Modest Hamilton home sells for more than $100k over asking

The housing market in Hamilton has been seeing some heat recently and that has been demonstrated this week with the sale of a modest home in need of some TLC which sold for more than $100,000 over the asking price. The Spec reports that the three-bedroom, Appleford Court home sold for $381,000; the asking price was $279,900.

It also sold fast, in just 7 days, but in that week on the market it was shown to 219 prospective buyers and received 56 offers. Realtor Devon MacArthur of Re/Max Escarpment Realty Inc. told "At its height we had 10 or 12 agents in the house at the same time, it was kind of chaotic. This kind of interest in one property is absolutely unknown.” The interest is even more remarkable given the snowy conditions.

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

Market update:

Get help choosing the best mortgage rate

Just fill in a few details, and we'll arrange for a Mortgage adviser to help you find the best mortgage for your needs

  • How soon do you want a mortgage?
  • Name
  • Where do you live?
  • Phone number
  • E-mail address

Industry news

Submit a press release


Do you invest in commercial properties?