$859,900 - 111 Festival Way, Hamilton
Detached for Sale in Hamilton
- MLS Number
- X13159798
- Property Type
- Detached
- Status
- active
- Days on Site
- 25
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Hamilton
- Listing Brokerage
- ROYAL LEPAGE STATE REALTY
Beautifully maintained 3-bedroom, 3-bathroom detached home with a professionally finished basement, built in 2019 by the highly regarded John Bruce Homes. Offering nearly 2,500 sq. ft. of thoughtfully designed living space, this home combines modern style with everyday family comfort. From the curb, the upgraded exterior elevation and double asphalt driveway and garage, create an inviting first impression. Inside, the bright and spacious main floor features 9-foot ceilings, rich oak hardwood flooring, and an open-concept layout ideal for entertaining. Featuring custom blinds the welcoming living room is centered around a cozy gas fireplace and complemented by sleek built-in cabinetry. The oak kitchen and dining area, complete with a breakfast bar for casual meals and patio access leading to the open backyard. Upstairs, you'll find three generously sized bedrooms, each with elegant custom blinds and its own walk-in closet, providing exceptional storage space. The spacious primary has ensuite with double vanity and a walk-in shower. The main bath services the two other bedrooms. The builder-finished basement adds valuable additional living space, perfect for a growing family , recreation area, and/or home office. Outside, enjoy the open backyard - ideal for relaxing or family playtime. Located in one of Binbrook's most desirable family-friendly neighbourhood, this exceptional home is just minutes from schools, parks, and shopping amenities. Make this YOUR home! RSA
Estimate your monthly payments for this property
Estimated Payment
$4,411.73/mo
Includes CMHC insurance ($23,991)
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.
111 Festival Way, 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 $573/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 25 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.
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 $3,583 (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.