$739,990 - 103 Briarwood Crescent, Hamilton
Detached for Sale in Hamilton
137 days on market- MLS Number
- X12646812
- Property Type
- Detached
- Status
- active
- Days on Site
- 137
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Hamilton
- Listing Brokerage
- YOUR HOME SOLD GUARANTEED REALTY IMPERIUM
Welcome to this fantastic detached home located in a sought-after neighborhood on the West Mountain! This property features three plus one bedrooms, offering ample space for families and/or presenting an excellent opportunity for generating passive income. Previously used as a student rental with a projected rental income of $5,000 per month, this property represents a strong investment for your portfolio. You can choose to leave the property as is or take advantage of the significant potential to renovate it into a legal duplex or add additional bedrooms to the basement. Also perfect for first time home buyers, live in one unit and rent out the other to build wealth and increase affordability! Situated in a prime location, you'll find it near Buchanan Park, which offers lush green spaces ideal for outdoor activities. It's just a short distance from Mohawk College and various shopping amenities, making it particularly attractive for student rentals. Additionally, easy access to public transport ensures convenient commutes for all tenants. Don't miss this opportunity to invest in a property that combines excellent rental potential with a desirable location. Schedule a viewing today!
Estimate your monthly payments for this property
Estimated Payment
$3,796.53/mo
Includes CMHC insurance ($20,646)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Hamilton
Hamilton is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Hamilton
- •Convenient location in Hamilton
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Hamilton offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
103 Briarwood Crescent, Hamilton
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Rental income estimator & ROI calculator
Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Fair Market Value
At $1057/sqft, this property is priced in line with current Hamilton market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Negotiation Opportunity
At 137 days on site, this property has exceeded the typical selling timeline for Hamilton. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Detached Home Advantages
Detached homes in Hamilton are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Efficient Living
At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Hamilton. Good resale value as demand remains consistent.
Investment Perspective
Looking at this as an investment: Hamilton properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,083 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.