This small condominium complex is about a five-minute walk south of Olympic Park.
38 Elora Dr., No. 11, Hamilton, Ont.
Asking price: $369,900
Selling price: $390,000
Previous selling price: $125,000 (2000)
Taxes: $2,722 (2017)
Days on the market: Two
Listing agent: Michael St. Jean, St. Jean Realty Inc.
The action
The 1,360-square-foot end unit features an eat-in kitchen, a living room and a dining room with a fireplace and walkout to a deck.
In June, this two-storey townhouse was heavily promoted through traditional and digital media, generating enough buzz that two out of 10 visitors churned out offers simultaneously. The best bid went $20,100 over the asking price.
“Typically, in this neighbourhood, you need a few weeks to get 10 buyers, but with the amount of marketing power we put behind it, we were able to get the buyers in there quicker,” agent Michael St. Jean said.
“If you can get 10 buyers in within a couple days versus over a couple weeks, you have an opportunity to have a competition, and that’s what happened here.”
What they got
This small condominium complex is about a five-minute walk south of Olympic Park. Each unit has a street-level entrance and attached garage on the lower level.
The 1,360-square-foot end unit features an eat-in kitchen, a living room and a dining room with a fireplace and walkout to a deck.
The top floor is arranged with three bedrooms and two out of three bathrooms. Games and laundry rooms round out the basement.
Monthly fees of $358 pay for water and upkeep of common areas.
The agent’s take
“This is a unique little neighbourhood built by a good developer. This was considered more of a higher-end development at the time,” Mr. St. Jean said.
“[Plus] it’s bordering Ancaster, as well as the furthest point you can get on the west mountain, so it’s a very desirable location.”
“End units are a bit rare, so that makes it more desirable,” Mr. St. Jean said.
“The sellers had done some updates to the fireplace and hardwood floors, and they had also painted, so it looked good in comparison to some others.”