$669,000 - 42 LAKE Avenue, Hamilton
Detached for Sale in Hamilton
New — Listed 3 days agoNeighbourhood: Riverdale
- MLS Number
- X13697146
- Property Type
- Detached
- Status
- active
- Days on Site
- 3
- Bedrooms
- 4
- Bathrooms
- 1
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Hamilton
- Lot Size
- 6,522 sqft
- Listing Brokerage
- RE/MAX ESCARPMENT REALTY INC.
Welcome to 42 Lake Ave North - A Home Full of Space, Privacy, and Possibilities. Discover the charm and potential of 42 Lake Ave North, a welcoming home set higher on the lot and tucked away from the main road. With plenty of parking for family and friends and an abundance of indoor and outdoor space, this property offers the flexibility to make it truly your own. Step outside and enjoy a large, private backyard, garden area, and a covered deck that's perfect for entertaining, relaxing, or enjoying summer evenings. There's even room to add a hot tub and create your own backyard retreat. A standout feature is the large heated workshop with A/C, ready to be customized to suit your hobbies, projects, or recreational needs. Prefer a garage? The space could potentially be converted back to a detached garage for a vehicle, motorcycle, boat, ATV and/or other toys. A spacious shed provides additional storage and could even be transformed into a special retreat for the family pet. Inside, the bright living room features beautiful hardwood floors, while the eat-in-kitchen offers a comfortable space for everyday meals. The main floor also includes a bedroom and bathroom for added convenience. Upstairs, you'll find two additional bedrooms, providing plenty of room for family, guests, or a home office. The finished basement adds even more versatility, featuring a cozy gas fireplace in the family room, an additional bedroom, spacious laundry room, and den. With generous outdoor space, versatile outbuildings, and plenty of room to personalize, 42 Lake Ave North is a home with both character and opportunity.
Estimate your monthly payments for this property
Estimated Payment
$3,432.32/mo
Includes CMHC insurance ($18,665)
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 Riverdale
Riverdale 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 Riverdale
- •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
Riverdale 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.
42 LAKE Avenue, Hamilton
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
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
Fair Market Value
At $956/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.
Just Listed - Act Strategically
This property hit the market within the last week. In Hamilton's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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.
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 Riverdale
I know Riverdale 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.