$224,900 - 137 Emerald Street Unit 28, Hamilton
Condo for Sale in Hamilton
New — Listed 7 days ago- MLS Number
- X13171786
- Property Type
- Condo
- Status
- active
- Days on Site
- 7
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- 500 sqft
- Neighbourhood
- Hamilton
- Locker
- Exclusive
- Exposure
- East
- Balcony
- None
- Listing Brokerage
- RIGHT AT HOME REALTY
Rare opportunity to live close to the Hamilton core, with exceptionally affordable monthly living costs of approximately $500/month! Discover the incredible value in this updated, spacious one bedroom suite nestled within a charming 3rd floor unit in a quaint, 36 unit, cooperative building. The renovated, bright, kitchen is cheerful and functional while the generous room sizes offer true comfort, including a bedroom, large enough to accommodate a king size bed. The renovated four-piece bathroom features a newly glazed tub and decorative, stylish, tile accents. . Storage is abundant with three closets and an included locker. Step outside and you are minutes from the escarpment rail trail, public transit & easy commuting with quick access to the 403, GO station, McMaster University, Mohawk College, major hospitals, and minutes from downtown and the trendy James Street district. This is a truly unique opportunity to enjoy a convenient, community oriented lifestyle at an exceptionally affordable price point in one of Hamilton's original, stately, neighborhoods. Please note: co-op guidelines apply - Buyer is required to be approved by the Board of Directors. Approval process requires 3 references, full credit check & a level 2 police report. Please provide 10 business days for this approval. Traditional mortgages NOT permitted, must be purchased with cash. Building is strictly shareholder occupied - no rentals. Pets are restricted. No smoking is permitted. 48 hours irrevocable on all offers per Sellers direction. Please include RAHR Schedule B from Supplements.
Estimate your monthly payments for this property
Estimated Payment
$1,153.85/mo
Includes CMHC insurance ($6,275)
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.
137 Emerald Street Unit 28, Hamilton
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
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
Competitive Pricing
At $450/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.
Just Listed - Act Strategically
This property hit the market within the last week. In Hamilton's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
Efficient Living
At 500 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.
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.