$639,900 - 35 Folkestone Avenue, Hamilton
Detached for Sale in Hamilton
34 days on market- MLS Number
- X13122106
- Property Type
- Detached
- Status
- active
- Days on Site
- 34
- Bedrooms
- 5
- Bathrooms
- 3
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Hamilton
- Listing Brokerage
- RE/MAX REAL ESTATE CENTRE INC.
Updated 3+2 Bedroom Bungalow With *LEGAL* 2nd Dwelling Basement Apartment Located In The Highly Sought After Lawfield Neighbourhood, Nestled In A Quiet, Peaceful And Family Friendly Area. Situated On A Generous 47 X 100 Ft Lot, This Carpet Free Home Features A Modern Stucco Exterior, Pot Lights, Vinyl Floors And Stainless Steel Appliances. Bright Open Concept Layout Combining Living And Dining Areas Creates A Warm And Inviting Space For Everyday Living And Entertaining. The Home Offers Separate Laundry On The Main Floor As Well As In The Basement For Added Convenience. Spacious Legal Finished Basement Apartment Built In 2022 Featuring 2 Bedrooms, 2 Bathrooms, Full Kitchen And Its Own Separate Laundry, Previously Generating $1,950 In Monthly Rental Income, Helping Subsidize A Significant Portion Of The Mortgage And Making Homeownership Much More Affordable, While Offering Peace Of Mind Knowing The Unit Meets Legal Requirements. Ideal For Extended Family Or Excellent Income Potential. Enjoy A Deep Lot With A Serene Backyard, Perfect For Summer Gatherings And Gardening Enthusiasts. Long Driveway With Parking For Up To 6 Cars. Prime Location Within Walking Distance To Schools, Grocery Stores, Restaurants, Lawfield Arena, Public Transit And Everyday Amenities, And Just 5 Minutes To CF Lime Ridge Mall. Close To Parks, Walking Trails And Recreational Facilities With Easy Access To Lincoln M Alexander Parkway (LINC) Less Than 2 Minutes From The Highway Ramp, Offering Seamless Commuting. Easy Driving Access To Mohawk College And McMaster University. Some Photos Are Virtually Staged. Come And Fall In Love With This Beauty!
Estimate your monthly payments for this property
Estimated Payment
$3,283.02/mo
Includes CMHC insurance ($17,853)
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.
35 Folkestone 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
Fair Market Value
At $914/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 34 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.
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.