110 Gray Road, Hamilton, ON
Property Highlights
Welcome to this remarkable 2-Storey duplex located in the coveted neighborhood of Stoney Creek. Expertly crafted featuring premium aluminum siding and stone construction, this residence presents an exceptional opportunity offered at $1,190,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 7 Bedrooms and 3 Bathrooms with 2 functional kitchens
- Generous living space spanning 3000-3500 sqft on a premium 87 x 150 ft lot
- Features a full, partially finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 6.0 total parking spaces available with a convenient detached configuration
- Notable attributes: Separate Hydro Meter
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
This exceptional duplex property offers a unique combination of immediate rental income and outstanding future development potential. Situated on an expansive oversized lot measuring approximately 87 ft x 150 ft, this property is truly a "diamond in the rough" for investors, builders, and families alike. Currently tenanted, the property generates strong cash flow, with opportunities to further enhance its income potential through strategic improvements. This multi family home with tremendous potential, requiring some TLC and creative remodeling ideas to unlock its full value. Prime Location: Ideally located in the heart of Stoney creek, a major intersection and surrounded by thriving commercial plazas, places of worship, schools, and essential community amenities. Development Potential: Positioned in a high-traffic, high-visibility area, this property presents numerous possibilities for future redevelopment or expansion, subject to applicable approvals. A must-see property with endless potential, waiting for your vision and creativity. Don't miss this rare opportunity to secure a valuable asset in one of Stoney Creek's most desirable and growing locations.
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Separate Hydro Meter
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 110 Gray Road, Hamilton, ON L8G 3V1
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Hamilton, ON
For a property listed at $1,190,000 in Hamilton, the legal minimum down payment is $238,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $20,275 for this transaction. As this listing is in Hamilton (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $20,275.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.