$2,400,000 - 1291 Old Highway 8 N/A, Hamilton
Detached for Sale in Hamilton
36 days on market- MLS Number
- X12863250
- Property Type
- Detached
- Status
- active
- Days on Site
- 36
- Bedrooms
- 5
- Bathrooms
- 4
- Square Feet
- 3,500 - 3,999 sqft
- Neighbourhood
- Hamilton
- Listing Brokerage
- SAM MCDADI REAL ESTATE INC.
An Exceptional 42-Acre Estate w/ 2 Properties, Privacy & Unlimited Potential. A rare opportunity to own 42 breathtaking acres of rolling countryside, combining lifestyle, land, and income potential in one remarkable package. With expansive open space, multiple buildings, and commercial-grade infrastructure, this property is perfectly suited for those seeking freedom, flexibility, and long-term value. Anchoring the estate is a 6,000 sf multipurpose outbuilding equipped with 3-phase 600V500-amp electrical service, ideal for serious business, storage, or hobby use. The building includes three bay doors, office space, a 3-piece bath, and in-floor heating in the center bay and in-law suite. Above, a bright one-bedroom loft residence features an open-concept layout with a designer kitchen showcasing quartz counters, a large island, 36" Wolf gas range, Miele dishwasher, stainless fridge/freezer, and a sun-filled living area with a cozy gas fireplace. The bedroom offers wood ceilings, walk-in closet, laundry, and a spa-inspired bath. The 2200 sq ft bungalow offers four bedrooms and three bathrooms, ideal for family living. A spacious living room with a double-sided wood-burning fireplace flows into an eat-in kitchen with walk-out to a composite deck and above-ground pool. The grade-level walk-out basement is partially finished and includes a separate workshop or hobby room. The land is the standout feature, with approximately 30 workable acres surrounded by mature trees and open skies - perfect for farming, equestrian use, or future ventures. A new 125' deep well 2020 adds peace of mind .Ideal for investors, entrepreneurs, or creatives, the property supports numerous income-producing or lifestyle uses. Enjoy a 47' x 38' private gym, or transform the space into an indoor pickleball court, basketball court, yoga studio, art or pottery studio, or premium vehicle storage. A truly rare offering where acreage, infrastructure, and opportunity come together.
Estimate your monthly payments for this property
Estimated Payment
$10,616.01/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.
1291 Old Highway 8 N/A, 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 $686/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 36 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 5 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.