$899,900 - 147 Homewood Avenue, Hamilton
Detached for Sale in Hamilton
103 days on market- MLS Number
- X12850856
- Property Type
- Detached
- Status
- active
- Days on Site
- 103
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Hamilton
- Listing Brokerage
- ROYAL LEPAGE STATE REALTY
Located in the heart of Hamilton's coveted Kirkendall neighbourhood, this spacious 2.5-stry home w/ 2 self-contained units presents an exceptional opportunity. Well-maintained & thoughtfully configured, the home's units each have separate rear decks & both are currently tenanted on a month-to-month basis. Tenants pay their own hydro, & financials are available upon request. The charming covered front porch sets a welcoming tone, while the front vestibule w/ 2 separate unit entry doors provides private access to each suite. Unit 1 (main lvl + bsmt access) offers a bright & inviting 1 bdrm, 1 bath layout highlighted by hardwood flooring throughout & oversized trim and mouldings. The form liv rm feat coved ceil, a FP (as-is) w/ wood mantle, & a large bay window overlooking the front yard. The updated kitch has white cab, S/S app, & a tiled backsplash, opening to a sep din area w/ expansive windows overlooking the yard & has access to a private rear deck. The bdrm incl a storage closet, while the 3-pc bath feat a walk-in shower & updated vanity. The unspoiled bsmt offers laund & ample storage. Unit 2 (2nd + 3rd lvls) is accessed from the vestibule via a private staircase leading to a generous 2nd-lvl liv rm w/ 2 large bay windows & a FP (as-is). The updated kitch mirrors the main lvl w/ white cab, S/S app, & tiled backsplash, while the din rm provides access to an oversized upper balcony w/ a metal fire escape to the yard. This lvl also includes laund facilities & an updated 4-pc bath w/ a shower/tub combination. The 3rd lvl offers 2 generously sized bdrms, creating a comfortable and private living space. At the rear of the property, surfaced parking for 2 vehicles is conveniently accessed via the alley connecting Locke St S to Dundurn St S. The location is exceptional - just steps from the vibrant shops, restaurants, cafés, and boutiques of Locke Street South. A rare opportunity to own a character-filled income property in one of Hamilton's premier neighbourhoods.
Estimate your monthly payments for this property
Estimated Payment
$4,616.95/mo
Includes CMHC insurance ($25,107)
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.
147 Homewood 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 $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.
Negotiation Opportunity
At 103 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 $3,750 (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.