$739,000 - 53 Wood Street, Hamilton
Detached for Sale in Hamilton
48 days on market- MLS Number
- X13067564
- Property Type
- Detached
- Status
- active
- Days on Site
- 48
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Hamilton
- Listing Brokerage
- RE/MAX HALLMARK REALTY LTD.
A thoughtfully designed three-storey detached home built in 2018, and professionally renovated and styled in 2023, offering a rare combination of modern design, functional separation of space, and an unbeatable central Hamilton location.The ground level features a comfortable living room and powder room, creating a relaxed space for everyday downtime or casual entertaining.The second floor serves as the heart of the home, with a bright kitchen featuring a large island, a dedicated dining area, and a full bathroom. Off the kitchen is a bedroom or flex space, perfect for a guest suite or work from home option. This level brings daily life together in one open, functional space that feels connected while still offering distinct zones for cooking, dining, and gathering.The top floor is dedicated to privacy and rest, featuring a spacious primary bedroom with attached ensuite, a third bedroom, and convenient upper-level laundry. The layout naturally separates living, entertaining, and sleeping areas across different floors, offering a level of privacy and flexibility that suits modern routines.Located in a highly desirable central area, the home is just minutes from Pier 8 and the waterfront, the restaurants and energy of James Street North, and the newly renovated TD Coliseum. Commuters will appreciate quick access to the 403 and QEW, making travel throughout Hamilton, Burlington, and the GTA efficient and convenient.This is a home designed for those who want something a little different - modern, functional, and set within one of Hamilton's most connected and evolving neighbourhoods! Motivated Sellers!
Estimate your monthly payments for this property
Estimated Payment
$3,791.45/mo
Includes CMHC insurance ($20,618)
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.
53 Wood Street, 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 $672/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 48 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.
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 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 $3,079 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.