$549,000 - 880 LAWRENCE Road, Hamilton
Detached for Sale in Hamilton
91 days on market- MLS Number
- X12893418
- Property Type
- Detached
- Status
- active
- Days on Site
- 91
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Hamilton
- Listing Brokerage
- REAL BROKER ONTARIO LTD.
Welcome to 880 Lawrence Rd - detached bungalow in the highly sought after Rosedale neighbourhood of Hamilton, where this home blends main floor comfort with fantastic income potential in a freshly painted, move in ready package. Step inside this Two Kitchen and Two full Bathroom home set up with Full In-law potential, with a layout that flows from a welcoming main floor living area to a large kitchen - ideal for everyday family life. The standout feature awaits downstairs: a fully finished basement in-law suite featuring its own 1 bedroom, 1 bathroom, full kitchen, separate entrance, and dedicated laundry facilities, providing privacy and independence for extended family, or multi-generational living rental unit with strong income opportunities. Enjoy the convenience of a detached setup, storage, and easy backyard access for summer BBQs or outdoor relaxation, all enhanced by the fresh neutral paint throughout that gives the entire home an inviting feel. Nestled in the welcoming Rosedale community - bounded by the Escarpment, Lawrence Road, Red Hill Expressway, and Kenilworth - this prime location puts you minutes from everything, including the beautiful Gage Park, one of Hamilton's largest and most cherished green spaces with lush gardens, playgrounds, tennis courts, walking trails, a tropical greenhouse, spray pad, bandshell, and seasonal events perfect for families. Don't miss out on this property!
Estimate your monthly payments for this property
Estimated Payment
$2,816.65/mo
Includes CMHC insurance ($15,317)
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.
880 LAWRENCE Road, 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
Competitive Pricing
At $784/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 91 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 $2,288 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.