$869,999 - 108 Victoria Avenue, Hamilton
Detached for Sale in Hamilton
38 days on market- MLS Number
- X13091838
- Property Type
- Detached
- Status
- active
- Days on Site
- 38
- Bedrooms
- 9
- Bathrooms
- 4
- Square Feet
- 3,500 - 3,999 sqft
- Neighbourhood
- Hamilton
- Listing Brokerage
- RE/MAX REALTY SPECIALISTS INC.
In the heart of Hamilton, just steps from Hamilton General Hospital, a rare opportunity unfolds-one where homeownership and smart investing meet under one roof. Imagine moving into a spacious upper-level suite, with room for family, work, and everyday comfort-while the rest of the property quietly works for you. On the main floor, a long-term tenant provides steady income. Downstairs, a self-contained 1-bedroom basement unit with walkout adds additional monthly cash flow. Together, these units generate approximately $3,000+ per month, helping offset your mortgage, property taxes, and living expenses-turning ownership into a financially strategic move, not just a place to live. Upstairs, the second and third floors-currently vacant-offer a combined 4+ bedroom living space, ideal for extended families, multi-generational living, or simply those who want more room without sacrificing affordability. Set within a beautifully maintained 2.5-storey century home, this property offers over 3,000 sq ft of updated living space on a deep 31' x 155' fully fenced lot-perfect for kids, pets, or private outdoor enjoyment. Inside, modern upgrades blend seamlessly with timeless character, including updated flooring, pot lights, fresh paint, smart thermostat, and security features. For those thinking beyond today, the opportunity only grows: Legal duplex, currently used as a triplex Approx. $6,200/month total income potential when fully leased Rough-ins in place for potential fourplex conversion Coin-operated laundry adding $150-$300/month With separate entrances, flexible layout, and parking for up to 3 vehicles at the rear, the property adapts to your needs-whether you're looking to live in, rent out, or scale your investment over time. This is more than a home. It's a strategy, a lifestyle, and a long-term financial advantage-all in one.
Estimate your monthly payments for this property
Estimated Payment
$4,463.55/mo
Includes CMHC insurance ($24,273)
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.
108 Victoria Avenue, 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
Competitive Pricing
At $249/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 38 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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.
Larger Home Realities
At 3,500 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
Excellent Flexibility
With 9 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Hamilton.
Bathroom Count Matters
With 4 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.