80 Ontario Avenue, Hamilton, ON
Property Highlights
Welcome to this remarkable vacant land located in the coveted neighborhood of Stinson. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $329,990 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.
- 0 Bedrooms and 0 Bathrooms
- Premium 25 x 98 ft lot size
Description
Vacant land opportunity in a prime location at 80 Ontario Ave. Situated on a 25 x 98 ft lot, this property offers a fantastic canvas for investors, builders, or end users looking to capitalize on a desirable setting with strong future potential. Offered at $329,990 the property also features attractive Vendor Take-Back (VTB) financing with just 30% down, 6.75% interest-only payments, and a 1-year term-providing flexible acquisition options. Plans for a legal duplex with a third unit (in-law suite) can be included for the Buyer-adding immediate value and development potential. An excellent opportunity to secure land in a sought-after area with favourable financing and future income potential.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 80 Ontario Avenue, Hamilton, ON L8N 2X2
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 $329,990 in Hamilton, the legal minimum down payment is $16,500 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 $3,425 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 $3,425.
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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.
