#92-100 Beddoe Dr. Comparable Market Analysis Hamilton
100 Beddoe Drive #92 Hamilton, L8P 4Z2
Wednesday, March 3, 2021
Summary of Comparable Listings This page summarizes the comparable listings contained in this market analysis.
Sold Listings Address 100 Beddoe Drive #92 100 Beddoe Drive #10, Hamilton 100 BEDDOE Drive #50, Hamilton 100 BEDDOE Drive #85, Hamilton 100 BEDDOE Drive #28, Hamilton 100 Beddoe Drive #83, Hamilton
Price
$546,000 $555,000 $579,900 $599,900 $610,000 $578,160
Averages:
3 2 3 4 3 3.0
2 2 2 2 2 2.1
SqFt 1415 1,425 1,415 1,375 1,588 1,415 1,444
$/SqFt 346.29 $383.16 $392.23 $421.75 $377.77 $431.10 $401.20
Sale Date
01/11/2021 09/14/2020 12/11/2020 11/03/2020 01/25/2021
Low
Median
Average
High
Count
Comparable Price
$546,000
$579,900
$578,160
$610,000
5
Adjusted Comparable Price
$571,000
$604,900
$603,160
$635,000
5
On Average, the 'Sold' status comparable listings sold in 14 days for $578,160
Researched and prepared by Michael Heddle
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.
100 Beddoe Drive #92 Hamilton, L8P 4Z2 Wednesday, March 3, 2021
CMA Price Adjustments This page outlines the subject property versus comparables properties.
Subject Property Details Adjust 100 Beddoe Drive #92 100 Beddoe Drive #10 H4095014 H4018539 MLS® # Hamilton Hamilton City Residential Residential Prop Type Condominium Condominium Sub Type Sale Sale Trans Type Sold Status Hamilton Hamilton Region Hamilton West (12) Hamilton West (12) Munic/Area Kirkendall South (123) Nbrhd/Sub-Area Kirkendall South (123) 3 3 Beds 2.1 25,000 3.1 Baths Total 6 6 # Rooms Full - Partially Finished Full Basement 01/07/2021 01/23/2018 List Date $549,000 $499,900 List Price 01/11/2021 2/13/2018 Sale Date $546,000 $490,000 Sale Price 1 Parking Spaces 2 spaces / Attached, Inside Entry 1spaces / Attached, Inside1Entry Garage less than .50 Acres/Range 1,425 Sqft Total/Rng 1,415 Lot Frontage 2001 / 16-30 Years Year Built/Age - / 16-30 Years $4,350 / 2020 Taxes/Tax Year Total # Units Gas Gas Heat Source Forced Air Heat Type Air Conditioning - / Central Air 2 Storey 2 Storey Style/Type
Price Total Adjustments Adjusted Price
$546,000 $25,000 $571,000 Researched and prepared by Michael Heddle
Details
Adjust
100 BEDDOE Drive #50 H4085136 Hamilton Residential Condominium Sale Sold Hamilton Hamilton West (12) Kirkendall South (123) 2 2.1 5 Full - Fully Finished 08/17/2020 $559,900 09/14/2020 $555,000 2 1 spaces / Attached
20,000 25,000
1,415 0 2001 / 16-30 Years $4,422 / 2020 Gas Forced Air 2 Storey
$555,000 $45,000 $600,000 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.
100 Beddoe Drive #92 Hamilton, L8P 4Z2 Wednesday, March 3, 2021
CMA Price Adjustments This page outlines the subject property versus comparables properties.
