$1,104,400 - 420 Concession 5 Road, Hamilton
Detached for Sale in Hamilton
- MLS Number
- X13207138
- Property Type
- Detached
- Status
- active
- Days on Site
- 19
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Hamilton
- Listing Brokerage
- Royal Lepage Real Estate Associates
Welcome to 420 Concession Road 5 West! This beautiful raised bungalow is nestled on just under an acre of property. Featuring 3 Bedrooms, 2 Bathrooms, and double car garage this home offers the perfect blend of comfort, space, and scenic beauty. The main level of this home offers a formal living room with strip hardwood, and beautiful front yard view, a spacious dining area adjacent to your eat-in kitchen area with maple cabinetry, and ample counter space. With an ideal layout this space is perfect for quiet family dinners, or a night of entertaining with an upper level balcony perfect for your morning coffee or a glass of wine at sunset. The main floor also features three spacious bedrooms all with double closets, and strip hardwood. The main 4 piece bath features an oversized vanity, shower/tub combination and is bright and functional. Downstairs, you'll find a cozy hosting area complete with a fireplace, perfect for gathering with family and friends. The convenient walk-out leads directly to the expansive backyard, offering ample room for yard games, gardening, or unwinding around a bonfire. The basement set up is perfect for additional recreation space, or make your own with a bonus bedroom! The large backyard offers ample space for activities, or to build your own dream workshop! Enjoy breathtaking sunsets and a peaceful backdrop of a neighboring Christmas tree farm-this property delivers a tranquil rural lifestyle just waiting to be enjoyed.
Estimate your monthly payments for this property
Estimated Payment
$4,885.13/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.
420 Concession 5 Road, 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 $1004/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 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.
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 $4,602 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
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.