$699,000 - 43 Lake Avenue, Hamilton
Multi-Family for Sale in Hamilton
96 days on market- MLS Number
- X12876464
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 96
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Hamilton
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Nestled on the border of desirable Stoney Creek and a 5 minute drive to the new GO Station, this charming bungalow offers a blend of modern updates and cozy comfort, making it an ideal home for families and individuals alike. The property boasts a range of appealing features that enhance its practicality and aesthetic appeal. One of the key highlights is the updated kitchen, which showcases uniquely styled quartz countertops that add a touch of sophistication and elegance. The vinyl flooring throughout the home ensures durability and easy maintenance, creating a seamless flow from room to room. The main bathroom features a soothing soaker tub, perfect for relaxing after a busy day, providing a spa-like experience within the comforts of home. The principal bedroom is spacious and includes a substantial wardrobe, offering ample storage space for clothing and personal items. For entertainment and family gatherings, the large recreation room stands out with its vinyl flooring and trendy industrial-style open ceiling, creating a modern and inviting atmosphere for leisure and social activities. Additional storage and practicality are catered to by the furnace room, which provides generous space for storage and a workshop area, making it convenient for home projects and organizational needs. Step outside to discover a large deck and an enormous backyard backing onto green space, creating a private oasis for outdoor activities. The backyard's size and enclosed design make it perfect for families with children and pets, offering a secure environment for outdoor play. Furthermore, a separate garage located at the back of the property with side access provides additional parking and storage options. The overall layout and features of this bungalow make it a perfect family home or a peaceful retreat for anyone seeking comfort, style, and functionality.
Estimate your monthly payments for this property
Estimated Payment
$3,586.23/mo
Includes CMHC insurance ($19,502)
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.
43 Lake Avenue, Hamilton
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
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
Fair Market Value
At $999/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.
Negotiation Opportunity
At 96 days on site, this property has exceeded the typical selling timeline for Hamilton. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Efficient Living
At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
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 $2,913 (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.