$539,999 - 1115 Paramount Drive Unit 50, Hamilton
Condo for Sale in Hamilton
35 days on marketNeighbourhood: Stoney Creek
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- MLS Number
- X13737202
- Property Type
- Condo
- Status
- active
- Days on Site
- 35
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- Hamilton
- Taxes (2026)
- $3,450
- Maintenance Fees
- $467/mo
- Locker
- None
- Exposure
- East West
- Balcony
- None
- Listing Brokerage
- RE/MAX ESCARPMENT REALTY INC.
Unit 50 at 1115 Paramount Drive presents an exceptional opportunity in Stoney Creek's established Heritage Green neighbourhood. At nearly 1,250 square feet, this townhouse offers generous proportions and an abundance of natural light throughout. Three well-appointed bedrooms are bright and inviting, complemented by two bathrooms designed for the demands of family living. The updated kitchen is both refined and highly functional, featuring a built-in wall oven and microwave, gas cooktop and stainless steel appliances. Separate living and dining rooms provide distinct spaces for entertaining and everyday comfort, with the living room opening directly to the rear yard. Privacy is a defining feature of this residence. The fully fenced backyard is low maintenance by design and backs onto shared green space, ensuring no rear neighbours and an uninterrupted outlook that extends the sense of light and openness found indoors. Inside entry from the garage offers secure, sheltered access, while updated interior doors and newer flooring on the main level reflect a well-maintained interior. Highly regarded schools are close at hand, and access to the Lincoln Alexander and Red Hill Valley Parkways is direct and convenient. The newly opened Confederation GO terminal makes commuting to Toronto remarkably straightforward, and shopping, dining, parks and trails are all within minutes. A bright, private and thoughtfully updated home in one of Stoney Creek's most desirable communities. RSA.
Estimate your monthly payments for this property
Estimated Payment
$2,770.47/mo
Includes CMHC insurance ($15,066)
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 Stoney Creek
Stoney Creek 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 Stoney Creek
- •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
Stoney Creek 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.
1115 Paramount Drive Unit 50, Hamilton
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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 $450/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.
Market Position
At 35 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. The $467/month fees should cover building insurance, common elements, and reserve contributions.
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.
About Stoney Creek
I know Stoney Creek well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.
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 $2,250 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.