$3,250,000 - 1058 Highway 8 Highway, Hamilton
Detached for Sale in Hamilton
92 days on market- MLS Number
- X12882890
- Property Type
- Detached
- Status
- active
- Days on Site
- 92
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Hamilton
- Listing Brokerage
- RE/MAX REAL ESTATE CENTRE INC.
Country Living Within City Limits - 10.8 Acres Backing onto the Escarpment Rare opportunity to enjoy peaceful country living while staying within city limits. This exceptional 10.8-acre property backs directly onto the escarpment and is surrounded by mature fruit trees and abundant wildlife, offering a private and picturesque setting just minutes from highways and everyday amenities. The property features a charming 1-storey home with 3 bedrooms and 1.5 bathrooms, ideal for comfortable family living or as a residence while you plan and build your future dream home. A detached 25' x 22' double garage with its own 220-amp service, internet, and cable provides excellent space for vehicles, a workshop, or additional storage. Recent upgrades provide peace of mind and improved efficiency, including a new roof (2023) and a cement and concrete patio (2023). Major mechanical improvements completed in 2024 include a gas forced-air furnace, heat pump for heating and air conditioning, tankless water heater, and a water softener with carbon filter-all owned. The home has also benefited from spray foam insulation in the attic floor and main floor exterior walls (2020), along with some updated windows. Serviced by municipal water and sewers, this unique property combines rural charm with modern conveniences. With two road frontages on Highway 8 and Lacoma Drive, it offers excellent accessibility and future potential. Whether you're looking to enjoy the existing home, build your custom dream residence, or invest in a rare escarpment-side property, this is a truly special opportunity to create your ideal lifestyle. Country tranquility with city convenience-don't miss your chance to own this remarkable property.
Estimate your monthly payments for this property
Estimated Payment
$14,375.85/mo
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.
1058 Highway 8 Highway, Hamilton
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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
Premium Pricing
At $2955/sqft, this property is priced above the Hamilton average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Negotiation Opportunity
At 92 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.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
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 $13,542 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.