$767,777 - 487 East 37th Street, Hamilton
Detached for Sale in Hamilton
New — Listed 2 days ago- MLS Number
- X13461854
- Property Type
- Detached
- Status
- active
- Days on Site
- 2
- Bedrooms
- 5
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Hamilton
- Lot Size
- 4,131 sqft
- Listing Brokerage
- RE/MAX ESCARPMENT REALTY INC.
Welcome to 487 East 37th St, Hamilton- A beautifully remodeled bungalow filled with warmth andmodern charm. Located in the heart of Macassa Hamilton Mountain Area, this move-in-ready home offerscomfort and style throughout. The bright main level features 3 cozy bedrooms, a stylish 4-piece bath withheated floor, and an inviting open-concept kitchen with quartz counters, white cabinets, pot lights, a potfiller, and a lovely fireplace with accent shelving opens to the dining and living rooms, highlighted by ahuge new window that fills the space with natural light. A separate entrance leads to the fully finishedLegal basement (Additional Dwelling Unit) with spacious 2 beds, 1 full bath, custom kitchen , Separatelaundry and plenty of storage-ideal for guests or extended family. Enjoy a fully fenced backyard, a newlybuilt front deck, a driveway for 8 total parking with a detached garage. Close to schools, parks, shopping,and public transit-this home is cozy, updated, and ready to welcome you.
Estimate your monthly payments for this property
Estimated Payment
$3,939.09/mo
Includes CMHC insurance ($21,421)
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.
487 East 37th Street, Hamilton
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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 $1097/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.
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.
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.
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 $3,199 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.