214 Margaret Avenue, Hamilton, ON

$549,900
MLS#:X11922890
2 beds
1 baths
700-1100 sqft
10.0 parking
Residential Freehold
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Property no longer active

This property was sold on January 24, 2025. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Stoney Creek. Expertly crafted featuring premium aluminum siding and brick construction, this residence presents an exceptional opportunity offered at $549,900 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.

  • 2 Bedrooms and 1 Bathroom
  • Generous living space spanning 700-1100 sqft on a premium 50 x 204.73 ft lot
  • Features a partially finished, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
  • 10.0 total parking spaces available
  • Notable attributes: Water Heater
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Welcome to 214 Margaret Ave, a charming 2-bedroom bungalow nestled on an oversized 50 x 204 ft lot in the highly sought-after Stoney Creek neighbourhood. This property is perfect for first-time homebuyers, down-sizers, or anyone seeking a property with incredible potential. The main floor offers a functional layout featuring a bright eat-in kitchen, a spacious living area, two cozy bedrooms, and a 4-piece bathroom. The partially finished basement provides additional space that can be tailored to your needs - whether its a recreation room, office, or extra storage. One of the standout features of this property is the impressive outdoor space. The deep lot offers endless possibilities for outdoor living, gardening, or future expansion. The double-wide asphalt driveway provides ample parking for up to 10 vehicles, making it ideal for families with multiple vehicles, hobbyists, or hosting guests. While this home is in need of some minor TLC, its an excellent opportunity to customize and create your dream living space. The unbeatable location in Stoney Creek offers easy access to schools, parks, shopping, and public transit, ensuring all your daily conveniences are close at hand. Don't miss your chance to own this unique property with so much potential in one of Stoney Creek's most desirable neighbourhoods!

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Property Summary

This detached home located at 214 Margaret Avenue, Hamilton is currently for sale and has been available on SousaSells for 549 days. This property is listed at $549,900 with an estimated mortgage of $1,830* per month. It has 2 beds, 1 bathroom, and is 700-1100 square feet. 214 Margaret Avenue, Hamilton is in the Stoney Creek neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

Bedrooms
2
Bathrooms
1
Kitchens
1
Living Area
700-1100 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJanuary 24, 2025
Sold price information is available to members only
Listed Date1/14/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionAluminum Siding, Brick
BasementPartially Finished, Separate Entrance
Lot Size50 × 204.73 Feet
CountyHamilton
Annual Tax$3,604
Legal DescriptionLT 97, PL 644 ; STONEY CREEK CITY OF HAMILTON

Parking & Garage

Parking Spaces10.0
Garage Spaces10
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Fenced Yard, Level, Park, Place Of Worship, Rec./Commun.Centre, School

Interior Features

Water Heater

Security Features

Community Features

Location

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214 Margaret Avenue, Hamilton, ON
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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 214 Margaret Avenue, Hamilton, ON L8E 2H8

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Hamilton.

Configure Loan Settings

Interest Rate4.00%
Down Payment$164,970 (30.0%)
* Minimum Canadian down payment required for this price is $29,990.
Amortization Period30 Years
Estimated Monthly Payment$1,830Based on a loan of $384,930 over 30 years.
Purchase Price$549,900
Loan Amount$384,930
Provincial Land Transfer Tax:$7,473
Total Estimated Closing Taxes:$7,473

About Purchasing a Home in Hamilton, ON

For a property listed at $549,900 in Hamilton, the legal minimum down payment is $29,990 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 $7,473 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 $7,473.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Stoney Creek, Hamilton.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$906,563

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

St Agnes
Public80 Colcrest Street, Riverdale East, Hamilton, Ontario, L8E 3Y8
5.5
St David
Public33 Cromwell Crescent, Greenford, Hamilton, Ontario, L8G 2E9
5.4
Hillcrest
Public40 Eastwood Street, Mcquesten East, Hamilton, Ontario, L8H 6R7
5.4
Sir Wilfrid Laurier
Public70 Albright Road, Vincent, Hamilton, Ontario, L9H 0A3
3.9
St Luke
Public345 Albright Road, Red Hill, Hamilton, Ontario, L8K 6N3
5.8

Secondary Schools

Glendale
Public145 Rainbow Drive, Corman, Hamilton, Ontario, L8K 4G1
4.6

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

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.