$869,900 - 55 Magnificent Way, Hamilton
Detached for Sale in Hamilton
Popular ListingNeighbourhood: Binbrook
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- MLS Number
- X13829336
- Property Type
- Detached
- Status
- active
- Days on Site
- 12
- Bedrooms
- 3
- Bathrooms
- 4
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Hamilton
- Taxes (2025)
- $5,030
- Listing Brokerage
- iCloud Realty Ltd.
Welcome to 55 Magnificent Way, a beautifully appointed detached home in the desirable Binbrook community. Offering approximately 1,860 sq. ft. of living space, this spacious 3-bedroom, 4-bathroom residence combines comfort, functionality and style. The inviting main floor features a warm and welcoming living space with fireplace, well-appointed kitchen and convenient 2-piece powder room. Upstairs offers three generous bedrooms, including a spacious primary suite with private ensuite, plus a second full bathroom. The finished basement adds valuable flexible living space with an additional 2-piece bath-perfect for a recreation room, home office, gym or guest area. Enjoy outdoor living on the rear deck, along with the convenience of a double garage and ample driveway parking. Situated in a desirable family-friendly neighbourhood close to parks, schools, shopping and local amenities. Move-in ready and offering exceptional versatility for today's lifestyle-don't miss this opportunity to make Magnificent Way your new home!
Estimate your monthly payments for this property
Estimated Payment
$4,463.04/mo
Includes CMHC insurance ($24,270)
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.
55 Magnificent Way, 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 $580/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.
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.
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 4 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 $3,625 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.