$599,990 - 157 East 5th Street, Hamilton
Detached for Sale in Hamilton
42 days on marketNeighbourhood: Centremount
- MLS Number
- X13556246
- Property Type
- Detached
- Status
- active
- Days on Site
- 42
- Bedrooms
- 3
- Bathrooms
- 1
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Hamilton
- Listing Brokerage
- RE/MAX ESCARPMENT REALTY INC.
Welcome to this charming, lovingly maintained two-storey home in Hamilton's sought-after Centremount neighbourhood, where comfort, convenience and future potential come together. Offering nearly 1,500 sq ft of bright, inviting living space, this three-bedroom is the perfect place to settle in, grow and create lasting memories. From the moment you step inside, you'll appreciate the warmth of the sun-filled living spaces and the thoughtful updates throughout. Modern flooring, a beautifully refreshed bathroom, newer windows, and a furnace and central air conditioner installed in 2022 offer a move-in-ready experience, while the roof, replaced in 2017, provides added peace of mind. The impressive 162-foot-deep lot is a standout feature, offering a spacious backyard with endless possibilities. Whether you envision summer barbecues, a play space for kids and pets, a beautiful garden retreat, or exploring the potential for an Additional Dwelling Unit (ADU), this property gives you room to dream and grow. The unfinished basement is a blank canvas ready for your vision - create the recreation room, home gym, office or extra storage space you've always wanted. A private driveway with parking for three vehicles makes everyday living even more convenient. Perfectly situated within walking distance of Mohawk College, Upper James Street, parks, schools, shopping, restaurants and public transit, you'll love the ease of having everything you need close to home. Quick access to the LINC and downtown Hamilton also makes commuting simple. Whether you're a first-time buyer, a growing family, or an investor looking for future potential, this move-in-ready home offers the ideal blend of lifestyle, location and opportunity.
Estimate your monthly payments for this property
Estimated Payment
$3,078.26/mo
Includes CMHC insurance ($16,740)
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 Centremount
Centremount 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 Centremount
- •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
Centremount 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.
157 East 5th Street, 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 $400/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 42 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 Centremount
I know Centremount 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 $2,500 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.