$949,900 - 183 Market Street, Hamilton
Semi-Detached for Sale in Hamilton
40 days on market- MLS Number
- X13077628
- Property Type
- Semi-Detached
- Status
- active
- Days on Site
- 40
- Bedrooms
- 6
- Bathrooms
- 2
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Hamilton
- Listing Brokerage
- RE/MAX REALTY SPECIALISTS INC.
Unlimited potential! Featuring 4 bedrooms + office/bonus room, family room/loft, 2 Kitchens and 2 full bathrooms, plus a massive 25 ft x 48 ft garage/workshop, parking for 5 vehicles. Centrally located in downtown Hamilton W/easy access to Hwy 403, excellent transit, outstanding walkability. Hess Village is one of Hamilton's top nightlife hubs, 3-minute walk to First Ontario Centre (Event Arena), close to Jackson Square Mall, Hamilton Farmers' Market, restaurants, cafes, grocery stores & downtown amenities and waterfront. Recently renovated, ideal for extended family living, or income potential, offering privacy and flexibility while designated as a single-family residence, it is spacious enough to comfortably accommodate two families. Upon entry, you're welcomed by a large sunroom/mudroom. The main level features a generous living room, open-concept renovated kitchen, SS appliances with space for a large dining table, a primary bedroom, and a 2nd room ideal as an extra bedroom/office. A separate rear entrance provides convenient access to parking and includes an additional mudroom. The 2nd level offers a bright living room, two well-sized bedrooms, and a newly renovated kitchen with SS appliances, a versatile bonus room can serve as an office/Extra bedroom, a secondary rear staircase provides direct access to parking from the second level. 3rd floor leads you to a large loft which is perfect for a family room, games room, or additional bedroom. The home includes a separate exterior entrance to a partial unfinished basement used as a utility room. Laundry is located on the main floor, with easy access by both units to share. The rear driveway leads to the impressive garage/workshop, divided into two spaces, with an additional Large unfinished basement ready for your ideas. This area is getting revamped with newer condominium towers being built, and hotel just on the corner, This property is zoned D5. A/C (2021), Furnace (2016). See Video, 3D Matterport, Floor Plans.
Estimate your monthly payments for this property
Estimated Payment
$4,873.48/mo
Includes CMHC insurance ($26,502)
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.
183 Market Street, 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 $475/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.
Market Position
At 40 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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.
Excellent Flexibility
With 6 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Hamilton.
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 $3,958 (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.