$519,000 - 343 Cumberland Avenue, Hamilton
Detached for Sale in Hamilton
36 days on marketNeighbourhood: Blakeley
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- MLS Number
- X13730900
- Property Type
- Detached
- Status
- active
- Days on Site
- 36
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Hamilton
- Taxes (2025)
- $3,773
- Listing Brokerage
- RIGHT AT HOME REALTY
A Hamilton Character Home Ready for its Next Chapter. Now offered at $519,000, with the scope of renovation in mind. Located in Hamilton's Blakeley neighbourhood, a historic Hamilton neighbourhood, known for its mature tree lined streets and early 1900s brick homes, at the base of the Escarpment. This detached brick century home offers approximately 1,100 sq. ft. living space, with 3 bedrooms and 1.5 baths, hardwood floors, rear deck, fenced yard, and views of the Niagara Escarpment from the covered front porch. This is a true renovation opportunity requiring significant updating and repair, with the realities - and potential - of taking on a century home with an older stone foundation. A newer furnace is already in place and a PRE-LISTING HOME INSPECTION available for review. For a renovator, contractor, experienced DIYer or old-house enthusiast, this is an opportunity to re-imagine a genuine Hamilton character home in a sought-after location close to Gage Park, Ottawa Street,the Escarpment Rail Trail, Bruce Trail access and the Wentworth Stairs. Bring your vision, your renovation plans and an appreciation for century home character!
Estimate your monthly payments for this property
Estimated Payment
$2,662.74/mo
Includes CMHC insurance ($14,480)
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 Blakeley
Blakeley 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 Blakeley
- •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
Blakeley 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.
343 Cumberland 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 $472/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 36 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 Blakeley
I know Blakeley 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 $2,163 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.