$555,000 - 501 Ferguson Avenue, Hamilton
Detached for Sale in Hamilton
40 days on market- MLS Number
- X13092026
- Property Type
- Detached
- Status
- active
- Days on Site
- 40
- Bedrooms
- 3
- Bathrooms
- 4
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Hamilton
- Listing Brokerage
- RIGHT AT HOME REALTY
Welcome to this beautifully updated 3-bedroom, 4-bathroom home in Hamilton, perfectly situated close to parks, public transit, and the scenic shores of Lake Ontario. Thoughtfully renovated from top to bottom over the past several years, this move-in ready home combines modern finishes, energy-efficient upgrades, and functional living spaces ideal for first time home buyers, families and professionals alike. The main floor features engineered hardwood and tile flooring throughout, complemented by updated drywall and insulation for enhanced comfort and efficiency. The bright, fully renovated kitchen (2023) showcases new cabinetry, modern appliances, and stylish finishes, creating the perfect space for cooking and entertaining. Renovated bathrooms on both the main and upper floors add a fresh, contemporary feel, while oak staircase upgrades and a new front entry door enhance the home's curb appeal and character. Extensive exterior and efficiency improvements include energy star rated windows (2024), upgraded siding with added outdoor insulation (2023), a replaced sewer lateral, and basement waterproofing for the wall behind the stairs completed in 2026. Additional highlights include custom closet shelving in the primary bedroom, a new backyard fence, updated guest bathroom finishes, and a secure rear entry door with keypad lock. Located in a desirable Hamilton neighbourhood near waterfront trails, GO station, TD Coliseum, Bayfront Park, Pier 4 Park, schools, shopping, and commuter routes, this extensively upgraded home offers the perfect balance of comfort, style, and convenience.
Estimate your monthly payments for this property
Estimated Payment
$2,847.44/mo
Includes CMHC insurance ($15,485)
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.
501 Ferguson 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 $505/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.
Market Position
At 40 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.
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.
Bathroom Count Matters
With 4 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 $2,313 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.