38 Madison Avenue, Hamilton

Price: $429,000

3 bedrooms, 2 bathrooms

1,100 - 1,499 sqft

Property Type: Semi-Detached

MLS#: X13089090

Welcome to 38 Madison Ave, a well-maintained 3-bedroom, 2-bath semi-detached home offering 1,110 sq ft above grade. The main floor offers a spacious layout with an inviting open concept dining room, large living room and functional kitchen all filled with natural light and windows. The kitchen features stainless steel appliances, built-in eating, and ample two tone cabinetry for everyday convenience. A rear door from the kitchen leads to a fully fenced backyard with space for dining and play, a garden shed, a designated space for a herb garden, and a back door leading to laneway parking. Upstairs you'll find 3 generously sized bedrooms, custom closet systems, and a 4-piece bathroom. The unfinished lower level provides endless potential - whether you envision additional living space, an in-law suite, or a creative work space. A dedicated laundry area, plenty of storage space and a two-piece powder room provide the basement with a practical and functional space for your needs. Enjoy effortless connectivity with quick access to local transit, parks, schools, and everyday amenities! This home is conveniently located minutes to Tim Hortons Field, Jimmy Thompson Memorial Pool, Gage Park, and Ottawa Street's dining and shopping options. Why rent when you can own an amazing family home. This home is ideal for first time buyers, downsizing buyers or investors!

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$429,000 - 38 Madison Avenue, Hamilton

Semi-Detached for Sale in Hamilton

38 days on market
3Beds
2Baths
1,100 - 1,499Sq Ft
Semi-Detached
Property Details
MLS Number
X13089090
Property Type
Semi-Detached
Status
active
Days on Site
38
Bedrooms
3
Bathrooms
2
Square Feet
1,100 - 1,499 sqft
Neighbourhood
Hamilton
Listing Brokerage
EXP REALTY
Description

Welcome to 38 Madison Ave, a well-maintained 3-bedroom, 2-bath semi-detached home offering 1,110 sq ft above grade. The main floor offers a spacious layout with an inviting open concept dining room, large living room and functional kitchen all filled with natural light and windows. The kitchen features stainless steel appliances, built-in eating, and ample two tone cabinetry for everyday convenience. A rear door from the kitchen leads to a fully fenced backyard with space for dining and play, a garden shed, a designated space for a herb garden, and a back door leading to laneway parking. Upstairs you'll find 3 generously sized bedrooms, custom closet systems, and a 4-piece bathroom. The unfinished lower level provides endless potential - whether you envision additional living space, an in-law suite, or a creative work space. A dedicated laundry area, plenty of storage space and a two-piece powder room provide the basement with a practical and functional space for your needs. Enjoy effortless connectivity with quick access to local transit, parks, schools, and everyday amenities! This home is conveniently located minutes to Tim Hortons Field, Jimmy Thompson Memorial Pool, Gage Park, and Ottawa Street's dining and shopping options. Why rent when you can own an amazing family home. This home is ideal for first time buyers, downsizing buyers or investors!

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,200.99/mo

Includes CMHC insurance ($11,969)

$
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5-yr fixed avg.

Principal: $386,100Interest: $262,229
Mortgage Amount$398,069
Total Interest$262,229
Est. Property Tax$304/mo
Total Cost$660,298

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.

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Neighbourhood Guide: Hamilton

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

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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.

70
Walk Score
Varies
Price Range

38 Madison Avenue, Hamilton

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,800/mo
Range: $2,380 - $3,220
Cap Rate (ROI)
6.7%
Excellent

Monthly Cash Flow Breakdown

Rental Income+$2,800
Maintenance Fees-$0
Property Tax (est.)-$304
Insurance (est.)-$89
Net Cash Flow+$2,407

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $390/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 38 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.

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.

Let's See It Together

Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.

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    38 Madison Avenue, Hamilton — $429,000 | Battaglia Team