405 Hamilton, Ontario

Friday, February 19, 2021

List Price and Sale Price This graph illustrates the list price, along with the sale price in Sold listings.

Price Graph 400K 350K 300K

Price

250K List Price Sale Price

200K 150K 100K 50K

H

H

40

97 40 869 9 H 731 40 9 3 H 718 40 95 3 H 40 978 9 H 598 40 9 1 H 618 40 9 0 H 530 40 94 8 H 40 087 9 H 387 40 9 4 H 283 40 91 3 H 40 397 9 H 148 40 8 1 H 598 40 3 8 H 589 40 83 8 04 8

0K

MLS® #

Researched and prepared by Shawna Connelly

Royal LePage State Realty

This is a comparative market analysis and should not be considered an appraisal. All information regardless of source is deemed reliable but not guaranteed. All rights reserved. Copyright RAHB 2021.


222 JACKSON Street W #405 Hamilton, L8P 4S5

Friday, February 19, 2021

Brief Summary of Compared Listings This report summarizes the comparable listings contained in this market analysis. Status: Active List Date

Address

H4097183

02/07/2021

135 James Street S #1208

Condominium

H4097869

02/16/2021

135 JAMES Street S #106

Condominium

MLS® #

Prop Sub Type

Averages:

SqFt

Bds

Bth

L Price

1,050

2

2.0

$369,900

S Price

SP/LP

DOM 12

900

2

2.0

$399,900

3

975

2.0

2.0

$384,900

8

SqFt

Bds

Bth

L Price

S Price

Status: Sold Sale Date

Address

H4091397

11/02/2020

25 Mountwood Avenue #14

Condominium

950

2

1.0

$309,900

$309,000

99.7

11

H4097313

02/09/2021

9 Rockwood Place #8

Condominium

835

2

1.0

$324,900

$380,000

117.0

0

H4093874

02/01/2021

135 James Street S #210

Condominium

1,020

2

2.0

$329,900

$330,999

100.3

65

H4095308

01/15/2021

120 DUKE Street #201

Condominium

1,005

2

1.1

$338,800

$348,000

102.7

8

H4095981

02/11/2021

135 James Street S #310

Condominium

1,020

2

2.0

$339,900

$356,000

104.7

16 9

MLS® #

Prop Sub Type

SP/LP

DOM

H4085898

08/29/2020

135 JAMES Street S #1002

Condominium

1,010

2

2.0

$339,905

$340,000

100.0

H4092833

11/25/2020

135 JAMES Street S #1008

Condominium

1,050

2

2.0

$340,000

$337,500

99.3

14

H4096180

01/27/2021

135 JAMES Street S #408

Condominium

1,050

2

2.0

$349,900

$355,000

101.5

2

H4095978

01/29/2021

362 JOHN Street S #5

Condominium

948

2

1.0

$350,000

$350,000

100.0

0

H4085983

08/28/2020

135 JAMES Street S #808

Condominium

1,050

2

2.0

$358,000

$363,200

101.5

8

H4083048

08/25/2020

135 JAMES Street S #508

Condominium

1,050

2

2.0

$358,000

$350,000

97.8

39

H4091481

11/30/2020

174 HERKIMER Street #304

Condominium

948

2

1.0

$365,000

$355,750

97.5

39 57 21

H4094087

01/28/2021

69 Herkimer Street #603

Condominium

Averages:

900

2

1.0

$399,900

$365,000

91.3

987

2.0

1.5

$346,470

$349,265

101.0

Summary Status

Total

Avg Price

Avg $ Per SqFt

Median

Low

High

Avg DOM

2

$384,900

$398.31

$384,900

$369,900

$399,900

8

Sold

13

$349,265

$355.81

$350,000

$309,000

$380,000

21

Total

15

$354,017

$361.48

$355,000

$309,000

$399,900

19

Active

Researched and prepared by Shawna Connelly

Royal LePage State Realty

This is a comparative market analysis and should not be considered an appraisal. All information regardless of source is deemed reliable but not guaranteed. All rights reserved. Copyright RAHB 2021.