Subject Property Details 100 Beddoe Drive #92 100 BEDDOE Drive #85 H4094214 H4018539 MLS® # Hamilton Hamilton City Residential Residential Prop Type Condominium Condominium Sub Type Sale Sale Trans Type Sold Status Hamilton Hamilton Region Hamilton West (12) Hamilton West (12) Munic/Area Kirkendall South (123) Nbrhd/Sub-Area Kirkendall South (123) 3 3 Beds 2.1 3.1 Baths Total 7 6 # Rooms Full - Fully Finished Full Basement 12/05/2020 01/23/2018 List Date $579,900 $499,900 List Price 12/11/2020 2/13/2018 Sale Date $579,900 $490,000 Sale Price 2 Parking Spaces 2 spaces / Attached 1spaces / Attached, Inside1Entry Garage less than .50 Acres/Range 1,375 Sqft Total/Rng 1,415 Lot Frontage - / 16-30 Years Year Built/Age - / 16-30 Years $4,398 / 2020 Taxes/Tax Year Total # Units Gas Gas Heat Source Forced Air Forced Air Heat Type Air Conditioning - / Central Air 2 Storey 2 Storey Style/Type
Price Total Adjustments Adjusted Price
Adjust
Details
Adjust
100 BEDDOE Drive #28 H4091128 Hamilton Residential Condominium Sale Sold Hamilton Hamilton West (12) Kirkendall South (123) 4 -20,000 25,000 2.1 25,000 6 Partial Basement - Fully Finished - Walk-Out 10/17/2020 $599,900 11/03/2020 $599,900 6 2 spaces / Attached, Built-In 1,588 0 2001 / 16-30 Years $4,590 / 2020 Gas Forced Air 2 Storey
$579,900 $25,000 $604,900 Researched and prepared by Michael Heddle
$599,900 $5,000 $604,900 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.
100 Beddoe Drive #92 Hamilton, L8P 4Z2 Wednesday, March 3, 2021
CMA Price Adjustments This page outlines the subject property versus comparables properties.
Subject Property Details Adjust 100 Beddoe Drive #92 100 Beddoe Drive #83 H4095378 H4018539 MLS® # Hamilton Hamilton City Residential Residential Prop Type Condominium Condominium Sub Type Sale Sale Trans Type Sold Status Hamilton Hamilton Region Hamilton West (12) Hamilton West (12) Munic/Area Kirkendall South (123) Nbrhd/Sub-Area Kirkendall South (123) 3 3 Beds 2.1 25,000 3.1 Baths Total 6 6 # Rooms Full - Fully Finished Full Basement 01/11/2021 01/23/2018 List Date $599,997 $499,900 List Price 01/25/2021 2/13/2018 Sale Date $610,000 $490,000 Sale Price 2 Parking Spaces 2 spaces / Attached, Inside Entry 1spaces / Attached, Inside1Entry Garage less than .50 Acres/Range 1,415 Sqft Total/Rng 1,415 Lot Frontage 2001 / 16-30 Years Year Built/Age - / 16-30 Years $4,327 / 2020 Taxes/Tax Year Total # Units Gas Gas Heat Source Forced Air Forced Air Heat Type Air Conditioning - / Central Air 2 Storey 2 Storey Style/Type
Price Total Adjustments Adjusted Price
$610,000 $25,000 $635,000 Researched and prepared by Michael Heddle
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.
100 Beddoe Drive #92 Hamilton, L8P 4Z2
Wednesday, March 3, 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 $549,000 and $599,997 Sale Price between $546,000 and $610,000 1,375 to 1,588 Square Feet $377.77 to $424.03 per Square Foot $377.77 to $431.10 per Sold Square Foot
Researched and prepared by Michael Heddle
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.
100 Beddoe Drive #92 Hamilton, Ontario
Wednesday, March 3, 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 28
Days On Market
24 20 16 DOM
12 8 4
36 H
40
85 1
28 H
40
91 1
14 H
40
94 2
14 95 0 40 H
H
40
95 3
78
0
MLS® #
Researched and prepared by Michael Heddle
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.
100 Beddoe Drive #92 Hamilton, Ontario
Wednesday, March 3, 2021
CMA Map Layout This page displays the Map for the CMA Subject and your comparables . 100 Beddoe Drive #92, Hamilton 1 2 3 4 5
Researched and prepared by Michael Heddle
100 Beddoe Drive #83, Hamilton 100 Beddoe Drive #10, Hamilton 100 BEDDOE Drive #85, Hamilton 100 BEDDOE Drive #28, Hamilton 100 BEDDOE Drive #50, 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.
100 Beddoe Drive #92 Hamilton, Ontario
Wednesday, March 3, 2021
List Price and Sale Price This graph illustrates the list price, along with the sale price in Sold listings.
Price Graph 700K 600K 500K
Price
400K List Price Sale Price
300K 200K 100K
36 H
40
85 1
28 H
40
91 1
14 H
40
94 2
14 95 0 40 H
H
40
95 3
78
0K
MLS® #
Researched and prepared by Michael Heddle
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.
