$699,900 - 5 Murphy Lane, Hamilton
Condo for Sale in Hamilton
Neighbourhood: Binbrook
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- MLS Number
- X13763170
- Property Type
- Condo
- Status
- active
- Days on Site
- 28
- Bedrooms
- 1
- Bathrooms
- 3
- Square Feet
- 1,000 sqft
- Neighbourhood
- Hamilton
- Taxes (2026)
- $3,879
- Maintenance Fees
- $331/mo
- Locker
- None
- Exposure
- East
- Balcony
- None
- Listing Brokerage
- RE/MAX ESCARPMENT FRANK REALTY
Welcome home to this beautifully updated bungalow nestled in a tranquil corner of Binbrook - a vibrant community celebrated for its relaxed, adult-oriented lifestyle. Step into the modernized kitchen, featuring sleek quartz countertops and stainless-steel appliances, perfect for the culinary enthusiast. Natural light floods the space, accentuating the rich dark hardwood floors that create a warm, inviting atmosphere for gathering with friends and family. The spacious primary bedroom boasts two closets and a luxurious ensuite, providing a serene retreat. Downstairs, the finished basement is designed for enjoyable living, complete with a cozy family room, a convenient 3-piece bathroom, guest accommodations, and ample storage. It's the perfect spot to unwind with a glass of wine after a long day. Outside, tranquility reigns - the covered front porch invites relaxation, while the lush private terrace and sun-drenched back deck offer peaceful outdoor spaces that embrace Binbrook's low-maintenance, community-oriented lifestyle. Explore the charm of Binbrook and discover its commitment to community and the environment!
Estimate your monthly payments for this property
Estimated Payment
$3,590.85/mo
Includes CMHC insurance ($19,527)
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.
5 Murphy Lane, 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 $700/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 28 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. The $331/month fees should cover building insurance, common elements, and reserve contributions.
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.
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 $2,916 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.