$1,199,900 - 8404 Chippewa Road, Hamilton
Detached for Sale in Hamilton
Popular ListingNeighbourhood: Mount Hope
- MLS Number
- X13494890
- Property Type
- Detached
- Status
- active
- Days on Site
- 11
- Bedrooms
- 6
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Hamilton
- Listing Brokerage
- RE/MAX ESCARPMENT REALTY INC.
First time offered in over 50 years! This truly unique property has been in the same family for generations and is ready for its next chapter. Situated on a premium 1-acre lot with mature trees, this rare opportunity offers endless potential for multi-generational living, home-based business owners, investors, or those seeking space to grow. The raised bungalow offers over 3,400 sq. ft. of living space with 3 bedrooms and 1 bathroom on the main floor, plus 3 bedrooms and 1 bathroom on the lower level. The interior is ready for your personal vision and finishing touches. Enjoy the expansive wrap-around deck and park-like backyard, perfect for entertaining, family gatherings, and endless outdoor enjoyment. A major highlight is the 1,575 sq. ft. detached shop featuring a car hoist, 10'8" ceiling height, and a 17'6" x 39'11" garage bay with a 10' x 10'8" overhead door. Above the shop is a 1,575 sq. ft. 2-bedroom, 1-bath apartment offering excellent income potential or additional living space for extended family. With 2 gas meters, 2 septic systems, and a location just minutes to Hamilton International Airport and major highway access, this property offers flexibility, functionality, and opportunity rarely found in today's market. A truly special property with unlimited possibilities.
Estimate your monthly payments for this property
Estimated Payment
$5,307.56/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 Mount Hope
Mount Hope 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 Mount Hope
- •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
Mount Hope 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.
8404 Chippewa Road, 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 $800/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.
Excellent Flexibility
With 6 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 Mount Hope
I know Mount Hope 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 $5,000 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.