$689,900 - 180 Terrace Drive, Hamilton
Detached for Sale in Hamilton
Neighbourhood: Balfour
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- MLS Number
- X13788552
- Property Type
- Detached
- Status
- active
- Days on Site
- 22
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Hamilton
- Taxes (2026)
- $5,015
- Listing Brokerage
- RE/MAX ESCARPMENT GOLFI REALTY INC.
Welcome to this lovely backsplit, offering a bright and spacious layout with plenty of room for the whole family! Featuring 3 generous-sized bedrooms and 1.5 baths, this home has been thoughtfully updated and is move-in ready. The updated kitchen boasts stainless steel appliances, granite countertops and extended cabinetry, providing both style and functionality. The bright living room features a large bay window that fills the space with natural light and creates a warm, inviting atmosphere. The cozy lower-level family room is a wonderful bonus, with large windows that let in an abundance of natural light and make the space feel anything but like a basement. Convenient lower-level laundry room with walk-out to the backyard adds flexibility and functionality, while offering exciting potential for an in-law suite or rental unit. Detached garage and parking for 4 cars, plus additional street parking, provide plenty of parking options. Ideally located close to schools, shopping, parks and public transit, with easy access to major highways. A wonderful opportunity to own a comfortable, updated home with excellent space, parking and future potential!
Estimate your monthly payments for this property
Estimated Payment
$3,539.54/mo
Includes CMHC insurance ($19,248)
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 Balfour
Balfour 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 Balfour
- •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
Balfour 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.
180 Terrace Drive, 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
Fair Market Value
At $986/sqft, this property is priced in line with current Hamilton market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Market Position
At 22 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.
Efficient Living
At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
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 Balfour
I know Balfour 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.