$5,900,000 - 573 Parkside Drive, Hamilton
Detached for Sale in Hamilton
137 days on market- MLS Number
- X12387506
- Property Type
- Detached
- Status
- active
- Days on Site
- 137
- Bedrooms
- 6
- Bathrooms
- 3
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Hamilton
- Lot Size
- 117 sqft
- Listing Brokerage
- Coldwell Banker Neumann Real Estate
Welcome to 573 Parkside Drive! A truly rare offering with 116.5 acres of prime farmland on the outskirts of Waterdown. Featuring a 2,785 sq. ft. 2 storey brick farmhouse, and a beautiful old wood bank barn that was formerly used as a destination fruit and bake shop. This expansive property is just minutes from Burlington, Hamilton, and major commuter routes, with quick access to Hwy 6, the QEW, and the 403. Zoned A2 and P7, the land offers incredible versatility, ideal for continued agricultural use, a dream estate, horse and hobby farming, or even a wedding and event venue that takes advantage of the charming farmhouse and historic barn. The fertile acreage also supports cash crops, orchards, or farm-to-table opportunities. With steady growth in the Hamilton-Waterdown area and multiple subdivision proposals nearby, it also represents an exceptional long-term buy and hold investment (subject to approvals). Featuring established road frontage, proximity to municipal services, and surrounded by active development, 573 Parkside Drive is a one-of-a-kind opportunity that blends country charm, future potential, and unmatched location.
Estimate your monthly payments for this property
Estimated Payment
$26,097.69/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.
573 Parkside Drive, 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
Premium Pricing
At $2360/sqft, this property is priced above the Hamilton average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
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 6 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 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 $24,583 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.