$2,398,000 - 50 Oak Avenue, Hamilton
Detached for Sale in Hamilton
40 days on marketNeighbourhood: Greensville
- MLS Number
- X13561878
- Property Type
- Detached
- Status
- active
- Days on Site
- 40
- Bedrooms
- 5
- Bathrooms
- 3
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Hamilton
- Listing Brokerage
- ICI SOURCE REAL ASSET SERVICES INC.
One of Greensville's most extraordinary luxury estates, 50 Oak Ave is an architecturally renovated mid-century modern residence on a private one-acre lot with panoramic Escarpment views. A dramatic south-facing wall of glass captures treetops, sunsets and valley. Offering approx 3200 sq. ft. of finished living/outdoor space, the home has been extensively reimagined with major upgrades including roof, plumbing, electrical, windows, insulation, furnace, designer kitchen, appliances, cedar exterior, decks, driveway, landscaping and luxury finishes. Designed for living and entertaining, the home features expansive rooms, abundant natural light, terraces, gated entry, theatre with stage, private fitness studio, generous parking and indoor-outdoor flow. Minutes to Dundas, Ancaster, Hamilton, Burlington, Hwy 403, McMaster, golf, waterfalls, conservation areas and trails. Set on approx. one acre with 144-ft frontage, the estate offers future potential for a pool, outdoor kitchen, gardens, sports court, expanded entertaining areas, detached studio/guest retreat or home expansion, subject to approvals. Conceptual renderings of a proposed glass forest studio and second-storey addition are for illustration only and are not existing structures. Seller can assist qualified purchasers with renderings, floor plans, and materials for permit/zoning review. A rare, move-in-ready luxury sanctuary with views, privacy, craftsmanship and future potential. *For Additional Property Details Click The Brochure Icon Below*
Estimate your monthly payments for this property
Estimated Payment
$10,607.16/mo
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 Greensville
Greensville 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 Greensville
- •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
Greensville 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.
50 Oak 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
Fair Market Value
At $959/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.
Market Position
At 40 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.
Excellent Flexibility
With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Hamilton.
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 Greensville
I know Greensville 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.