21 Mountwood Avenue Unit 7, Hamilton

Price: $349,900

2 bedrooms, 1 bathrooms

1,000 sqft

Property Type: Condo

MLS#: X13133582

City views to the north, Bruce Trail to the south, don't miss this incredible opportunity to own in the vibrant Durand South neighbourhood. #7-21 Mountwood Avenue offers close proximity to downtown entertainment on James St along with St. Joseph's Hospital, the Hamilton GO station and much more! Not another shoe-box condo, this top-level unit offers a gracious and spacious floor plan with 1024 sqft with 2 full sized bedrooms and a 4-piece bathroom.Completely renovated in 2019 including new hardwood flooring, windows, kitchen, and bathroom. Fully separate kitchen, dining room and living room ensure you have ample space to cook, dine and entertain while you enjoy the stunning city views. In-suite laundry offers substantial convenience while your condominium fees cover heating, water, building insurance and more.

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$349,900 - 21 Mountwood Avenue Unit 7, Hamilton

Condo for Sale in Hamilton

34 days on market
2Beds
1Baths
1,000Sq Ft
Condo
Property Details
MLS Number
X13133582
Property Type
Condo
Status
active
Days on Site
34
Bedrooms
2
Bathrooms
1
Square Feet
1,000 sqft
Neighbourhood
Hamilton
Locker
None
Exposure
North West
Balcony
None
Listing Brokerage
COLDWELL BANKER COMMUNITY PROFESSIONALS
Description

City views to the north, Bruce Trail to the south, don't miss this incredible opportunity to own in the vibrant Durand South neighbourhood. #7-21 Mountwood Avenue offers close proximity to downtown entertainment on James St along with St. Joseph's Hospital, the Hamilton GO station and much more! Not another shoe-box condo, this top-level unit offers a gracious and spacious floor plan with 1024 sqft with 2 full sized bedrooms and a 4-piece bathroom.Completely renovated in 2019 including new hardwood flooring, windows, kitchen, and bathroom. Fully separate kitchen, dining room and living room ensure you have ample space to cook, dine and entertain while you enjoy the stunning city views. In-suite laundry offers substantial convenience while your condominium fees cover heating, water, building insurance and more.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$1,795.17/mo

Includes CMHC insurance ($9,762)

$
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5%10%50%

5-yr fixed avg.

Principal: $314,910Interest: $213,878
Mortgage Amount$324,672
Total Interest$213,878
Est. Property Tax$248/mo
Total Cost$538,551

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

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

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 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

21 Mountwood Avenue Unit 7, Hamilton

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,360/mo
Range: $2,006 - $2,714
Cap Rate (ROI)
4.8%
Good

Monthly Cash Flow Breakdown

Rental Income+$2,360
Maintenance Fees-$650
Property Tax (est.)-$248
Insurance (est.)-$73
Net Cash Flow+$1,389

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 $350/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 34 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.

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.

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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    21 Mountwood Avenue Unit 7, Hamilton | $349,900 | Battaglia Team