$3,998,000 - 420 Ridge Road, Hamilton
Detached for Sale in Hamilton
New — Listed 2 days ago- MLS Number
- X13442704
- Property Type
- Detached
- Status
- active
- Days on Site
- 2
- Bedrooms
- 5
- Bathrooms
- 1
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Hamilton
- Lot Size
- 77 sqft
- Listing Brokerage
- RE/MAX ESCARPMENT REALTY INC.
420 Ridge Road where the fortunes of the past meet the opportunity of the future on this idyllic 77+1- acre farm. Set atop the edge of the escarpment which offers panoramic views of the region this property offers a rare opportunity to own a large piece of property on one of Ontario's estately streets. It is conveniently located 5 minutes from downtown Stoney Creek, close in proximity to both city amenities and all major transportation routes. Step back in time as you explore the original red brick homestead full of character and awaiting a new owner. Complete with slate roof, five bedrooms and large verandas, this gem exudes warmth and charm. The thick beam hip roof barn is sturdy in construction with ample space and provides endless opportunities for a hobby farmer or agri-tourism venture. A steel insulated and heated outbuilding awaits, offering the perfect workshop with concrete floors, wood paneled horse stalls, hot and cold water, electric door entrance. Whether you're a crafts person, an artist, or horse enthusiast, this space is sure to inspire creativity and productivity. Outside large fenced in paddocks and well maintained pastures for grazing are ready to welcome your animals. Whether you're starting a small hobby farm or expanding your agricultural endeavors, this property has everything you need to make your vision a reality. Don't miss your opportunity to own a piece of this paradise at 420 Ridge Road, Stoney Creek Ontario
Estimate your monthly payments for this property
Estimated Payment
$17,684.50/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 Ridge 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
Premium Pricing
At $1999/sqft, this property is priced above the Hamilton average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Just Listed - Act Strategically
This property hit the market within the last week. In Hamilton's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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.
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.
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 $16,658 (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.