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Balfour, Hamilton
$624,500
Versatile and full of potential, this Hamilton Mountain home is an ideal opportunity for first-time buyers, downsizes or anyone looking for flexible living space. Many of the major updates have already been completed, including the main roof (2019), owned hot water heater (2020), new furnace (2021), garage roof (2023) and updated main floor windows (2019). The bright main level features a spacious living room with a large picture window overlooking a beautiful Japanese maple. The updated kitchen combines modern convenience with character, offering plenty of cabinetry, workable counterspace, an under cabinet microwave oven and a heavy duty range hood. Two comfortable main floor bedrooms, including a primary bedroom with two closets, and a secondary bedroom with plenty of natural light separated by the 4 piece bath complete this main floor. A separate side entrance with its own locking door leads to the finished lower level, complete with a second kitchen, living area, bedroom and 3 piece bathroom. This flexible space offers exciting potential for extended family, older children, guests, a work from home setup or possible supplemental income. Outside, enjoy raised garden beds, a backyard fenced on three sides and a detached garage workshop with hydro, perfect for parking a car or motorcycle, hobbies, projects or extra storage. The three car driveway provides plenty of parking, with additional street parking available for guests. Located on the Hamilton Mountain, in the desired Balfour neighbourhood close to shopping, transit, parks, schools and Mohawk College, this move-in ready home offers the updates, space and flexibility today's buyers are looking for.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | 51-99 |
| Size | 700-1100 sq. ft. |
| Property Tax | $4,641 |
| Lot Size | 49 ft x 103 ft |
| mls© Number | X13761462 |
| Listed By | REALTY WORLD LEGACY |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $3,196
- Property tax
- $387
- Heat allowance
- $150
- Housing costs
- $3,733 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$115,000
gross annual household income
- Payment at 4%
- $2,628 / mo
- Cash down
- $124,900
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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