$774,900 - 2565 Hwy 56 Road, Hamilton
Detached for Sale in Hamilton
43 days on marketNeighbourhood: Binbrook
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- MLS Number
- X13711204
- Property Type
- Detached
- Status
- active
- Days on Site
- 43
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Hamilton
- Taxes (2026)
- $4,714
- Listing Brokerage
- ROYAL LEPAGE STATE REALTY
Welcome to the Beautiful Town of Binbrook! This fabulous 2 bedroom 2 bathroom bungalow is in the heart of Binbrook, sitting on a huge 100.00foot x 193.43 foot, 0.466 acre lot, mostly hardwood floors, California shutters. This wonderful home is quite spacious, approximately 1780square feet with plenty of room for everyone boasting a gorgeous primary bedroom with a walk in closet and a 3 piece ensuite bathroom, A stunning kitchen, with Wingers Custom Cabinets with an island, granite counters, separate living, (with huge pantry) and dining rooms, main floor laundry, A Big Bright Beautiful family room with plenty of windows that lets in an abundance of natural light overlooking a pristine and well manicured yard, A huge workshop that is perfect for your hobbyist or handyman, Parking for 6 cars, newer central air conditioner in 2021, This well maintained & cared for home is ideally situated in this wonderful little town, nears parks, schools, playgrounds and the Fairgrounds, you can move right into this beautiful home!
Estimate your monthly payments for this property
Estimated Payment
$3,975.64/mo
Includes CMHC insurance ($21,620)
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 Binbrook
Binbrook 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 Binbrook
- •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
Binbrook 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.
2565 Hwy 56 Road, 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 $517/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 43 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.
About Binbrook
I know Binbrook 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 $3,229 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
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.