$729,000 - 79 Locheed Drive, Hamilton
Detached for Sale in Hamilton
New — Listed 3 days ago- MLS Number
- X13060880
- Property Type
- Detached
- Status
- active
- Days on Site
- 3
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Hamilton
- Listing Brokerage
- SAM MCDADI REAL ESTATE INC.
Discover an exceptional opportunity to own a beautifully maintained and upgraded home in one of Hamilton's most desirable MOUNTAIN locations. Offering over 2,000 sq ft of total living space, this raised bungalow/backsplit blends character, functionality, and modern comfort ideal for families, professionals, or investors. Generous lot, features large private driveway with parking for up to six cars. The fully fenced backyard offers privacy and space to enjoy, complete with a covered deck, gazebo, garden shed, and fruit trees, perfect for entertaining or relaxing. Potential to add a walkout basement entrance. Bright main level filled with natural light from large windows finished with seamless engineered hardwood floors. Large living room with a formal dining room and an updated kitchen with stainless steel appliances and a walkout to the backyard. Well-sized bedrooms and updated bathrooms, Potential to sperate a room and have and extra room. Fully finished basement adds incredible versatility with a potential to add a separate entrance, making it ideal for in-law living or income potential. It features additional bedrooms, a cozy family room with a fireplace perfect for extended family or multi-functional living. Located just steps from Plaza, parks, schools, shopping, and transit, and the Mountain, this home offers both convenience and lifestyle. With easy highway access and proximity to scenic trails and outdoor attractions, it's perfectly positioned for both daily living and recreation.
Estimate your monthly payments for this property
Estimated Payment
$3,740.15/mo
Includes CMHC insurance ($20,339)
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.
79 Locheed Drive, 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 $1041/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.
Just Listed - Act Strategically
This property hit the market within the last week. In Hamilton's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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.
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 $3,038 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.