222 JACKSON Street W #405 Hamilton, L8P 4S5

Friday, February 19, 2021

Pricing Recommendation General Facts About Pricing... There are certain factors that are within our control and some factors beyond our control when it comes to setting the price. Those factors within our control are: the appearance of the property, how aggressively we market the property and the price. Factors outside our control are: location of property, size and local amenities. It's important to accept those factors that are beyond our control and focus on the pricing and preparation. A property priced at market value will attract more buyers than a home priced above market value. Consider that a competitively priced property will also attract a greater number of potential buyers and increase your opportunity for a quick sale.

Market Statistics... Sell Price Per Sq. Ft. Statistics

Sell Price Statistics Average Price:

$348,100

Average Price/Sq Ft:

$355

High Price:

$387,500

High Price/Sq Ft:

$464

Median Price:

$348,000

Median Price/Sq Ft:

$339

Low Price:

$316,500

Low Price/Sq Ft:

$314

Figures are based on selling price after adjustments, and rounded to the nearest $100.

Summary... After analyzing your property, comparable properties on the market now, recent sales and comparable properties that failed to sell, I conclude that in the current market, your property is most likely to sell for $349,900.

Researched and prepared by Shawna Connelly

Royal LePage State Realty

This is a comparative market analysis and should not be considered an appraisal. All information regardless of source is deemed reliable but not guaranteed. All rights reserved. Copyright RAHB 2021.


222 JACKSON Street W #405 Hamilton, Ontario

Friday, February 19, 2021

CMA Map Layout This page displays the Map for the CMA Subject and your comparables .

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

Researched and prepared by Shawna Connelly

222 JACKSON Street W #405, Hamilton 135 JAMES Street S #106, Hamilton 9 Rockwood Place #8, Hamilton 135 James Street S #1208, Hamilton 362 JOHN Street S #5, Hamilton 135 James Street S #310, Hamilton 135 JAMES Street S #408, Hamilton 120 DUKE Street #201, Hamilton 69 Herkimer Street #603, Hamilton 135 James Street S #210, Hamilton 135 JAMES Street S #1008, Hamilton 25 Mountwood Avenue #14, Hamilton 174 HERKIMER Street #304, Hamilton 135 JAMES Street S #808, Hamilton 135 JAMES Street S #1002, Hamilton 135 JAMES Street S #508, Hamilton

Royal LePage State Realty

This is a comparative market analysis and should not be considered an appraisal. All information regardless of source is deemed reliable but not guaranteed. All rights reserved. Copyright RAHB 2021.


APPENDIX A: MPAC Assessment vs. Market Sale Price


APPENDIX A - MPAC Assessment vs. Market Sale Price Status Subject ACS ANS Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold

Address 222 Jackson St. W. #405 135 James Street S #1208 135 James Street S #106 120 Duke Street #201 174 Herkimer Street #304 135 James Street S #310 135 James Street S #210 135 James Street S #1002 135 James Street S #408 135 James Street S #508 135 James Street S #808 135 James Street S #1008 25 Mountwood Avenue #14 9 Rockwood Place #8 362 John St. S #5

MPAC $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

Sale Price 172,000 176,000 177,000 151,000 183,000 264,000 264,000 268,000 270,000 278,000 278,000 278,000 108,000 156,000 168,000

$ $ $ $ $ $ $ $ $ $ $ $

--348,000 355,750 356,000 330,999 340,000 355,000 350,000 363,200 337,500 309,000 380,000 350,000

AVERAGE

% Difference --130.46% 94.40% 34.85% 25.38% 26.87% 31.48% 25.90% 30.65% 21.40% 186.11% 143.59% 108.33% 71.62%

Based on an analysis of the average MPAC assessment value versus the market sale price of comparable properties, the estimated "market" value of the subject property is: Average $ 295,184 Range $ 215,651 to $ NOTE: * denotes properties included in the "Direct Comparison Approach".

418,974

However, this method of deriving value is only presented as an alternative analytical tool to provide the Seller with additional "actual" statistical information regarding the subject property. Furthermore, it is noted that this method of deriving value is not as accurate as traditional valuation methods such as the "Direct Comparison Approach to Value" and the "Cost Approach to Value". The information contained herein is provided for analytical purposes only and Royal LePage State Realty, Brokerage makes NO representations and/or warranties regarding the accuracy of this information and the relationship between this information and true market value.


