$1,599,000 - 174 Mountain Park Avenue Unit 5E, Hamilton
Condo for Sale in Hamilton
135 days on market- MLS Number
- X12471452
- Property Type
- Condo
- Status
- active
- Days on Site
- 135
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 2,250 sqft
- Neighbourhood
- Hamilton
- Locker
- Owned
- Exposure
- South East
- Balcony
- Terrace
- Listing Brokerage
- SOTHEBY'S INTERNATIONAL REALTY CANADA
The Madison - Elevated Living with Style and Serenity Set high along the edge of the Niagara Escarpment, The Madison is one of Hamilton's most exclusive and sought-after residences. With just two suites per floor and direct elevator access into your home, this quiet, boutique building offers exceptional privacy, comfort, and breathtaking views - all the way to the Toronto skyline on a clear day. This beautifully designed 2,400 sq.ft. residence was thoughtfully crafted in collaboration with an architect to combine timeless elegance with modern function. The layout is both spacious and versatile, featuring two large bedrooms, a den, a cozy family room or library, two bathrooms, and an open-concept great room - ideal for hosting guests or enjoying relaxed everyday living. Walls of floor-to-ceiling windows bring in incredible natural light and showcase sweeping south, east, and west views of the city, lake, and escarpment. Quality finishes are found throughout - including engineered flooring, crown mouldings, rounded corners, custom cabinetry, designer lighting, built-in speakers, and heated bathroom floors. The kitchen is a standout, with a large granite island, plenty of storage, and a walk-in pantry with a second fridge - perfect for entertaining or simply enjoying your space. Step outside to two private outdoor areas: a 400 sq. ft. terrace equipped with gas, water, and electrical - great for summer dinners, container gardening, or relaxing in the sun - plus a bright balcony off the second bedroom, perfect for quiet morning coffee or catching the sunset. Additional features include two underground parking spaces right by the building entrance and a large private storage locker just steps from your units door. Located in a walkable, well-connected neighbourhood, you're just minutes from the Juravinski Hospital, boutique shops, cafés, library, local parks, transit, and the popular escarpment stairs - perfect for a scenic stroll or your daily exercise
Estimate your monthly payments for this property
Estimated Payment
$7,072.92/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.
174 Mountain Park Avenue Unit 5E, 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 $711/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.
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 $6,663 (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.