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$625,000
Hamilton
201 Terrace Drive, Hamilton (Balfour), Ontario, L9A2Z2
This 4-bedroom, 2-bathroom home in Hamilton is for sale offering roughly 900 sq ft of space. Listed at $625,000, it is attractively priced about 11% below the $699,900 median asking price in Hamilton.
Exceptional Bungalow in Sought-After Balfour Neighbourhood! This 2-unit bungalow offers outstanding versatility for families, multi-generational living, or savvy investors. Ideally located just a short walk to Norwood Park Elementary School (French Immersion), parks, shops, restaurants, the library, St. Joseph's Healthcare, Mohawk College, and quick access to the LINC and Hwy 403. Inside, you'll find a contemporary interior featuring elegant coffered and coved ceilings, and an impressive restaurant-inspired stainless steel chef's kitchen. The separate side entrance leads to a finished lower level with kitchen, gas fireplace, and excellent potential for an in-law suite or income-generating apartment. Step outside to your private backyard oasis, offering a peaceful retreat in a central location. Energy-conscious buyers will appreciate the EnerGuide energy-efficient rating and the fact that there are no rental items to assume. Situated on an excellent multi-use R1-zoned lot in one of Hamilton Mountain's most desirable communities, this property presents a fantastic opportunity for families, investors, or those seeking flexible living arrangements. Exceptional location, exceptional value, exceptional opportunity. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 70 days on market, against an average age of 44 days across the listings currently for sale in this city
This 4-bed single family in Hamilton (Balfour) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $625,000, about 7.7× the local median household income of $81,000.
Carrying it typically needs a household income of about $122,084 (20% down, 25-yr amortization, stress-tested) — roughly 51% above the area median.
Source: Statistics Canada, 2021 Census (FSA L9A)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.