$539,800 - 7 West 1st Street, Hamilton
Detached for Sale in Hamilton
94 days on market- MLS Number
- X12882018
- Property Type
- Detached
- Status
- active
- Days on Site
- 94
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Hamilton
- Listing Brokerage
- KELLER WILLIAMS COMPLETE REALTY
Cute, cozy & investment opportunity!!! Located just one street from Upper James and close to Mohawk College, this well-maintained home offers convenience, space, and flexibility for families, students or investors. Enjoy easy access to amenities, St. Joseph's Healthcare Hamilton, and the scenic Niagara Escarpment Brow Trails. The home features a bright 2-bedroom upper level with a 4-piece bathroom, a functional kitchen with a gas stove, and a comfortable living room. The main floor also includes a flex office space and a welcoming three-season sunroom - perfect for relaxing or entertaining. Outside, you'll find a large fenced yard with mature trees, offering privacy and room to enjoy the outdoors. The basement includes a separate walk-up entrance from outside, 1 bedroom, a 2-piece bathroom, laundry area, large rec room and excellent in-law potential - just add a kitchenette to complete the space. Freshly painted and move-in ready, this property is an ideal option for families with students attending Mohawk College or for buyers looking to offset living costs. Live off-campus while renting to friends, then sell once school is finished - a smart and flexible investment opportunity! Bonus lower level workshop accessed from outside.
Estimate your monthly payments for this property
Estimated Payment
$2,769.45/mo
Includes CMHC insurance ($15,060)
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.
7 West 1st 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 $771/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 94 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.
Efficient Living
At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
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.
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 $2,249 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.