$649,888 - 242 Balmoral Avenue, Hamilton
Detached for Sale in Hamilton
- MLS Number
- X13214252
- Property Type
- Detached
- Status
- active
- Days on Site
- 18
- Bedrooms
- 4
- Bathrooms
- 3
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Hamilton
- Listing Brokerage
- CENTURY 21 MILLENNIUM INC.
Charming & Fully Renovated Century Home in Prime Crown Point! Welcome to this beautifully restored 2.5-story century home in Hamilton's vibrant Crown Point neighborhood! Thoughtfully updated in 2022-2023 with over $150,000 in upgrades, this move-in ready home blends historic character with modern convenience. Step inside to a stunning brand-new white kitchen featuring stainless steel appliances and updated cabinetry. The home has been completely rewired with a new electrical panel, new plumbing, and a new furnace & central A/C, ensuring efficiency and comfort year-round. The main floor boasts a new 2-piece bath, while every bathroom has been tastefully renovated. Additional upgrades include new flooring, windows, doors, and shingles. A separate side entrance adds flexibility and the fully fenced backyard with a rear deck offers the perfect space for relaxing or entertaining. Just two blocks west of Ottawa Street, this home is within walking distance of boutiques, trendy restaurants, Centre Mall, and Gage Park. Conveniently located just 5 minutes from Red Hill Valley Parkway and QEW, commuting is a breeze. Whether you're a homeowner or investor, this fully upgraded home is a rare find in a sought-after neighborhood. Don't miss out-schedule your private showing today. Home is currently tenanted A+++ tenants!
Estimate your monthly payments for this property
Estimated Payment
$3,334.26/mo
Includes CMHC insurance ($18,132)
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.
242 Balmoral Avenue, 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 $591/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 18 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.
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.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Hamilton. Good resale value as demand remains consistent.
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 $2,708 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.