$1,099,900 - 40 Fairgrounds Drive, Hamilton
Detached for Sale in Hamilton
- MLS Number
- X13172114
- Property Type
- Detached
- Status
- active
- Days on Site
- 23
- Bedrooms
- 4
- Bathrooms
- 4
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Hamilton
- Listing Brokerage
- NEW ERA REAL ESTATE
Welcome to this spacious 2 storey detached home located in the heart of desirable Binbrook, offering over 3000 sq ft of finished living space designed for comfortable family living and entertaining. This well maintained home features 4 bedrooms, 4 total bathrooms and a functional layout with plenty of room for the whole family. The bright and inviting main floor offers a private office, perfect for working from home, a separate dining room for hosting family gatherings and a spacious living room highlighted by a cozy gas fireplace. The large eat-in kitchen features stainless steel appliances, tiled backsplash, ample cupboard and counter space, and a walk-out to the backyard patio, making indoor and outdoor entertaining effortless. Upstairs, the generous primary bedroom retreat includes a walk-in closet and a private 4pc ensuite bath. Additional spacious bedrooms and a 4pc main bathroom provide excellent space for growing families. The fully finished basement adds incredible versatility with a bachelor-style in-law suite complete with a full eat-in kitchen, 4pc bathroom, large rec room and den that can easily function as a bedroom, ideal for extended family, guests or potential income opportunities. Enjoy the fully fenced backyard with patio area, perfect for relaxing or summer BBQs. Situated in a family friendly neighbourhood close to schools, parks, the Binbrook Fairgrounds, shopping, library and other amenities. A fantastic opportunity to own a spacious family home in one of Hamilton's most popular communities!
Estimate your monthly payments for this property
Estimated Payment
$4,865.23/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.
40 Fairgrounds 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
Competitive Pricing
At $550/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 23 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 4 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 $4,583 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.