$639,000 - 282 Main Street, Hamilton
Townhouse for Sale in Hamilton
135 days on market- MLS Number
- X12545582
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 135
- Bedrooms
- 5
- Bathrooms
- 3
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Hamilton
- Listing Brokerage
- JIM PAULS REAL ESTATE LTD.
Charming 1895 Victorian Rowhouse steps from Hess Village. Step back in time while enjoying modern comforts in this character-rich home. Featuring high ceilings, original hardwood floors, this home retains its historic charm while boasting updated mechanics, including plumbing, electrical, furnace, roof, and flashing. The main floor offers a living room with a gas fireplace, two spacious bedrooms, and a generous eat-in kitchen. This chef's haven is complete with a double sink, gas stove, skylight, pot lights, and a large window overlooking the yard. The kitchen also includes a built-in dishwasher and offers convenient access to the yard. Two 2pc bathrooms are located on the main floor, with one featuring hook-ups for a tub. Upstairs, the second level features another kitchen (with double sink and built-in dishwasher), a living room, a 3pc bathroom, bedroom, and a laundry room. The third level offers an additional two bedrooms. This home presents a fantastic opportunity for investors or homeowners looking for rental income. It can easily be converted back into two units (legal non-conforming) a 2-bedrm unit with laundry on the main and basement level, and a 3-bedrm unit with laundry on the upper levels. Located in the highly sought-after Hess Village, this property is just steps away from trendy shops, restaurants, and entertainment. The backyard is fully fenced, with new sod being added and a shed for extra storage. You'll enjoy easy access to the main level kitchen, as well as a separate stairway leading to the second level. There's plenty of street parking available, and the yard could easily be reduced in size to add rear parking. Original features add unique charm to this property: restored windows, original hardware with beveled glass on the front door, abundant hardwood throughout. Parking can be added via the rear alley. Seller is open to rebating the cost or coordinating installation after closing, contingent on an acceptable sale price.
Estimate your monthly payments for this property
Estimated Payment
$3,278.40/mo
Includes CMHC insurance ($17,828)
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.
282 Main Street, 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 $256/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 135 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.
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.
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.
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 $2,663 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.