$1,125,000

For sale

261 FEDERAL Street, Hamilton - Single Family for Sale

261 FEDERAL Street, Hamilton, Ontario, L8E1P8

5 beds5 baths6 parking3,168 ft²14,375 sq ft (0.33 ac) lot sizeListed 42 days ago

Overview

This 5-bedroom, 5-bathroom home in Hamilton is for sale offering roughly 3,168 sq ft of space. It has been on the market 42 days, fresher than the Hamilton average of 65 days.

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Description

Over 3000 sq ft! Beautiful custom build in lower Stoney Creek on a massive 320' lot! Perfect for families and/or multi-generational homes, this 3+2 bedroom, 4.5 bathroom home has ample space inside and out! Step into the front hall with a two-storey ceiling and into the open concept main floor with dinning space, updated kitchen and great room; perfect for entertaining. Upstairs you'll find 3 sizeable bedrooms, a dedicated laundry room and a primary with en-suite. The basement was renovated in 2022 to include a separate side entrance to basement apartment featuring 2-bedrooms and 2-full bathrooms with 1 en-suite. Double car garage, ample parking and a massive backyard ready to be completed into a backyard oasis! (id:66096)

Property Details

MLS®: 40865588
Property Type: Single Family
Zoning: R1
Bedrooms: 5
Beds (above / below): 3 above · 2 below
Bathrooms: 5
Half Baths: 1
Parking: 6
Interior Size: 3,168 ft²
Lot Size: 14,375 sq ft (0.33 ac)
Frontage: 45 ft
Year Built: 2004
Storeys: 2
Style: Other
Basement: Finished, Full
Heating: Forced air
Cooling: Central air conditioning
Garage

Rooms

Basement

3pc Bathroom: 5'3'' x 7'10''
Bedroom: 9'10'' x 12'4''
3pc Bathroom: 9'4'' x 5'7''
Bedroom: 11'10'' x 10'3''
Kitchen: 13'10'' x 6'7''
Utility room: 5'11'' x 7'6''
Recreation room: 32'0'' x 27'2''
Laundry room: 4'7'' x 6'10''
Storage: 10'0'' x 7'10''

Main level

Foyer: 14'9'' x 13'8''

Features

Foundation: Poured Concrete
Exterior: Brick Veneer

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

42d

Hamilton listings, avg age

65d

Price / ft²

$355

List price

$1.13M

Haho

This 5-bed single family in Hamilton has been listed for 42 days, which is 23 days fresher than the city average of 65. Act while there is still low competition.

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Listed by Michael St. Jean Realty Inc. · Michael St. Jean

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L8E)

This home lists at $1,125,000, about 12.4× the local median household income of $91,000.

Carrying it typically needs a household income of about $219,752 (20% down, 25-yr amortization, stress-tested) — roughly 141% above the area median.

Median household income: $91,000
Population: 41,927
Median age: 41.2
Owner / renter: 71% / 29%
Avg. household size: 2.7

Source: Statistics Canada, 2021 Census (FSA L8E)

$1,125,000· $355/ft²

For sale

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Full Cost Breakdown

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Down Payment7.78% · $87,500

Min 7.78%50%

Mortgage payment$5,752/mo

↳ CMHC premium ($41,500 capitalized)

Property tax (est.)$779/mo

Total monthly$6,531

Cash Needed to Close

Down payment (7.78%)$87,500

Land transfer tax$18,975

Est. closing costs$5,875

Total cash needed$112,350

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