$589,900 - 247 Festival Way Unit 4, Hamilton
Townhouse for Sale in Hamilton
New — Listed 3 days ago- MLS Number
- X13060434
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 3
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Hamilton
- Listing Brokerage
- RE/MAX REAL ESTATE CENTRE INC.
Welcome to 247 Festival Way #4, a beautifully maintained 3-bedroom, 3-bathroom townhome nestled in the heart of Binbrook. Offering an ideal blend of comfort, functionality, and low-maintenance living, this home is perfect for families, first-time buyers, or downsizers. Inside, you'll find a bright and inviting main floor featuring 9-foot ceilings and large windows with lots of natural light. The spacious living room featuring hardwood floors and pot lights, leads into the upgraded kitchen with stainless steel appliances, tile backsplash, and an eat-in area with a sliding door walk-out to a private balcony - perfect for a morning coffee. The convenient main floor laundry and 2-piece powder room complete the main level. The upgraded hardwood staircase (with a carpet runner) leads to three lovely bedrooms, including a primary retreat complete with a trendy accent wall, a walk-in closet and a 3-piece ensuite bath. The lower level is large enough for a guest suite, home office, or kids' playroom. It features interior access to the garage, and a patio door walk-out to a fully fenced backyard, offering a rare and valuable outdoor space. Located in the family-friendly community of Binbrook, this home offers the perfect balance of small-town charm and modern amenities. Binbrook is known for its quiet streets, strong sense of community, and abundance of green space. Residents enjoy close proximity to local schools, shops, and the popular Binbrook Conservation Area, where you can enjoy hiking, water activities, and scenic natural surroundings year-round. The historic Binbrook Fairgrounds offer playgrounds, sports fields, seasonal events, and the annual Binbrook Fall Fair. Upgrades include fresh paint (2024), vinyl flooring in lower level (2024), new fridge (2024), new washing machine (2025). This townhome has a modest common elements fee of just $127/month. It is an exceptionally well-kept home that is move-in ready!
Estimate your monthly payments for this property
Estimated Payment
$3,026.49/mo
Includes CMHC insurance ($16,458)
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.
247 Festival Way Unit 4, 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 $536/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'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.
Townhouse Benefits
Townhouses offer an excellent balance of space and maintenance. You get more room than a condo with lower upkeep than a detached home. Key things to verify: whether it's freehold or condo-titled (affects fees and rules), and the condition of shared walls for noise considerations. Townhouses in Hamilton have shown strong appreciation as families seek more space.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
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 $2,458 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.