$1,490,000 - 38 Balfour Drive, Hamilton
Detached for Sale in Hamilton
- MLS Number
- X13159800
- Property Type
- Detached
- Status
- active
- Days on Site
- 19
- Bedrooms
- 4
- Bathrooms
- 3
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Hamilton
- Listing Brokerage
- HOMELIFE LANDMARK REALTY INC.
Rare Opportunity To Live On Prestigious Belfour Drive In The Highly Sought-After West Hamilton Location. This Stunning 4-Bedroom Family Home Is Situated On A Quiet Cul-De-Sac Amongst Million-Dollar Homes. Conveniently Located Off Scenic Drive, The Property Is Within Walking Distance To The Exclusive Hillfield Strathallan College And Just Minutes To Mohawk College, St. Joseph's Hospital, Restaurants, Shopping, And Major Highways. Built Without Compromise, This Luxury Home Features A Gourmet Kitchen With Granite Countertops And A Walk-In Pantry, Spacious Bedrooms, And A Large Open-Concept Layout Perfect For Entertaining. Enjoy A Tranquil Backyard Oasis With Mature Trees And Impeccable Landscaping. Updates Include Roof (2017), Fence (2022), Owned Hot Water Tank, Furnace (2021), And Kitchen Renovation (2026).
Estimate your monthly payments for this property
Estimated Payment
$6,590.77/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.
38 Balfour Drive, Hamilton
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Rental income estimator & ROI calculator
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 $596/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.
Market Position
At 19 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.
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 $6,208 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.