$830,000 - 84 South Oval N/A, Hamilton
Detached for Sale in Hamilton
40 days on market- MLS Number
- X13087590
- Property Type
- Detached
- Status
- active
- Days on Site
- 40
- Bedrooms
- 6
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Hamilton
- Listing Brokerage
- RE/MAX ESCARPMENT REALTY INC.
Investment opportunity awaits! Situated in the heart of Westdale Village and just steps from McMaster University, this spacious 5+1 bedroom, 2.5-storey home offers an exceptional opportunity for investors or buyers seeking a turnkey income property in one of Hamilton's most desirable neighbourhoods. The inviting front porch welcomes you into a bright and spacious main level featuring a sun-filled living area, a well-appointed kitchen with walkout to a generous backyard, and a convenient main-floor bedroom. The second level offers three generously sized bedrooms and a 5-piece bathroom, ideal for maximizing rental potential. The expansive third-floor loft provides a bright and private fourth bedroom with ample closet space, adding both character and versatility to the layout. The fully finished basement further enhances the home's income-generating appeal. It includes a fifth bedroom, a 3-piece bathroom, additional storage, and convenient side entry access offering excellent functionality for tenants. The property accommodates parking for up to four vehicles and backs onto an alleyway, presenting future potential for additional parking or even a separate dwelling (buyer to complete due diligence), adding further long-term value. Ideally located within walking distance to shops, transit, schools, McMaster campus, and offering easy highway access, this property meets all criteria for strong and consistent rental demand. It meets all legal rental requirements with the City of Hamilton and is ESA certified for added peace of mind. With current tenants scheduled to vacate by April 30, 2026 (willing to stay), this is a rare opportunity to secure a prime Westdale property with flexibility for new tenancy or owner use. Don't miss your chance to invest in one of Hamilton's most sought-after communities.
Estimate your monthly payments for this property
Estimated Payment
$4,258.33/mo
Includes CMHC insurance ($23,157)
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.
84 South Oval N/A, 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 $755/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.
Market Position
At 40 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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.
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 $3,458 (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.