176 Cambridge Road, Hillcrest, Hamilton

This character home located at 176 Cambridge Road, Hillcrest, Hamilton, is a true gem in the heart of Hillcrest. Boasting 6 bedrooms, this residential dwelling spans a floor area of 160m² on a generous 625m² freehold section. Constructed in 1920 with mixed materials for the walls and an iron roof, both in average condition, this property offers a level contour and a spacious interior that's full of charm. The home features a large functional kitchen, separate dining, and a sunny lounge room, making it an ideal canvas for adding personal flair. The oversized master bedroom is a highlight, offering ample space for a sitting area. Outdoors, the property includes copious off-street parking, a covered carport, a lovely deck area, and a good-sized fenced yard, perfect for kids and pets to play. With a rental appraisal of $770 - $800 per week, it represents a solid investment with a 6% yield.

The property has seen a significant capital value increase, from $570,000 in September 2018 to $840,000 in September 2021, marking a 47.37% growth. The latest HouGarden AVM estimates its value at $805,000. Its sale history includes transactions at $520,000 in April 2016 and $340,000 in March 2009, highlighting its appreciating value over time.

Located in a prime area for education, the property is zoned for several sought-after schools including Peachgrove Intermediate (decile 5), Marian Catholic School (Hamilton) (decile 7), Knighton Normal School (decile 5), Hillcrest High School (decile 7), Berkley Normal Middle School (decile 8), and Hillcrest Normal School (decile 8). This makes it an ideal choice for families looking for quality schooling options.

Updated on April 04, 2024.