$550,000 - 35 Chestnut Avenue, Hamilton
Detached for Sale in Hamilton
34 days on marketNeighbourhood: Gibson
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- MLS Number
- X13743264
- Property Type
- Detached
- Status
- active
- Days on Site
- 34
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Hamilton
- Taxes (2026)
- $3,301
- Listing Brokerage
- SERIK REALTY INC
Must-See Detached Brick Home with Double-Car Garage on a Corner Lot! Welcome to this charming detached brick home, ideally situated on a desirable corner lot featuring a spacious double-car garage and inviting front porch. The home offers a functional layout with nicely updated interiors, modern lighting, updated flooring, and thoughtful improvements throughout.The bright and functional main kitchen features updated appliances and a walkout to a private concrete patio, creating a great space for outdoor dining and entertaining.Income-Generating Basement: The fully finished basement features a separate side entrance, its own kitchen, and dedicated laundry, making it ideal for rental income or multi-generational living.Property Features & Updates Include:Double-car garageDesirable corner lotInviting covered front porchUpdated flooringModern LED lighting and pot lightsUpdated kitchen and appliancesRenovated basement kitchenSeparate basement entranceDedicated basement laundryFully finished basementCurrently rented both upstairs and in the basement, providing an excellent opportunity for investors or buyers looking for a property with rental income potential.With its corner-lot location, double-car garage, functional layout, finished basement, and established rental setup, this home offers a great combination of comfortable living and investment potential. A wonderful opportunity for homeowners and investors alike!
Estimate your monthly payments for this property
Estimated Payment
$2,821.79/mo
Includes CMHC insurance ($15,345)
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 Gibson
Gibson 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 Gibson
- •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
Gibson 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.
35 Chestnut Avenue, Hamilton
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Rental income estimator & ROI calculator
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 $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 34 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.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Hamilton. Good resale value as demand remains consistent.
About Gibson
I know Gibson 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 $2,292 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.