100 Beddoe Drive #92 Hamilton, L8P 4Z2
Wednesday, March 3, 2021
Brief Summary of Compared Listings This report summarizes the comparable listings contained in this market analysis. Status: Sold MLS® # H4095014
Sale Date
Address
01/11/2021
100 Beddoe Drive #10
Prop Sub Type Condominium
SqFt
Bds
Bth
L Price
S Price
1,425
3
2.1
$549,000
$546,000
99.5
4 28
SP/LP
DOM
H4085136
09/14/2020
100 BEDDOE Drive #50
Condominium
1,415
2
2.1
$559,900
$555,000
99.1
H4094214
12/11/2020
100 BEDDOE Drive #85
Condominium
1,375
3
2.1
$579,900
$579,900
100.0
6
H4091128
11/03/2020
100 BEDDOE Drive #28
Condominium
1,588
4
2.1
$599,900
$599,900
100.0
17
H4095378
01/25/2021
100 Beddoe Drive #83
Condominium
1,415
3
2.1
$599,997
$610,000
101.7
14
1,444
3.0
2.1
$577,739
$578,160
100.0
14
Averages:
Summary Status
Total
Avg Price
Avg $ Per SqFt
Median
Low
High
Avg DOM
Sold
5
$578,160
$401.20
$579,900
$546,000
$610,000
14
Total
5
$578,160
$401.20
$579,900
$546,000
$610,000
14
Researched and prepared by Michael Heddle
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.
100 Beddoe Drive #92 Hamilton, L8P 4Z2
Wednesday, March 3, 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:
$603,200
Average Price/Sq Ft:
$419
High Price:
$635,000
High Price/Sq Ft:
$449
Median Price:
$604,900
Median Price/Sq Ft:
$424
Low Price:
$571,000
Low Price/Sq Ft:
$381
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 .
Researched and prepared by Michael Heddle
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.
100 Beddoe Drive #92 Hamilton, Ontario
Wednesday, March 3, 2021
Market Analysis Explanation This is an explanation and overview of this market analysis.
This Comparative Market Analysis will help to determine the correct selling price of your home. Ultimately, the correct selling price is the highest possible price the market will bear. This market analysis is divided into three categories: 1. Comparable homes that are currently for sale 2. Comparable homes that were recently sold 3. Comparable homes that failed to sell Looking at similar homes that are currently offered for sale , we can assess the alternatives that a serious buyer has from which to choose. We can also be sure that we are not under pricing your home. Looking at similar homes that were sold in the past few months, we can see a clear picture of how the market has valued homes that are comparable to yours. Banks and other lending institutions also analyze these sales to determine how much they can lend to qualified buyers. Looking at similar homes that failed to sell, we can avoid pricing at a level that would not attract buyers. This Comparative Market Analysis has been carefully prepared for you , analyzing homes similar to yours. The aim of this market analysis is to achieve the maximum selling price for your home, while being able to sell your home within a relatively short period of time.
Researched and prepared by Michael Heddle
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 Sold Sold Sold Sold Sold
Unit 92 10 50 85 28 83
Address 100 Beddoe Dr. 100 Beddoe Dr. 100 Beddoe Dr. 100 Beddoe Dr. 100 Beddoe Dr. 100 Beddoe Dr.
MPAC $ $ $ $ $ $
Sale Price 374,000 366,000 372,000 370,000 386,000 364,000
$ 546,000 $ 555,000 $ 579,900 $ 599,900 $ 610,000 AVERAGE
% Difference 49.18% 49.19% 56.73% 55.41% 67.58% 57.23%
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 $ 588,040 Range $ 557,934 to NOTE: * denotes properties included in the "Direct Comparison Approach".
$
626,758
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: Cost Approach to Value
APPENDIX B - COST APPROACH TO VALUE Land Value: 0.00 Front Ft @ Actual Age: Effective Age:
