$798,000 - 183 Penny Lane, Hamilton
Townhouse for Sale in Hamilton
32 days on market- MLS Number
- X13117086
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 32
- Bedrooms
- 4
- Bathrooms
- 4
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Hamilton
- Listing Brokerage
- Realty ONE Group Insight
Welcome to this luxurious, bright, and beautifully appointed end-unit townhome, ideally located in the highly sought-after and family-friendly Upper Stoney Creek community. Filled with natural light and showcasing numerous upgrades throughout, this home has been freshly painted and features elegant custom shutters on every window. The main floor offers a practical open-concept layout with a modern kitchen complete with a stylish backsplash, stainless steel appliances, under cabinet lighting and a large island. A hardwood staircase leads to both the second floor and the finished basement, while hardwood flooring adds warmth and elegance to the main floor. The generous primary bedroom features his-and hers walk-in closets and a 3-piece ensuite. In total, the home offers three bedrooms plus a versatile office/optional fourth bedroom and four bathrooms, providing ample space for families or those working from home. Additional highlights include a finished basement, direct access to the garage, and approximately 1,600 square feet of above-grade living space, plus the finished lower level. Built in 2012, this well-maintained home is conveniently located close to schools, shopping, highways, and all essential amenities. Don't miss this exceptional opportunity to own a stunning home in one of Upper Stoney Creek's most desirable neighbourhoods. The home is currently vacant and ready for immediate occupancy
Estimate your monthly payments for this property
Estimated Payment
$4,094.15/mo
Includes CMHC insurance ($22,264)
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 Penny Lane, 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 $532/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 32 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.
Townhouse Benefits
Townhouses offer an excellent balance of space and maintenance. You get more room than a condo with lower upkeep than a detached home. Key things to verify: whether it's freehold or condo-titled (affects fees and rules), and the condition of shared walls for noise considerations. Townhouses in Hamilton have shown strong appreciation as families seek more space.
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 $3,325 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.