$2,398,000 - 50 Oak Avenue, Hamilton
Detached for Sale in Hamilton
42 days on market- MLS Number
- X13081226
- Property Type
- Detached
- Status
- active
- Days on Site
- 42
- Bedrooms
- 5
- Bathrooms
- 3
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Hamilton
- Listing Brokerage
- REMAX YOUR COMMUNITY REALTY
RARE ONE-ACRE ESCARPMENT ESTATE ON A DRAMATIC CLIFF-LEDGE IN THE HEART OF DUNDAS. This is a once-in-a-lifetime opportunity to own one of Greensville's most prestigious and versatile properties, set on an extraordinary parcel perched along a breathtaking Niagara Escarpment cliff ledge. Surrounded by natural wildlife and panoramic valley scenery, this south-facing residence is perfectly positioned to capture spectacular sunlight and uninterrupted views from virtually every principal room. Boasting a wide 144-foot frontage, the home is thoughtfully situated to one side of the lot, offering flexibility for future expansion, architectural reconfiguration, or the creation of a landmark luxury custom estate (subject to approvals). If you are a discerning family seeking privacy within reach of newly built schools and modern amenities, this property presents a rare combination of width, acreage, and topography that is virtually impossible to replicate. The fully renovated modern residence features boutique architectural detailing and premium finishes throughout. A striking new cedar facade and expansive multi-level decks create a dramatic arrival experience while seamlessly connecting indoor living with the surrounding landscape. Inside, the 2,674 sq foot (total finished space) redesigned layout maximizes south-facing valley vistas, highlighted by a distinctive integrated koi aquarium feature, a private fitness studio, and a sleek open-concept kitchen and inspired bathrooms. An impressive dining room offers the perfect setting for grand entertaining, framed by panoramic views. Zoning supports a luxury single-family residence with accessory structures (buyer to verify), delivering the ultimate balance of immediate lifestyle enjoyment and long-term investment upside against the backdrop of the Niagara Escarpment. A rare offering for those seeking privacy, natural beauty, and architectural freedom.
Estimate your monthly payments for this property
Estimated Payment
$10,607.16/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.
50 Oak 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
Premium Pricing
At $2180/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.
Market Position
At 42 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.
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.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
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 $9,992 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.