7500
$
-
0 years 0 years
Improvements: Building Basement Garage Landscaping
1415 Sq. ft. 0 *Sq. ft.
@ @ @
Cost New Depreciation @ $ 567,698.00 $ $ $ $ $ $ $ Total Current Value of All Improvements Indicated Value by the Cost Approach Value Rounded to $401 $100 $60
0% -
Current Value $ 567,698.00 $ $ $ $ 567,698.00
$ 567,698.00 $ 567,698.00 $ 568,000.00
* estimate square footage The cost approach value has a minimal value in terms of deriving market value since the Land Value is a difficult value to derive based on comparable available market values in the area. Thus, this method of deriving value is only presented for the purpose of an alternative analytical tool used inorder to provide "actual" statistical information regarding the subject property. Furthermore, it is noted that this method of deriving value is not an accuarate representation of "market" value and the "Direct Comparison Approach to Value" illustrates a more accurate representation of 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 C: Sale Price vs. Market Change
APPENDIX C - Sale Price vs. Market Change
Monthly
Average Sale Value Median Sale Value
$ $
Feb-18 435,949.00 349,995.00
$ $
569,889.00 468,000.00
% Change 30.72% 33.72%
Annual
Average Sale Value Median Sale Value
$ $
YTD 2018 476,172.00 378,747.00
$ $
YTD 2020 583,250.00 549,870.00
% Change 22.49% 45.18%
Subject Property #92-100 Beddoe
$
Sale Price 490,000.00
Monthly Annual
Jan-21
Adjusted Value (vs. Average) Adjusted Value (vs. Median) Adjusted Value (vs. Average) Adjusted Value (vs. Median)
$ $ $ $
640,546.51 655,209.36 600,187.54 711,388.61
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: $ 651,833 Estimate of value (Range): $ 600,188 to $ 711,389 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 E: Geowarehouse Enhanced Report
Client Report Generated on March 03, 2021
This report was prepared by:
92 - 100 BEDDOE DR HAMILTON PIN 183380092
MICHAEL HEDDLE
SALES REPRESENTATIVE mikeheddle@royallepage.ca www.mikeheddle.ca
ROYAL LEPAGE STATE REALTY Office: (905)574-7441 Fax: (905)662-2227
GeoWarehouse is a product of Teranet Real Estate Information Solutions
© 2016 Teranet Inc.
92 - 100 BEDDOE DR, HAMILTON | PIN 183380092
Property Details GeoWarehouse Address:
92 - 100 BEDDOE DR HAMILTON L8P4Z2 PIN:
183380092
Land Registry Office:
HAMILTON WENTWORTH (62)
Land Registry Status:
Active
Registration Type:
Certified (Land Titles)
Ownership Type:
Condo
Report Generated On Mar 3, 2021 by MICHAEL HEDDLE (78672)
GeoWarehouse Client Report | Page
2 of 16
92 - 100 BEDDOE DR, HAMILTON | PIN 183380092
Condo Details *Selected Property
Condominium Corporation
Related Units
WENTWORTH STANDARD CONDOMINIUM CORPORATION NO. 338
Type
Level
Unit
Suite
1
92
Common Name:
WENTWORTH STANDARD
Condo Declaration Registration Date:
Dec 28, 2001
Suite Number:
92
PIN 183380092
Lot Size Area:
336425.69 sq.ft
Perimeter:
2595.14 ft
Measurements:
534.51ft x 421.9ft x 171.12ft x 147.75ft x 554.4ft x 16.5ft x 6.41ft x 19.73ft x 10.65ft x 10.65ft x 10.65ft x 10.65ft x 64.73ft x 10.42ft x 10.42ft x 10.42ft x 10.42ft x 10.42ft x 23.44ft x 19.73ft x 3.94ft x 7.22ft x 7.22ft x 6.22ft x 6.22ft x 6.22ft x 4.17ft x 431.58ft x 27.53ft x 7.55ft x 7.55ft x 7.55ft 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 Mar 3, 2021 by MICHAEL HEDDLE (78672)
GeoWarehouse Client Report | Page
3 of 16
92 - 100 BEDDOE DR, HAMILTON | PIN 183380092
Assessment Information ARN 251801007500092
Phased-In Value
Assessed Value
$374,000
$374,000
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
Feb 28, 2018
$490,000
Transfer
Jan 15, 2014
$340,000
