$1,195,000 - 295 Locke Street, Hamilton
Detached for Sale in Hamilton
71 days on market- MLS Number
- X12749940
- Property Type
- Detached
- Status
- active
- Days on Site
- 71
- Bedrooms
- 4
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Hamilton
- Listing Brokerage
- CENTURY 21 HERITAGE GROUP LTD.
PRIME LOCKE STREET SOUTH LOCATION! Absolutely stunning, newly renovated grand home situated on one of Hamilton's most highly sought-after and rarely available streets. This exceptional property is truly a must see! Offering 2.5 beautifully finished above ground floors, with two separate entrances to each of the above-ground floors and with an additional separate basement entrance, it gives this property so many different options and possibilities. Use as a current multi-family home. Live on one or two of the levels while renting out the others for a strong, easy income stream, or enjoy it as a very spacious single family home with the flexibility of a 5 bedroom layout instead of a 4 bedroom. At the rear, you'll find an incredibly private setting with no homes behind and three walkout decks, one off each floor, offering peaceful views and creating your own quiet urban oasis. This home features brand new engineered hardwood flooring throughout with an open-concept main floor boasting ceilings over nine feet high, enhancing the already spacious and grand feel. Oversized windows throughout the home flood the space with natural light. Extensive renovations include a new roof, new windows and doors, all new stainless steel kitchen appliances, new kitchens, new hardwood flooring throughout, new ductwork, new central air conditioning and so much more. Ideally located just steps from trendy restaurants, outdoor cafés, and all the vibrant amenities Locke Street South is known for. The brand new front deck has been thoughtfully designed with maximum future front pad parking in mind. A rare opportunity in an unbeatable location, definitely worth a look. You won't be disappointed.
Estimate your monthly payments for this property
Estimated Payment
$5,285.89/mo
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.
295 Locke 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 $797/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 71 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.
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 $4,979 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.