$699,000 - 16 Sister Varga Terrace, Hamilton
Condo for Sale in Hamilton
135 days on market- MLS Number
- X12476129
- Property Type
- Condo
- Status
- active
- Days on Site
- 135
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 900 sqft
- Neighbourhood
- Hamilton
- Locker
- None
- Exposure
- South East
- Balcony
- None
- Listing Brokerage
- RE/MAX ESCARPMENT REALTY INC.
Welcome to St. Elizabeth Village, a sought after gated 55+ community where comfort and convenience come together. This bright one level bungalow corner unit offers easy living with its own garage and private driveway. Inside you will find two bedrooms and a beautifully updated bathroom featuring a walk-in shower, towel warmer, and a spa inspired shower faucet. The open concept kitchen flows into the spacious living and dining area, all designed to take in the peaceful view of the large private greenspace. Just a short walk from your door, the Village offers an incredible selection of amenities. Residents enjoy a heated indoor pool, fitness centre, saunas, hot tub, and a golf simulator. Creative pursuits are supported with a woodworking shop and stained glass studio, while day to day needs are made simple with an on site doctor's office, pharmacy, and massage clinic. The community is also ideally located within a five minute drive to grocery stores, shopping, and restaurants. Public transit runs directly into the Village, making it easy to stay connected with everything the surrounding area has to offer. This home combines modern comfort, private green views, and access to an active lifestyle in one of the region's most welcoming retirement communities. Monthly fees cover property taxes, water, exterior maintenance, and access to resort-style amenities. RSA
Estimate your monthly payments for this property
Estimated Payment
$3,586.23/mo
Includes CMHC insurance ($19,502)
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 Sister Varga Terrace, 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 $777/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 135 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.
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 900 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.
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 $2,913 (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.