2 Park Lane, Hamilton Township

Price: $308,995

2 bedrooms, 1 bathrooms

700 - 1,099 sqft

Property Type: Detached

MLS#: X13247482

Tucked within the year-round community of Lougheed Park, this affordable brick bungalow offers easy one-level living with comfort, practicality, and room to make it your own. A covered front entrance welcomes you into a functional mudroom-style space with convenient storage, ideal for everyday living in every season. The bright eat-in kitchen is thoughtfully designed with stainless steel appliances, including a built-in microwave, tile backsplash, generous counter space, and ample cabinetry for effortless meal prep and storage. Just beyond, the carpet-free living room feels warm and inviting, with large windows that draw in natural light and create a comfortable setting to relax or gather. Two well-proportioned bedrooms and a full bathroom complete the main level, while the lower level offers abundant storage and exciting potential for future finished living space, hobby areas, or a workshop. Outside, enjoy the best of indoor-outdoor living with both a covered back porch lounge area and a private open deck framed by mature trees and peaceful green space, creating a quiet retreat to unwind. Conveniently located just minutes from everyday amenities and with easy access to Highway 401, this low-maintenance home presents an excellent opportunity for downsizers, first-time buyers, or anyone seeking simple living in Cobourg.

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active
New Listing
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$308,995 - 2 Park Lane, Hamilton Township

Detached for Sale in Hamilton Township

New — Listed 5 days ago
2Beds
1Baths
700 - 1,099Sq Ft
Detached
Property Details
MLS Number
X13247482
Property Type
Detached
Status
active
Days on Site
5
Bedrooms
2
Bathrooms
1
Square Feet
700 - 1,099 sqft
Neighbourhood
Hamilton Township
Listing Brokerage
RE/MAX HALLMARK FIRST GROUP REALTY LTD.
Description

Tucked within the year-round community of Lougheed Park, this affordable brick bungalow offers easy one-level living with comfort, practicality, and room to make it your own. A covered front entrance welcomes you into a functional mudroom-style space with convenient storage, ideal for everyday living in every season. The bright eat-in kitchen is thoughtfully designed with stainless steel appliances, including a built-in microwave, tile backsplash, generous counter space, and ample cabinetry for effortless meal prep and storage. Just beyond, the carpet-free living room feels warm and inviting, with large windows that draw in natural light and create a comfortable setting to relax or gather. Two well-proportioned bedrooms and a full bathroom complete the main level, while the lower level offers abundant storage and exciting potential for future finished living space, hobby areas, or a workshop. Outside, enjoy the best of indoor-outdoor living with both a covered back porch lounge area and a private open deck framed by mature trees and peaceful green space, creating a quiet retreat to unwind. Conveniently located just minutes from everyday amenities and with easy access to Highway 401, this low-maintenance home presents an excellent opportunity for downsizers, first-time buyers, or anyone seeking simple living in Cobourg.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$1,585.30/mo

Includes CMHC insurance ($8,621)

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5-yr fixed avg.

Principal: $278,095Interest: $188,875
Mortgage Amount$286,716
Total Interest$188,875
Est. Property Tax$219/mo
Total Cost$475,590

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.

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Neighbourhood Guide: Hamilton Township

Discover Hamilton Township

Hamilton Township 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 Township

  • Convenient location in Hamilton Township
  • Access to local shops and dining
  • Good public transit connections
  • Community parks and green spaces
  • Well-maintained neighbourhoods

Nearby Schools

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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 Township 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.

70
Walk Score
Varies
Price Range

2 Park Lane, Hamilton Township

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,400/mo
Range: $2,040 - $2,760
Cap Rate (ROI)
8.2%
Excellent

Monthly Cash Flow Breakdown

Rental Income+$2,400
Maintenance Fees-$0
Property Tax (est.)-$219
Insurance (est.)-$64
Net Cash Flow+$2,117

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $441/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.

Just Listed - Act Strategically

This property hit the market within the last week. In Hamilton Township's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.

Detached Home Advantages

Detached homes in Hamilton Township 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.

Efficient Living

At 700 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.

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.

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    2 Park Lane, Hamilton Township — $308,995 | Battaglia Team