$700,000 - 31 Summercrest Drive, Hamilton
Detached for Sale in Hamilton
35 days on market- MLS Number
- X13117968
- Property Type
- Detached
- Status
- active
- Days on Site
- 35
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Hamilton
- Listing Brokerage
- ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES
Welcome to 31 Summercrest Drive in Hamilton, an inviting, well-maintained bungalow that offers versatility, comfort, and exceptional value for today's modern lifestyle. This charming home features 3 spacious bedrooms, 2 full bathrooms, and the added benefit of two full kitchens, making it ideal for multi-generational living or those seeking in-law suite potential. Step inside to a bright and welcoming living room, highlighted by a large bay window that overlooks the lovely front porch, filling the space with natural light and creating a warm, inviting atmosphere. The beautifully updated main floor kitchen boasts elegant granite countertops and stainless-steel appliances, perfect for both everyday living and entertaining. The functional layout continues downstairs, where a fully equipped second kitchen enhances flexibility for extended family or additional living arrangements. A cozy wood-burning fireplace adds charm and comfort to the lower level, making it an ideal retreat for relaxing evenings. Enjoy your morning coffee on the front porch, or unwind in the beautifully landscaped back gardens, complete with a convenient gas line for your BBQ, perfect for summer gatherings. The detached garage, currently used for storage, offers excellent potential to be converted back into a functional garage space. Additional features include a 2-year-old A/C unit, upgraded 200-amp electrical panel, and an osmosis water filtration system for added peace of mind. The concrete driveway accommodates up to four vehicles, providing ample parking for family and guests. Situated in a desirable neighbourhood, this home is just a short drive to parks, schools, shops, conservation areas, trails, and recreation centres, with easy access to major highways for an easy commute. A fantastic opportunity to own a versatile and thoughtfully cared-for home in a convenient Hamilton location.
Estimate your monthly payments for this property
Estimated Payment
$3,591.36/mo
Includes CMHC insurance ($19,530)
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.
31 Summercrest Drive, 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
Fair Market Value
At $1000/sqft, this property is priced in line with current Hamilton market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Market Position
At 35 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.
Efficient Living
At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
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.
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 $2,917 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.