227 Lovers Lane, Hamilton, ON

$1,199,000
MLS#:X8426582
0 beds
0 baths
Residential Freehold
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Property Highlights

Welcome to this remarkable vacant land located in the coveted neighborhood of Ancaster. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $1,199,000 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
  • Premium 76 x 170 ft lot size
  • Notable attributes: None

Description

Don't miss this unique opportunity to build your dream home on this large private building lot with a prestigious Lovers Lane address. The options are endless on this oversized 76x170ft lot with full municipal services. Bring your own builder or discuss the many options for a custom home with an award-winning local luxury home builder. Walking distance to the heart of Ancaster and Dundas Conservation trails while nestled in a mature neighbourhood, this premium lot is perfect for your future home. Please note photo is an artist rendering and should be used as inspiration image only. Neighbouring property, 235 Lovers Lane also available.

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Property Summary

This vacant land located at 227 Lovers Lane, Hamilton is currently for sale and has been available on SousaSells for 765 days. This property is listed at $1,199,000 with an estimated mortgage of $3,991* per month. It has 0 beds, 0 bathrooms, and is unknown square feet. 227 Lovers Lane, Hamilton is in the Ancaster neighborhood.

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

Key Features

000
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateAugust 29, 2024
Sold price information is available to members only
Listed Date6/11/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeVacant Land
Lot Size76 × 170 Feet
CountyHamilton
Annual Tax$1
Legal DescriptionTBA

Heating & Cooling

Features

Property Features

Arts Centre, Golf, Library, Park, School

Interior Features

None

Security Features

Community Features

Location

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227 Lovers Lane, 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 227 Lovers Lane, Hamilton, ON L9G 4T7

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.

Market Trend
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Mortgage & Affordability Audit

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

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Interest Rate4.00%
Down Payment$359,700 (30.0%)
* Minimum Canadian down payment required for this price is $239,800.
Amortization Period30 Years
Estimated Monthly Payment$3,991Based on a loan of $839,300 over 30 years.
Purchase Price$1,199,000
Loan Amount$839,300
Provincial Land Transfer Tax:$20,455
Total Estimated Closing Taxes:$20,455

About Purchasing a Home in Hamilton, ON

For a property listed at $1,199,000 in Hamilton, the legal minimum down payment is $239,800 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 $20,455 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 $20,455.

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City & Neighborhood Guide

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

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$1,414,890

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 Vincent de Paul
Public295 Greencedar Drive, Gurnett, Hamilton, Ontario, L9C 7M9
7.2
Gordon Price
Public11 Guildwood Drive, Gurnett, Hamilton, Ontario, L9C 7K2
3.6
St Teresa of Avila
Public171 San Remo Drive, Mountview, Hamilton, Ontario, L9C 6P8
4.9
Mountview
Public59 Karen Crescent, Mountview, Hamilton, Ontario, L9C 5M5
5.6
St Thérèse of Lisieux
Public1760 Garth Street, Carpenter, Hamilton, Ontario, L9B 2X5
7.1

Secondary Schools

Sir Allan MacNab
Public145 Magnolia Drive, Fessenden, Hamilton, Ontario, L9C 5P4
3.8
St. Thomas More
Catholic1045 Upper Paradise Road, Falkirk East, Hamilton, Ontario, L9B 2N4
6.1

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.