197 Cloverleaf Drive, Hamilton

Price: $1,250,000

6 bedrooms, 4 bathrooms

2,500 - 2,999 sqft

Property Type: Detached

MLS#: X13412034

Welcome to this beautifully maintained detached home in the heart of desirable Ancaster. Situated on a quiet family-friendly street, 197 Cloverleaf Drive offers the perfect blend of space, functionality, and comfort for growing or multi-generational families. The main floor features a bright open-concept layout with spacious living and dining areas flowing seamlessly into the kitchen and dinette, creating an ideal space for both everyday living and entertaining. Convenient main floor laundry and a powder room add to the home's practical design. Upstairs, you'll find 4 generously sized bedrooms and 2 full bathrooms, providing plenty of room for the whole family. The fully finished basement offers incredible versatility with 2 additional bedrooms, a full bathroom, kitchen, and separate entrance - perfect for extended family, guests, or potential in-law suite opportunities. Step outside to enjoy a private backyard surrounded by mature trees, offering a peaceful setting for relaxing or entertaining outdoors. Located close to parks, schools, shopping, and major amenities, this home is a fantastic opportunity in one of Ancaster's most sought-after communities.

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$1,250,000 - 197 Cloverleaf Drive, Hamilton

Detached for Sale in Hamilton

Neighbourhood: Meadowlands

6Beds
4Baths
2,500 - 2,999Sq Ft
Detached
Property Details
MLS Number
X13412034
Property Type
Detached
Status
active
Days on Site
30
Bedrooms
6
Bathrooms
4
Square Feet
2,500 - 2,999 sqft
Neighbourhood
Hamilton
Listing Brokerage
HOMELIFE/MIRACLE REALTY LTD
Description

Welcome to this beautifully maintained detached home in the heart of desirable Ancaster. Situated on a quiet family-friendly street, 197 Cloverleaf Drive offers the perfect blend of space, functionality, and comfort for growing or multi-generational families. The main floor features a bright open-concept layout with spacious living and dining areas flowing seamlessly into the kitchen and dinette, creating an ideal space for both everyday living and entertaining. Convenient main floor laundry and a powder room add to the home's practical design. Upstairs, you'll find 4 generously sized bedrooms and 2 full bathrooms, providing plenty of room for the whole family. The fully finished basement offers incredible versatility with 2 additional bedrooms, a full bathroom, kitchen, and separate entrance - perfect for extended family, guests, or potential in-law suite opportunities. Step outside to enjoy a private backyard surrounded by mature trees, offering a peaceful setting for relaxing or entertaining outdoors. Located close to parks, schools, shopping, and major amenities, this home is a fantastic opportunity in one of Ancaster's most sought-after communities.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$5,529.17/mo

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5-yr fixed avg.

Principal: $1,000,000Interest: $658,751
Mortgage Amount$1,000,000
Total Interest$658,751
Est. Property Tax$885/mo
Total Cost$1,658,751

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.

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Neighbourhood Guide: Meadowlands

Discover Meadowlands

Meadowlands 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 Meadowlands

  • Convenient location in Hamilton
  • Access to local shops and dining
  • Good public transit connections
  • Community parks and green spaces
  • Well-maintained neighbourhoods

Nearby Schools

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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

Meadowlands 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.

70
Walk Score
Varies
Price Range

197 Cloverleaf Drive, Hamilton

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$4,350/mo
Range: $3,698 - $5,003
Cap Rate (ROI)
3.1%
Fair

Monthly Cash Flow Breakdown

Rental Income+$4,350
Maintenance Fees-$0
Property Tax (est.)-$885
Insurance (est.)-$260
Net Cash Flow+$3,205

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $500/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 30 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.

Excellent Flexibility

With 6 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Hamilton.

Bathroom Count Matters

With 4 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.

About Meadowlands

I know Meadowlands 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.

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    197 Cloverleaf Drive, Hamilton | $1,250,000 | Battaglia Team