Transfer
Jan 24, 2002
$159,830
Transfer
May 18, 1999
$1,025,000
Notes
Transfer Under Power of Sale (Grant)
Report Generated On Mar 3, 2021 by MICHAEL HEDDLE (78672)
GeoWarehouse Client Report | Page
4 of 16
92 - 100 BEDDOE DR, HAMILTON | PIN 183380092
Demographics
Report Generated On Mar 3, 2021 by MICHAEL HEDDLE (78672)
GeoWarehouse Client Report | Page
5 of 16
92 - 100 BEDDOE DR, HAMILTON | PIN 183380092
Report Generated On Mar 3, 2021 by MICHAEL HEDDLE (78672)
GeoWarehouse Client Report | Page
6 of 16
92 - 100 BEDDOE DR, HAMILTON | PIN 183380092
Report Generated On Mar 3, 2021 by MICHAEL HEDDLE (78672)
GeoWarehouse Client Report | Page
7 of 16
92 - 100 BEDDOE DR, HAMILTON | PIN 183380092
Dominant Market Group
Report Generated On Mar 3, 2021 by MICHAEL HEDDLE (78672)
GeoWarehouse Client Report | Page
8 of 16
92 - 100 BEDDOE DR, HAMILTON | PIN 183380092
Report Generated On Mar 3, 2021 by MICHAEL HEDDLE (78672)
GeoWarehouse Client Report | Page
9 of 16
92 - 100 BEDDOE DR, HAMILTON | PIN 183380092
Dominant Market Group
Report Generated On Mar 3, 2021 by MICHAEL HEDDLE (78672)
GeoWarehouse Client Report | Page 10 of 16
92 - 100 BEDDOE DR, HAMILTON | PIN 183380092
Comparable Sales
Comparable Sales Search Results Address
Date
Sales Amount
Lot Size
($)
(sq.ft)
$/ sq.ft
Distance
PIN
(m)
1
4 - 100 BEDDOE DR, HAMILTON, L8P4Z2
Oct 20, 2020
554,000
N/A
N/A
0
183380004
2
50 - 100 BEDDOE DR, HAMILTON, L8P4Z2
Nov 02, 2020
555,000
N/A
N/A
0
183380050
3
85 - 100 BEDDOE DR, HAMILTON, L8P4Z2
Feb 10, 2021
579,900
N/A
N/A
0
183380085
4
28 - 100 BEDDOE DR, HAMILTON, L8P4Z2
Dec 02, 2020
599,900
N/A
N/A
0
183380028
Sales Statistics Maximum:
$599,900
Minimum:
$554,000
Average:
$572,200
Median:
$579,900
*Standard Deviation: The smaller the number, the more similar are the sales results in the area. The larger the number, the more widely spread the sales results are in the area.
Report Generated On Mar 3, 2021 by MICHAEL HEDDLE (78672)
GeoWarehouse Client Report | Page 11 of 16
92 - 100 BEDDOE DR, HAMILTON | PIN 183380092
Area Heat Maps Average Sales Heat Maps - Last 1 Year Block
Report Generated On Mar 3, 2021 by MICHAEL HEDDLE (78672)
GeoWarehouse Client Report | Page 12 of 16
92 - 100 BEDDOE DR, HAMILTON | PIN 183380092
Growth Rate Heat Maps - Last 5 Years Block
Market Turnover Heat Maps - Last 1 Year Block
Report Generated On Mar 3, 2021 by MICHAEL HEDDLE (78672)
GeoWarehouse Client Report | Page 13 of 16
92 - 100 BEDDOE DR, HAMILTON | PIN 183380092
Historical Market Trends Average Sale Values and Growth Rates
Market Turnover Rates
Report Generated On Mar 3, 2021 by MICHAEL HEDDLE (78672)
GeoWarehouse Client Report | Page 14 of 16
92 - 100 BEDDOE DR, HAMILTON | PIN 183380092
Market Statistics Area Map Average Sales Price - Last 1 Year
$565,400
$512,208 Municipality
Block
Growth Rate - Last 5 Years
Market Turnover - Last 1 Year
5 Year Analysis Stable Value - With average property values 13.5% higher than the municipal average and properties turning over 11.5% less, property owners are comfortable setting roots in the community.
Report Generated On Mar 3, 2021 by MICHAEL HEDDLE (78672)
GeoWarehouse Client Report | Page 15 of 16
92 - 100 BEDDOE DR, HAMILTON | PIN 183380092
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
Report Generated On Mar 3, 2021 by MICHAEL HEDDLE (78672)
GeoWarehouse Client Report | Page 16 of 16
Current Price Estimate Using Historical HPI Trends The MLS® HPI is not designed to predict the value of an individual property. This information is for estimation purposes only; no warranties or representations are made of any kind.
