A Secluded Oasis in the City
Rosedale is nestled on the southeastern edge of the Lower City, right beneath the impressive Hamilton escarpment and next to the convenient Red Hill Expressway. It’s a location that offers the best of both worlds – easy access to the city’s amenities while maintaining a sense of tranquility that’s often lacking in busier downtown areas.
As you drive through Rosedale, you can’t help but notice a distinct division between this neighborhood and the rest of the lower city. It’s a place where pride in homeownership is palpable, and many residents are proud long-term property owners. In fact, it’s not uncommon to see the original homeowners still residing here.
A Market with Limited Inventory
Rosedale’s charm and allure stem from its limited inventory of available properties. Due to its small size, not many homes come onto the market here. This makes it a highly sought-after location for those who crave a peaceful suburban lifestyle within the city. If you’re interested in property investment, keep an eagle eye on Rosedale because opportunities can be scarce but incredibly rewarding.
Diverse Housing Options
Now, let’s talk about housing in Rosedale. The landscape here is somewhat reminiscent of the Hamilton Mountain area. You’ll find a delightful mix of bungalows, charming story-and-a-half homes, and properties with detached garage units. What’s more, you have the potential to create secondary dwelling units in these properties, which is a valuable feature for investors or those looking to maximize their living space.
Property Values and Rental Potential
Property prices in Rosedale are quite comparable to those on the mountain, with average prices ranging from $600,000 to $800,000. A typical bungalow often sells for around $700,000. Given the neighborhood’s serene atmosphere and family-friendly environment, these prices are more than reasonable.
For those with an eye on rental income, Rosedale is a goldmine. Rental rates here are on the higher side compared to the rest of the city. Three-bedroom rentals can fetch between $2,400 to $2,500, while smaller two-bedroom basement units can rent for $2,000 to $2,100 per month. It’s a win-win situation for both investors and homeowners.
Don’t Miss Out on Rosedale
Whether you’re an experienced investor or a prospective homeowner , Rosedale presents an incredible opportunity. Its tranquil ambiance, diverse housing options, and potential for rental income make it a hidden gem in Hamilton. If you’re considering the Hamilton area, please don’t overlook Rosedale – it might just be the perfect place for you.