$1,339,900 - 16 Festival Way, Hamilton
Detached for Sale in Hamilton
138 days on market- MLS Number
- X12673376
- Property Type
- Detached
- Status
- active
- Days on Site
- 138
- Bedrooms
- 4
- Bathrooms
- 4
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Hamilton
- Listing Brokerage
- ROYAL LEPAGE STATE REALTY
Welcome to 16 Festival Way, an executive residence featuring nearly 3,700 sq. ft. of luxuriously finished living space, set on a large, pool-sized, pie-shaped lot. Nestled in one of Binbrook's most prestigious courts, this exceptional 4-bedroom, 4 bath home effortlessly blends timeless elegance with modern sophistication. Step into the impressive 2-storey foyer, where wainscoting and herringbone tile set the tone for refined design. The open-concept main floor showcases natural white oak hardwood and crown moulding throughout, creating an inviting yet upscale atmosphere. At the heart of the home lies the custom chef-inspired kitchen, featuring an expansive 10-foot island, oversized cabinetry, quartz countertops, and top-of-the-line GE Café and Jenn-Air appliances. The adjoining living room centers around a custom tiled bio-ethanol fireplace, while the formal dining room, powder room, and laundry/mudroom complete this beautifully designed level. Beyond the 8-foot glass doors, your outdoor oasis awaits a custom stone kitchen with concrete countertops, built-in natural gas Napoleon grill, and a spacious covered patio with cedar ceiling & pot lights ideal for year-round entertaining. A massive stone fireplace adds warmth and ambiance, making this the perfect retreat for cozy evenings. The upper level continues to feature white oak hardwood floors and crown moulding, leading to four generous sized bedrooms. The primary suite is a true sanctuary, featuring a spa-inspired 4-piece ensuite and a custom-built walk-in closet designed for ultimate organization and style. The fully finished basement provides comfort and versatility, complete with plush designer carpeting, an open-concept media room with a 130" high-end projector screen and built-in surround sound system, plus an oversized gym with mirror wall, a 3-piece bathroom, and ample storage. This remarkable home is rare, combines luxury, craftsmanship, and thoughtful design inside and out.
Estimate your monthly payments for this property
Estimated Payment
$5,926.83/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.
16 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 $536/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 138 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.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Hamilton. Good resale value as demand remains consistent.
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.
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 $5,583 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.