484 Millen Road Unit 2, Hamilton

Price: $1,999,999

3 bedrooms, 3 bathrooms

3,000 - 3,499 sqft

Property Type: Condo

MLS#: X13545942

Nestled in the prestigious resort like setting of Bal Harbour, this exceptional waterfront residence on Lake Ontario exudes luxury & tranquility. This end unit offers optimal exposure &the most favorable floor plan spanning 3050 sq ft. & a 1000 sq ft custom finished basement. This residence features meticulously designed interiors & lush surroundings including amenities like a private elevator, wine room, sauna & steam bath that truly redefines waterfront living. The expansive kitchen & living area seamlessly connect to a sun-drenched balcony with stunning lake views, while the primary suite offers integrated bedroom & bathroom spaces, complemented by a spacious walk-in closet & direct sunroom access. The basement recreational room is a haven for entertainment enthusiasts, complete with a snug corner for movie nights as well as a sauna& steam bath for unwinding & rejuvenation. *** WATCH VIDEO TOUR *** This end unit boasts a private elevator, an impressive glass railing staircase, luxurious wide plank hardwood flooring, pot lights & large windows overlooking the water, enhanced by motorized Hunter Douglas blinds.***WATCH VIDEO TOUR***

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$1,999,999 - 484 Millen Road Unit 2, Hamilton

Condo for Sale in Hamilton

45 days on market

Neighbourhood: Stoney Creek

3Beds
3Baths
3,000 - 3,499Sq Ft
Condo
Property Details
MLS Number
X13545942
Property Type
Condo
Status
active
Days on Site
45
Bedrooms
3
Bathrooms
3
Square Feet
3,000 - 3,499 sqft
Neighbourhood
Hamilton
Locker
None
Exposure
North East
Balcony
Open
Listing Brokerage
ROYAL LEPAGE SIGNATURE REALTY
Description

Nestled in the prestigious resort like setting of Bal Harbour, this exceptional waterfront residence on Lake Ontario exudes luxury & tranquility. This end unit offers optimal exposure &the most favorable floor plan spanning 3050 sq ft. & a 1000 sq ft custom finished basement. This residence features meticulously designed interiors & lush surroundings including amenities like a private elevator, wine room, sauna & steam bath that truly redefines waterfront living. The expansive kitchen & living area seamlessly connect to a sun-drenched balcony with stunning lake views, while the primary suite offers integrated bedroom & bathroom spaces, complemented by a spacious walk-in closet & direct sunroom access. The basement recreational room is a haven for entertainment enthusiasts, complete with a snug corner for movie nights as well as a sauna& steam bath for unwinding & rejuvenation. *** WATCH VIDEO TOUR *** This end unit boasts a private elevator, an impressive glass railing staircase, luxurious wide plank hardwood flooring, pot lights & large windows overlooking the water, enhanced by motorized Hunter Douglas blinds.***WATCH VIDEO TOUR***

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$8,846.67/mo

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5-yr fixed avg.

Principal: $1,599,999Interest: $1,054,002
Mortgage Amount$1,599,999
Total Interest$1,054,002
Est. Property Tax$1,417/mo
Total Cost$2,654,001

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: Stoney Creek

Discover Stoney Creek

Stoney Creek 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 Stoney Creek

  • 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

Stoney Creek 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

484 Millen Road Unit 2, Hamilton

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$4,360/mo
Range: $3,706 - $5,014
Cap Rate (ROI)
0.3%
Below Average

Monthly Cash Flow Breakdown

Rental Income+$4,360
Maintenance Fees-$1,950
Property Tax (est.)-$1,417
Insurance (est.)-$417
Net Cash Flow+$576

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 $667/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 45 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.

Condo Considerations

For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.

Larger Home Realities

At 3,000 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.

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.

Bathroom Count Matters

With 3 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.

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    484 Millen Road Unit 2, Hamilton | $1,999,999 | Battaglia Team