$1,240,000 - 57 BINKLEY CRES Crescent, Hamilton
Detached for Sale in Hamilton
137 days on market- MLS Number
- X12721358
- Property Type
- Detached
- Status
- active
- Days on Site
- 137
- Bedrooms
- 9
- Bathrooms
- 4
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Hamilton
- Lot Size
- 4,402 sqft
- Listing Brokerage
- ROYAL LEPAGE VISION REALTY
CLEAN & NICELY RENOVATED TWO-STORY WITH 2 MINUTES WALKING TO MACMASTER CAMPUS IN PEACEFUL NEIGHBOURHOOD, 5+4 BDROOMS BRINGS GREAT INVESTMENT OPPORTUNITY WITH INCOME MORE THAN 7800 PER MONTH -TOTAL 4 FULL WASHROOMS AND ALL 9 BEDROOMS ARE PRIVATE WITH GOOD SIZE WINDOWS, BSMNT 4 BEDROOMS WITH EGRESS- ALL APPLAENCES/CHATTELS OWNED (NOT RENTAL) INCLUDES 2 BIG S/S FRIDGES 2STOVES MICROWAVE OWEN,1 FRIZZER STANDING, HIGH FLOW TANKLESS WATERHEATER, HIGHCAPACITY FURNANCE AND HIGH CAPACITY- ENERGY SAVER HEAT-PUMP 3TONS, 200AMPS POWER SUPPLY CONTROL CIRCUITBREAKER, ECOBEE HEAT-COOL CONTROLS, ALL 4 BDROOMS IN BASEMENT HAS LARGE EGRESS (EMERGENCY ESCAPE) WINDOWS ENTIRE HOUSE BDROOMS HAS PVT LOCKS -MAIN DOORS SIDE DOOR WITH KEYLESS ENTRY WITH NUMBER LOCKS
Estimate your monthly payments for this property
Estimated Payment
$5,484.94/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.
57 BINKLEY CRES Crescent, Hamilton
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Rental income estimator & ROI calculator
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
Fair Market Value
At $827/sqft, this property is priced in line with current Hamilton market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Negotiation Opportunity
At 137 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.
Excellent Flexibility
With 9 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 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 $5,167 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.