201 Terrace Drive, Hamilton, ON
Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Balfour. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $625,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 4 Bedrooms and 2 Bathrooms with 2 functional kitchens
- Generous living space spanning 700-1100 sqft on a premium 50 x 103 ft lot
- Features a full, finished, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available with a convenient detached configuration
- Notable attributes: Primary Bedroom - Main Floor, In-Law Capability, In-Law Suite
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Exceptional Bungalow in Sought-After Balfour Neighbourhood! This beautifully maintained 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.
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Property Summary
This detached home located at 201 Terrace Drive, Hamilton is currently for sale and has been available on SousaSells for 1 day. This property is listed at $625,000 with an estimated mortgage of $2,080* per month. It has 4 beds, 2 bathrooms, and is 700-1100 square feet. 201 Terrace Drive, Hamilton is in the Balfour neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 4 bedrooms and 2 bathrooms, this home offers ample space and comfort for growing families in Balfour, Hamilton.
- •4 spacious bedroom layout offering versatile living space
- •2 well-appointed bathrooms
- •700-1100 sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in Balfour, Hamilton.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
- Park
- School
Interior Features
- Primary Bedroom - Main Floor
- In-Law Capability
- In-Law Suite
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 201 Terrace Drive, Hamilton, ON
Q.What is the asking price for 201 Terrace Drive, Hamilton, ON ?
The current listing price for 201 Terrace Drive, Hamilton, ON in Balfour, Hamilton is $625,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 4 bedrooms and 2 bathrooms across approximately 700-1100 sqft.
Q.What property type and architectural style is 201 Terrace Drive, Hamilton, ON ?
201 Terrace Drive, Hamilton, ON is a Detached (Bungalow) featuring a Full, Finished, Separate Entrance basement.
Q.What key property features does 201 Terrace Drive, Hamilton, ON offer?
Key property features include: Park, School.
Q.What interior features are included in this home?
Interior highlights include: Primary Bedroom - Main Floor, In-Law Capability, In-Law Suite.
Q.Is parking available at this property?
Yes, this property offers parking space for 4.0 vehicles (Detached).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via Central Air.
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Location
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Open in Google MapsNeighborhood Safety & Crime Analytics
Balfour, Hamilton
23 assaults (45.0/100k)
11 B&E (40.0/100k)
15 thefts (45.0/100k)
Improving vs previous year
Formula: (Annual Occurrences / Population) Ă— 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.
Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 201 Terrace Drive, Hamilton, ON L9A 2Z2
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Hamilton, ON
For a property listed at $625,000 in Hamilton, the legal minimum down payment is $37,500 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $8,975 for this transaction. As this listing is in Hamilton (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $8,975.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
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