$498,000 - 147 Melrose Avenue, Hamilton
Detached for Sale in Hamilton
Neighbourhood: Stipley
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- MLS Number
- X13756564
- Property Type
- Detached
- Status
- active
- Days on Site
- 29
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Hamilton
- Taxes (2026)
- $3,100
- Listing Brokerage
- KELLER WILLIAMS EDGE REALTY
Welcome to Melrose Ave, a standout street in the heart of Hamilton's vibrant Stipley neighbourhood! Timeless character meets modern updates in this move-in-ready home with parking, starting with a classic front porch perfect for your morning coffee or winding down in the evening. The main floor features beautiful hardwood flooring& original trim throughout, a bright living room, formal dining room with a pass-through to the well-appointed kitchen and a flexible bonus space off the kitchen that serves as a functional mudroom and storage area. Upstairs offers 3 spacious bedrooms with ample closet space and a stylish fully renovated 4-piece bathroom. Outside, enjoy a large backyard ideal for entertaining, complete with a generous storage shed. The full basement includes a separate entrance, laundry, a 1-piece bath, cold room, and potential to use the unfinished space. Events and active living is effortless with Hamilton Stadium (Go Ticats!), the recreation facilities at the Bernie Morelli Recreation Centre and Gage Park all just minutes away. Head over to Ottawa Street's famous antique shops, bakeries, and farmer's market and check out some of Hamilton's newest, trendiest cafes and dining spots nearby. Easy transit access and proximity to the future LRT line make this the ultimate urban lifestyle! Recent updates include roof shingles (2021), 2nd level bathroom (2019), electrical (2019) and 2nd level flooring (2019). Additional parking on the street. See multimedia link for video.
Estimate your monthly payments for this property
Estimated Payment
$2,555.00/mo
Includes CMHC insurance ($13,894)
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 $453/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 29 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.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.