APPENDIX B: Market Increase


APPENDIX B - Sale Price vs. Market Change

Monthly

Average Sale Value Median Sale Value

$ $

Sep-20 614,407.00 514,487.00

$ $

591,839.00 602,500.00

% Change -3.67% 17.11%

Annual

Average Price Median Price

$ $

YTD 2020 582,749.00 560,193.00

$ $

YTD 2020 604,015.00 565,531.00

% Change 3.65% 0.95%

Subject Property #405 - 222 Jackson St. W.

$

Sale Price 230,000.00

Monthly Annual

Jan-21

Adjusted Value (vs. Average) Adjusted Value (vs. Median) Adjusted Value (vs. Average) Adjusted Value (vs. Median)

$ $ $ $

221,551.79 269,345.97 238,393.29 232,191.64

Based on an analysis of the average sale price in the acqusition year versus the market change, the estimated "market" value of the subject property is: Estimate of Value: $ 240,371 Value Add: $ 50,000 Estimate of value (Range): $ 271,552 to $ 319,346 However, this method of deriving value is only presented as an alternative analytical tool to provide the Seller with additional "actual" statistical information regarding the subject property. Furthermore, it is noted that this method of deriving value is typically not as accurate as traditional valuation methods such as the "Direct Comparison Approach to Value" and the "Cost Approach to Value". Thus, the relative significance of this method of deriving value is extremely low. The information contained herein is provided for analytical purposes only and Royal LePage State Realty, Brokerage makes NO representations and/or warranties regarding the accuracy of this information and the relationship between this information and true market value.


APPENDIX C: MPAC Geowarehouse Report


GeoWarehouse AVM Enhanced Residential Report Property Address

222 JACKSON ST W SUITE 405

Municipality

HAMILTON CITY

Real Time Market Value (AVM)

$ 294,000

Valuation Date (yyyymmdd)

20210217

Lower Confidence Limit

$ 253,000

Upper Confidence Limit

$ 338,000

Confidence Rating (H=High, M=Medium, L=Low)

M

Property Type

370 - Residential Condominium

Year Built

1976

Total Area (Above Grade) (sq ft)

980

Basement Finished Area (sq ft)

0

Number of Bedrooms

1

Number of Full Bathrooms

1

Number of Half Bathrooms

1

Frontage (ft)

0

Depth (ft)

0

Site Area

0

Generated on 02/19/2021

Copyright © All rights reserved Municipal Property Assessment Corporation. Not to be reproduced by any means or distributed in any manner, in whole or in part, without prior written permission. Page 1 of 1


APPENDIX D: Geowarehouse Report


Client Report Generated on February 19, 2021

This report was prepared by:

405 - 222 JACKSON ST W HAMILTON

Shawna Connelly shawnaconnelly@royallepage.ca

PIN 180460018

GeoWarehouse is a product of Teranet Real Estate Information Solutions

© 2016 Teranet Inc.


405 - 222 JACKSON ST W | PIN 180460018

Property Details GeoWarehouse Address:

405 - 222 JACKSON ST W HAMILTON L8P4S5 PIN:

180460018

Land Registry Office:

HAMILTON WENTWORTH (62)

Land Registry Status:

Active

Registration Type:

Certified (Land Titles)

Ownership Type:

Condo

Report Generated On Feb 19, 2021 by Shawna Connelly (291168)

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405 - 222 JACKSON ST W | PIN 180460018

Condo Details *Selected Property

Condominium Corporation

Related Units

WENTWORTH CONDOMINIUM CORPORATION NO. 46

Type

Level

Unit

Suite

4

6

Common Name:

Village Hill

Condo Declaration Registration Date:

Mar 22, 1977

Suite Number:

405

PIN 180460018

Lot Size Area:

32539.27 sq.ft

Perimeter:

777.56 ft

Measurements:

141.0ft x 216.25ft x 162.3ft x 117.14ft x 31.06ft x 32.54ft x 11.19ft x 66.41ft Lot Measurement Accuracy : LOW These lot boundaries may have been adjusted to fit within the overall parcel fabric and should only be considered to be estimates.

