$610,000 - 86 Rita Avenue, Hamilton
Townhouse for Sale in Hamilton
32 days on market- MLS Number
- X12939254
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 32
- Bedrooms
- 4
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Hamilton
- Listing Brokerage
- JIM PAULS REAL ESTATE LTD.
Welcome to this freehold townhouse with no condo fees, ideally located on the central Hamilton Mountain with quick and easy access to the LINC. Offering over 1,500 sq ft of living space plus an additional 619 sq ft in the fully finished basement, this home presents a great opportunity to get into a family-friendly neighbourhood with room to grow. The main level features a bright and functional kitchen with a built-in dishwasher, updated backsplash, double sink, and ample cupboard space. Just off the kitchen, the formal dining area is highlighted by a bow window overlooking the fully fenced backyard, bringing in natural light and creating a warm setting for everyday meals or hosting. The spacious living room offers a comfortable place to gather, complete with a fireplace and garden doors leading to the rear deck. A convenient 2-piece powder room and inside access to the garage add to the functionality of this level. Upstairs, you'll find three well-sized bedrooms. The primary bedroom features a generous walk-in closet and a 3-piece ensuite with a recently updated shower and sink. One of the additional bedrooms offers ensuite privileges to the 4-piece main bathroom, providing flexibility for families or guests. The fully finished basement extends the living space with a large rec room featuring pot lights, along with a separate storage room and laundry area. Located in the sought-after Templemead neighbourhood, close to schools, parks, shopping, public transit, and more, this home offers solid space, a great layout, and an excellent location. A fantastic opportunity to make it your own and build equity in a well-established community.
Estimate your monthly payments for this property
Estimated Payment
$3,129.62/mo
Includes CMHC insurance ($17,019)
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.
86 Rita Avenue, Hamilton
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
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
Competitive Pricing
At $407/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 32 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.
Townhouse Benefits
Townhouses offer an excellent balance of space and maintenance. You get more room than a condo with lower upkeep than a detached home. Key things to verify: whether it's freehold or condo-titled (affects fees and rules), and the condition of shared walls for noise considerations. Townhouses in Hamilton have shown strong appreciation as families seek more space.
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.
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 $2,542 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.