$849,900 - 56 Teak Street, Hamilton
Detached for Sale in Hamilton
Popular Listing- MLS Number
- X13248528
- Property Type
- Detached
- Status
- active
- Days on Site
- 8
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Hamilton
- Listing Brokerage
- ROYAL LEPAGE STATE REALTY
Welcome to 56 Teak Street, located in one of Stoney Creek's most desirable neighbourhoods. This spacious and beautifully maintained 5-level backsplit offers exceptional living space and excellent in-law suite potential. Pride of ownership is evident throughout, with the home presented in pristine condition. The upper level features three generously sized bedrooms, including an oversized primary bedroom with his-and-hers closets. A large 5-piece bathroom with a bidet provides comfort and convenience for the whole family. On the main floor, you'll find a bright and inviting living and dining room combination, highlighted by breathtaking escarpment views from the living room window. The large eat-in kitchen offers solid oak cabinetry and plenty of space for family meals. The lower level boasts a huge family room with hardwood floors and a cozy fireplace, along with a fourth bedroom and an adjacent 3-piece bathroom - ideal for guests or extended family. The basement level offers even more versatility, featuring a spacious eat-in kitchen, a recreation room with a gas fireplace, and a walk-up to the garage with a separate entrance, making it well-suited for multi-generational living or in-law accommodations. One of the home's standout features is the unfinished fifth level, currently used as a laundry area, offering incredible potential for additional living space in the future. Step outside to enjoy the oversized backyard, complete with a deck and BBQ gas hookup - perfect for entertaining or relaxing with famiyl and friends. Conveniently located close to all amenities, including schools, parks, public transit, and easy access to the QEW, this exceptional home offers space, flexibility, and an unbeatable location.
Estimate your monthly payments for this property
Estimated Payment
$4,360.43/mo
Includes CMHC insurance ($23,712)
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.
56 Teak 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 $425/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.
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 $3,541 (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.