$1,299,000 - 5374 Close Point Road Unit 15, Hamilton Township
Detached for Sale in Hamilton Township
44 days on market- MLS Number
- X13050658
- Property Type
- Detached
- Status
- active
- Days on Site
- 44
- Bedrooms
- 5
- Bathrooms
- 3
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Hamilton Township
- Listing Brokerage
- ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Experience lakeside living at its finest with this stunning 4-bedroom, 3-bathroom, four-level waterfront retreat on the highly sought-after south shore of Rice Lake. Perfect for year-round living, this winterized home offers breathtaking, unobstructed lake views and exceptional space for family and entertaining. The bright, spacious layout features a large eat-in kitchen, separate family and living rooms, and a finished basement complete with a rec room, washroom, and laundry. Heated flooring on the main level and in one bedroom adds comfort, while ductless A/C and a propane furnace ensure efficiency in every season. Step outside to an incredible waterfront setup, including four docks, boat lifts, two jet ski lifts, and a bunkie-ideal for hosting guests. A 16-foot sliding door opens to the lake, maximizing views and natural light, while electric blinds and modern pot lights add a touch of luxury. Located in one of Rice Lake's most exclusive areas, this property offers year-round road access, just 15 minutes to Highway 401 and approximately one hour to the GTA. Enjoy a quick 2-minute boat ride to a nearby man-made beach, with a hospital and the popular Golden Beach Resort only 10 minutes away.
Estimate your monthly payments for this property
Estimated Payment
$5,745.92/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 Township
Hamilton Township 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 Township
- •Convenient location in Hamilton Township
- •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 Township 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.
5374 Close Point Road Unit 15, Hamilton Township
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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 $650/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 44 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 Township 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 Township.
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 Township properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $5,413 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.