1. Select a subarea and property type combination from the dropdown
Subarea/Property Type Selection Kirkendall South, Townhouse
Please note: HPI Benchmark property type-subarea combinations are available only for those subareas with enough sales
Select Previous Date of Sale February 2018
2. Choose the previous sale date
Previous Sale Price $490,000
3. Input the previous selling price and hit Enter
Based on HPI trends for Townhouse units in Kirkendall South and a previous selling price of $490,000 in February 2018, the estimated price in February 2021 would be $687,500
Note: Areas with insufficient sales are not included in the HPI. Source: REALTORS® Association of Hamilton-Burlington
APPENDIX F: Market Conditions
Matrix
2021-03-03, 9:04 PM
Search Criteria Time frame is from Jan 2016 to Feb 2021 Region is 'Hamilton' Municipality is 'Hamilton West (12)' Transaction Type is 'Sale' Results calculated from approximately 2,300 listings
https://matrix.rahb.ca/Matrix/Stats/StatsPrint.aspx?c=AAEAAAD**…GNoYXJ0LXR5cGUxPSJTcGxpbmUiIGNoYXJ0LXR5cGUyPSJDb2x1bW4iIC8(&t2=
Page 1 of 1
Matrix
2021-03-03, 9:05 PM
Search Criteria Time frame is from Jan 2016 to Feb 2021 Region is 'Hamilton' Municipality is 'Hamilton West (12)' Transaction Type is 'Sale' Results calculated from 1,585 listings
https://matrix.rahb.ca/Matrix/Stats/StatsPrint.aspx?c=AAEAAAD**…GNoYXJ0LXR5cGUxPSJTcGxpbmUiIGNoYXJ0LXR5cGUyPSJDb2x1bW4iIC8(&t2=
Page 1 of 1
Matrix
2021-03-03, 9:07 PM
Search Criteria Time frame is from Jan 2016 to Feb 2021 Region is 'Hamilton' Municipality is 'Hamilton West (12)' Transaction Type is 'Sale' Results calculated from 1,587 listings
https://matrix.rahb.ca/Matrix/Stats/StatsPrint.aspx?c=AAEAAAD**…GNoYXJ0LXR5cGUxPSJTcGxpbmUiIGNoYXJ0LXR5cGUyPSJDb2x1bW4iIC8(&t2=
Page 1 of 1
APPENDIX G: Net Proceeds
Property Sale Price
$
Mortgage Balance
#92-100 Beddoe Dr 600,000 $
Real Estate Fees 4.50% Sales Tax on RE Fees Legal Fees Sales Tax on Legal Fees Mortgage Discharge Fees Other: Other: Sub-total Disbursment Fees Net Proceeds on Sale
55,000 $ 27,000 $ 1,350 $ 1,100 $ 55 TBD $ $ $ 29,505 $ 515,495
APPENDIX H: Investment Analysis
#92-100 Beddoe Dr Property Type: Residential
MONTHLY GROSS RENTAL INCOME Vacancy Rate Other Inc GROSS OPERATING INCOME (GOI)
$2,810 $84 $0
3%
MONTHLY OPERATING EXPENSES Taxes Insurance Utilities Repairs & Maintenance 5% 3% Property Management Condo Fees Other: Other: TOTAL MONTHLY OPERATING EXPENSES
$371 $33 $30 $141 $84 $320 $0 $0
$1,747
$600,000 $540,000 $60,000
90% 2.5%/30 yrs
$237
NET MONTHLY CASH FLOW
$540,000 $0 $500 $500 $8,475 $1,800 $551,275
ROI
$979
NET OPERATING INCOME (NOI) DEBT SERVICE Purchase Price Downpayment Mortgage Amount Monthly Payment
$2,726
ACQUISITION COSTS Down Payment Initial Improvements Building Inspection Appraisal Land Transfer Tax Legal Fees TOTAL ACQUISITION COSTS
$1,510
Cash Flow Principle Recapture Passive Appreciation @5% Forced Appreciation TOTAL ROI
SUMMARY Cap Rate Cash-on-cash Break Even Payback Period (yrs)
3.29% 0.25% 5.44% 0.00% 8.98%
3.49% 3.29% 44.59% 30.4
ROI Breakdown 8.98%
5.44%
3.29% 0.25% 0.00% Cash Flow
Principle Recapture
Passive Appreciation
Forced Appreciation
Total ROI
NOTE: The information contained herein is provided for informational purposes only. The Listing Brokerage and Broker make no representation of the accuracy of the information contained herein. The purchaser MUST perform their own due diligence and make their own inquiries.
The Heddle Group | Royal LePage State Realty investing@theheddlegroup.ca P: (905) 574-7441 F: (905) 662-2227