Report Generated On Feb 19, 2021 by Shawna Connelly (291168)

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405 - 222 JACKSON ST W | PIN 180460018

Assessment Information ARN 251802013650727

Phased-In Value

Assessed Value

$172,000

$172,000

2021 Tax Year

Based on Jan 1, 2016

Frontage:

N/A

Description:

Residential Condominium

Depth:

N/A

Property Code:

370

Sales History Sale Date

Sale Amount Type

Sep 09, 2020

$230,000

Sep 09, 2020

$0

Feb 28, 1979

$2

Notes

Transfer by Personal Representative Transmission by Personal Representative (Land) Transfer

Report Generated On Feb 19, 2021 by Shawna Connelly (291168)

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405 - 222 JACKSON ST W | PIN 180460018

Demographics

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405 - 222 JACKSON ST W | PIN 180460018

Report Generated On Feb 19, 2021 by Shawna Connelly (291168)

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405 - 222 JACKSON ST W | PIN 180460018

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405 - 222 JACKSON ST W | PIN 180460018

Comparable Sales Data Not Available

Area Heat Maps Average Sales Heat Maps - Last 1 Year Block

Report Generated On Feb 19, 2021 by Shawna Connelly (291168)

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405 - 222 JACKSON ST W | PIN 180460018

Growth Rate Heat Maps - Last 5 Years Block

Market Turnover Heat Maps - Last 1 Year Block

Report Generated On Feb 19, 2021 by Shawna Connelly (291168)

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405 - 222 JACKSON ST W | PIN 180460018

Historical Market Trends Average Sale Values and Growth Rates

Market Turnover Rates

Report Generated On Feb 19, 2021 by Shawna Connelly (291168)

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405 - 222 JACKSON ST W | PIN 180460018

Market Statistics Area Map Average Sales Price - Last 1 Year

$330,834

$505,166 Municipality

Block

Growth Rate - Last 5 Years

Market Turnover - Last 1 Year

5 Year Analysis Data Not Available

Report Generated On Feb 19, 2021 by Shawna Connelly (291168)

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405 - 222 JACKSON ST W | PIN 180460018

Terms and Conditions Reports Not the Official Record. Reports, other than the Parcel Register, obtained through Geowarehouse are not the official government record and will not necessarily reflect the current status of interests in land. Currency of Information. Data contained in the Geowarehouse reports are not maintained real-time. Data contained in reports, other than the Parcel Register, may be out of date ten business days or more from data contained in POLARIS. Coverage. Data, information and other products and services accessed through the Land Registry Information Services are limited to land registry offices in the areas identified on the coverage map.

Completeness of the Sales History Report. Some Sales History Reports may be incomplete due to the amount of data collected during POLARIS title automation. Subject properties may also show nominal consideration or sales price (e.g. $2) in cases such as transfers between spouses or in tax exempt transfers.

Demographic Information. Demographic Information is obtained from Environics Analytics. Environics Analytics acquires and distributes Statistics Canada files in accordance with the Government of Canada's Open Data Policy. No information on any individual or household was made a vailable to Environics Analytics by Statistics Canada. PRIZM and selected PRIZMC2 nicknames are registered trademarks of The Nielsen Company (U.S.) and are used with permission.

The Property Information Services, reports and information are provided "as is" and your use is subject to the applicable Legal Terms and Conditions. Some information obtained from the Land Registry Information Services is not the official government record and will not reflect the current status of interests in land. Use of personal information contained herein shall relate directly to the purpose for which the data appears in land registry records and is subject to all applicable privacy legislation in respect of personal information. Such information shall not be used for marketing to a named individual. Parcel Mapping shown on the site was compiled using plans and documents recorded in the Land Registry System and has been prepared for property indexing purposes only. It is not a Plan of Survey. For actual dimensions of property boundaries, see recorded plans and documents.

GeoWarehouse is a product of Teranet Real Estate Information Solutions

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