$519,900 - 147 Melrose Avenue, Hamilton
Detached for Sale in Hamilton
Neighbourhood: Stipley
- MLS Number
- X13627686
- Property Type
- Detached
- Status
- active
- Days on Site
- 23
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Hamilton
- Listing Brokerage
- KELLER WILLIAMS EDGE REALTY
Welcome to 147 Melrose Ave N, where timeless character meets modern style& central urban convenience. Located in the heart of Hamilton's Stipley neighbourhood, this updated detached home w/ parking, welcomes you with a classic front porch - an ideal spot for a morning coffee or a relaxing evening and an inviting foyer anchored by a beautiful original wooden staircase. Next you'll find a spacious light-filled living room. Beautiful hardwood flooring& original trim throughout. The formal dining room sits conveniently beside a well-appointed kitchen which features a charming pass-through window that keeps conversations flowing between the two rooms while making meals. Tucked just off the kitchen, a flexible bonus space serves as a practical mudroom& storage area. Upstairs, you'll find 3 generously sized bedrooms, each offering ample closet space and a fully renovated, stylish 4 pc bathroom. Generously sized backyard perfect for hosting family& friends, complete with a large storage shed for tools, bikes& equipment. For even more potential, the basement features a large open area of unfinished space, laundry and a 1 pc bathroom. There's also a cold room and a separate entrance. Beyond the property itself, the home is perfectly positioned to enjoy the best of the city. Head over to Ottawa Street North to explore famous antique shops, artisan bakeries& vibrant weekly farmers markets and check out some of Hamilton's newest, trendiest cafes and dining spots nearby. Active living and events are effortless with Gage Park, Hamilton Stadium and the recreation facilities at the Bernie Morelli Recreation Centre all just minutes away. Complete with easy daily transit access and proximity to the future LRT line, this move-in-ready home offers an exceptional opportunity to embrace a vibrant, walkable urban lifestyle! Recent updates - roof, bathroom and electrical *See multimedia link for the video
Estimate your monthly payments for this property
Estimated Payment
$2,667.36/mo
Includes CMHC insurance ($14,505)
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 Stipley
Stipley 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 Stipley
- •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
Stipley 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.
147 Melrose Avenue, 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 $473/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 23 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.
Detached Home Advantages
Detached homes in Hamilton are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
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 Stipley
I know Stipley 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 $2,166 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.