$855,000 - 50 Edgewood Avenue, Hamilton
Detached for Sale in Hamilton
61 days on market- MLS Number
- X13006064
- Property Type
- Detached
- Status
- active
- Days on Site
- 61
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Hamilton
- Listing Brokerage
- PEAK REALTY LTD.
Nestled in the coveted Sherwood Forest neighborhood, this charming brick bungalow offers a blend of classic details and thoughtful updates. The main floor boasts open concept convenience, meticulously maintained hardwood floors, and an inviting electric fireplace. The ceilings, free from popcorn texture and adorned with coved ceiling detailing, and California shutters add a touch of elegance. The kitchen boasts white cabinetry, updated flooring and countertops, and a bonus pantry. The thoughtful layout extends to the bedroom wing featuring three good sized bedrooms with the third bedroom conveniently roughed in for main floor laundry. Enjoy the warmth of the gas fireplace in the lower level living room, where large windows flood the space with natural light. The possibility of an in-law suite or multi-generational living is evident here! Featuring a second kitchen equipped with a 220V plug for a stove and ample room for appliances, a den/multipurpose room, a 3pc bathroom as well a laundry room making this a versatile space for various needs. This home not only captivates with its aesthetic appeal but also assures practicality. Updates and features include a new furnace, newer windows on the main floor, newer soffits and fascia, updated electrical and copper plumbing, and a double car garage. Sherwood Forest caters to discerning buyers seeking a blend of practicality, the serenity of a large avenue offering ample parking, and nature. Mountain Brow is less than a kilometer away! Not to mention The Hamilton Escarpment Stairs, a plethora of local trails, and stunning views. Schedule a showing to explore the full spectrum of what this Hamilton home has to offer!
Estimate your monthly payments for this property
Estimated Payment
$4,386.59/mo
Includes CMHC insurance ($23,855)
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.
50 Edgewood Avenue, 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 $777/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.
Negotiation Opportunity
At 61 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.
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.
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 $3,563 (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.