166 Terrace Drive, Hamilton, ON
Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Balfour. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $769,900 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.
- 5 Bedrooms and 2 Bathrooms with 2 functional kitchens
- Generous living space spanning 700-1100 sqft on a premium 67.58 x 103.14 ft lot
- Features a separate entrance, finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 7.0 total parking spaces available with a convenient detached configuration
- Notable attributes: Carpet Free, In-Law Suite
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to 166 Terrace Dr. in the desirable Balfour neighbourhood. This charming all Solid Brick Bungalow is Freshly renovated and move-in ready. Offering 3+2 Bedroom, 2 Full Baths, 2 Kitchens and situated on a Large 67x103 ft Lot with Spacious Hobby Garage, Garden Shed, Private Fully Fenced backyard-ideal for kids or pets with Parking for 7. The Upper Level offers a Bright Open Concept layout great for entertaining with Pot lights and Hardwood Flooring throughout. Separate Side Entrance to a Fully Finished basement with in-law suite, perfect for extended family or potential rental income. The lower level includes Large Kitchen area, a Large Rec room with a fireplace, 2 Bedroom with Jack & Jill 4pc Bathroom. Enjoy this quiet family-friendly neighbourhood across from Norwood Park & Norwood Park Elementary school (French Immersion) with close proximity to; Hospital, College, Dollarama, LCBO, Walmart, Shoppers, Canadian Tire, Schools, Churches and just minutes from the Lincoln Alexander (LINC), and Hwy 403.
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Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Fenced Yard, Park, Public Transit, School
Interior Features
Carpet Free, In-Law Suite
Security Features
Carbon Monoxide Detectors
Community Features
Location
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 166 Terrace Drive, Hamilton, ON L9A 2Z1
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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 $769,900 in Hamilton, the legal minimum down payment is $51,990 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 $11,873 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 $11,873.
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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.