$614,800 - 20 East 18th Street, Hamilton
Detached for Sale in Hamilton
110 days on market- MLS Number
- X12824288
- Property Type
- Detached
- Status
- active
- Days on Site
- 110
- Bedrooms
- 5
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Hamilton
- Listing Brokerage
- KELLER WILLIAMS COMPLETE REALTY
VALUE-ADD OPPORTUNITY IN DESIRABLE INCH PARK. Cozy 3+2 bedroom bungalow offering approx. 1,074 sq ft on the main level plus a full basement w/ separate side entrance and kitchenette, currently rented to a month-to-month tenant who is willing to stay or vacate if required for family use. The main floor requires updating (flooring repairs, kitchen refresh, bath repair), making this an ideal flip, BRRR, or live-upstairs and rent-downstairs opportunity. Large eat-in kitchen, living and dining area, & access to a 3-season enclosed sunroom overlooking the fully fenced yard. The backyard features a patio w/ gazebo and a generous-sized storage shed. Dedicated laundry on both the main floor and in the basement adds flexibility for multi-generational living or rental arrangements. Located in sought-after Inch Park on the Hamilton Mountain, close to Concession Street amenities, Juravinski Hospital, schools, parks, public transit, and mountain access. Enjoy nearby walking trails & convenient access to the escarpment stairs; perfect for outdoor enthusiasts. Basement currently provides income support in a high-demand rental area. Invest in location. Add value. Build equity over time. Ideal for: Investors seeking income potential, First-time buyers willing to add sweat equity, Renovators/flippers looking for value-add opportunity. A rare chance to secure an income-producing property in a strong Hamilton Mountain location.
Estimate your monthly payments for this property
Estimated Payment
$3,154.24/mo
Includes CMHC insurance ($17,153)
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.
20 East 18th Street, Hamilton
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Rental income estimator & ROI calculator
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
Fair Market Value
At $878/sqft, this property is priced in line with current Hamilton market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Negotiation Opportunity
At 110 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.
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.
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.
Excellent Flexibility
With 5 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 $2,562 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.