$1,000,000 - 198 Dundurn Street, Hamilton
Detached for Sale in Hamilton
Popular Listing- MLS Number
- X13230338
- Property Type
- Detached
- Status
- active
- Days on Site
- 13
- Bedrooms
- 1
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Hamilton
- Listing Brokerage
- RE/MAX ESCARPMENT GOLFI REALTY INC.
Welcome to 198 Dundurn Street South, a beautifully updated investment opportunity offering two self-contained residential units in one of Hamilton's most desirable and walkable neighbourhoods. Legally configured as a single-family dwelling with an in-law suite, this property provides excellent flexibility for investors, multi-generational living, owner-occupants seeking supplemental income, or those looking to live and work from home. The lower level is particularly well suited for a home-based business or professional workspace, with C6 zoning permitting a broad range of commercial, retail, office, and service. Extensively renovated throughout, the property features separate entrances, separate hydro meters, separate heating systems, individual hot water tanks, and in-suite laundry for both units. The upper unit showcases soaring vaulted ceilings, an open-concept layout, a stylish kitchen with quartz countertops and island, electric fireplace, floating staircase, private balcony, and a spacious bedroom retreat. The lower unit offers an inviting open-concept design with exposed brick accents, updated kitchen, private patio, full basement with laundry and storage, and excellent flexibility for residential or business use. Major capital improvements include new shingles, new windows, new furnaces, new central air conditioning systems, updated insulation, waterproofing, backflow valve installation, and upgraded storm and sanitary sewer systems. Ideally located steps to shops, restaurants, parks, schools, transit, and downtown Hamilton amenities, this turnkey property presents a rare opportunity to own a fully updated income-generating property with exceptional live/work potential in a prime location.
Estimate your monthly payments for this property
Estimated Payment
$4,423.34/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.
198 Dundurn 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 $667/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.
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.
Bathroom Count Matters
With 3 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 $4,167 (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.