$589,000 - 21 Bishop Sherlock Lane, Hamilton
Condo for Sale in Hamilton
137 days on market- MLS Number
- X12476009
- Property Type
- Condo
- Status
- active
- Days on Site
- 137
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- 900 sqft
- Neighbourhood
- Hamilton
- Locker
- None
- Exposure
- North
- Balcony
- None
- Listing Brokerage
- RE/MAX ESCARPMENT REALTY INC.
Welcome to St. Elizabeth Village, a vibrant gated 55+ community designed for comfort and convenience. This charming 940 square foot bungalow offers single level living with one bedroom and one bathroom featuring a walk in tiled shower complete with grab bars for added safety. The home also includes its own exclusive driveway parking. The kitchen is finished with stainless steel appliances and a peninsula with seating, opening directly onto the spacious dining and living room. Large windows bring in natural light and showcase the beautiful private greenspace view, creating a bright and welcoming atmosphere. Just a short walk from your door are the Village amenities including a heated indoor pool, fitness centre, saunas, hot tub and golf simulator. Residents also enjoy access to a woodworking shop, stained glass studio, doctor's office, pharmacy, massage clinic and more. Conveniently located within five minutes of grocery stores, restaurants and shopping, with public transit running directly into the Village, everything you need is close at hand. This home combines practical design with a peaceful setting, offering the perfect opportunity to enjoy an active and connected lifestyle. CONDO Fees Incl: Property taxes, water, and all exterior maintenance.
Estimate your monthly payments for this property
Estimated Payment
$3,021.88/mo
Includes CMHC insurance ($16,433)
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.
21 Bishop Sherlock 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 $654/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.
Negotiation Opportunity
At 137 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.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
Efficient Living
At 900 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.
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 $2,454 (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.