1221 Binbrook Road, Hamilton, ON
Property Highlights
Welcome to this remarkable vacant land located in the coveted neighborhood of Rural Glanbrook. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $2,500,000 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.
- 0 Bedrooms and 0 Bathrooms
- Spacious lot size measured in Acres
- Notable attributes: None
Description
Rare 184ac farm property located mins E of Binbrook - 25 min to Hamilton, Grimsby & QEW. This "PURE" rectangular shaped parcel enjoys 1330ft of frontage on Binbrook Rd continuing south w/similar frontage on Kirk Rd. Incs 1 stry home (1870) & moved/placed on 1452sf block basement in 1952. Offers 1481sf of functional living space incs 9.4' ceilings, lrg kitchen, laundry room, living room, 4 bedrooms, 4pc bath & rear door WO. Unfinished basement houses mechanicals & wood burning stove. Extras -1500g. cistern, septic, 100 amp hydro, roof-2009 & some replaced windows. Serviced w/electric & wood heat; however, natural gas lines front on Binbrook & Kirk Rd. Majority of value in aprx. 160ac of workable land. Hydro corridor easement dissects midsection of property (east to west), allowing for possible future severance. LAND - the WISE investment!
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Property Summary
This vacant land located at 1221 Binbrook Road, Hamilton is currently for sale and has been available on SousaSells for 612 days. This property is listed at $2,500,000 with an estimated mortgage of $8,322* per month. It has 0 beds, 0 bathrooms, and is unknown square feet. 1221 Binbrook Road, Hamilton is in the Rural Glanbrook neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 1221 Binbrook Road, Hamilton, ON L0R 1C0
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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 $2,500,000 in Hamilton, the legal minimum down payment is $500,000 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 $48,975 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 $48,975.
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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.