240 Parkside Drive, Hamilton, ON

$1,829,000
MLS#:X9381880
4 beds
2 baths
1500-2000 sqft
14.0 parking
Residential Freehold
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Property no longer active

This property was sold on November 22, 2024. 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 Waterdown. Expertly crafted featuring premium board & batten and stone construction, this residence presents an exceptional opportunity offered at $1,829,000 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.

  • 4 Bedrooms and 2 Bathrooms
  • Generous living space spanning 1500-2000 sqft on a premium 105 x 188 ft lot
  • Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 14.0 total parking spaces available with a convenient detached configuration
  • Notable attributes: Central Vacuum, Primary Bedroom - Main Floor, Carpet Free
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Welcome home to 240 Parkside Drive. This truly unique property sits on an expansive 105x188 lot and is just steps away from shopping, restaurants, and Memorial Park. The fully renovated bungalow has been tastefully designed and offers over 1600sqft of above grade living space with an open concept floor plan. The eat-in kitchen includes quartz countertops, stainless steel appliances and a breakfast bar. The spacious primary bedroom boasts a dream walk in closet with an island, ensuite privileges, and a sliding door leading to your private deck with hot tub area overlooking your secluded backyard oasis. The fully finished basement provides an additional 2 bedrooms, full bathroom, recreational room, and over sized laundry. Your dream backyard is complete with composite deck and interlock patio to enjoy a peaceful backyard, perfect for outdoor living and entertaining. A separate entrance on the back of the home currently leads to a home salon but can easily be converted to a spacious mudroom. Additionally, the heated, detached 4 car garaged features a studio loft above with its own entrance. Perfect for a home office, fitness space, or potential multigenerational living- the possibilities are endless! The large driveway extends to the back of the property allowing for plenty of parking. Upgrades include Windows (2017), Roof (2017), spray foam insulation, working well, and professionally landscaped yard. This rare offering is one that is sure to impress!

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Property Summary

This detached home located at 240 Parkside Drive, Hamilton is currently for sale and has been available on SousaSells for 651 days. This property is listed at $1,829,000 with an estimated mortgage of $6,088* per month. It has 4 beds, 2 bathrooms, and is 1500-2000 square feet. 240 Parkside Drive, Hamilton is in the Waterdown neighborhood.

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

Key Features

Bedrooms
4
Bathrooms
2
Kitchens
1
Living Area
1500-2000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateNovember 22, 2024
Sold price information is available to members only
Listed Date10/4/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionBoard & Batten , Stone
BasementFinished
Lot Size105 × 188 Feet
CountyHamilton
Annual Tax$7,392
Legal DescriptionPART LOT 8 CON 3 EAST FLAMBOROUGH DESIGNATED AS PART 1 PL 62R8305 SAVE & EXCEPT PART 6 PL 62R19998 CITY OF HAMILTON

Parking & Garage

Parking Spaces14.0
Garage Spaces10
Garage TypeDetached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Interior Features

Central Vacuum, Primary Bedroom - Main Floor, Carpet Free

Security Features

Community Features

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Location

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240 Parkside Drive, 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 240 Parkside Drive, Hamilton, ON L8B 0Y7

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.

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Interest Rate4.00%
Down Payment$548,700 (30.0%)
* Minimum Canadian down payment required for this price is $365,800.
Amortization Period30 Years
Estimated Monthly Payment$6,088Based on a loan of $1,280,300 over 30 years.
Purchase Price$1,829,000
Loan Amount$1,280,300
Provincial Land Transfer Tax:$33,055
Total Estimated Closing Taxes:$33,055

About Purchasing a Home in Hamilton, ON

For a property listed at $1,829,000 in Hamilton, the legal minimum down payment is $365,800 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 $33,055 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 $33,055.

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City & Neighborhood Guide

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

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$1,015,171

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

Guardian Angels
Public705 Centre Road, Waterdown, Hamilton, Ontario, L8N 2Z7
6.7
Flamborough Centre
Public922 Centre Road, Hamilton, Ontario, L8N 2Z7
6.0

Secondary Schools

No secondary schools data loaded.

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.