35 Folkestone Avenue, Hamilton, ON
Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Lawfield. Expertly crafted featuring premium stucco (plaster) construction, this residence presents an exceptional opportunity offered at $639,900 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 3 Bathrooms with 2 functional kitchens
- Generous living space spanning 700-1100 sqft on a premium 47.7 x 100 ft lot
- Features a finished, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- 6.0 total parking spaces available
- Notable attributes: In-Law Suite
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Updated 3+2 Bedroom Bungalow With *LEGAL* 2nd Dwelling Basement Apartment Located In The Highly Sought After Lawfield Neighbourhood, Nestled In A Quiet, Peaceful And Family Friendly Area. Situated On A Generous 47 X 100 Ft Lot, This Carpet Free Home Features A Modern Stucco Exterior, Pot Lights, Vinyl Floors And Stainless Steel Appliances. Bright Open Concept Layout Combining Living And Dining Areas Creates A Warm And Inviting Space For Everyday Living And Entertaining. The Home Offers Separate Laundry On The Main Floor As Well As In The Basement For Added Convenience. Spacious Legal Finished Basement Apartment Built In 2022 Featuring 2 Bedrooms, 2 Bathrooms, Full Kitchen And Its Own Separate Laundry, Previously Generating $1,950 In Monthly Rental Income, Helping Subsidize A Significant Portion Of The Mortgage And Making Homeownership Much More Affordable, While Offering Peace Of Mind Knowing The Unit Meets Legal Requirements. Ideal For Extended Family Or Excellent Income Potential. Enjoy A Deep Lot With A Serene Backyard, Perfect For Summer Gatherings And Gardening Enthusiasts. Long Driveway With Parking For Up To 6 Cars. Prime Location Within Walking Distance To Schools, Grocery Stores, Restaurants, Lawfield Arena, Public Transit And Everyday Amenities, And Just 5 Minutes To CF Lime Ridge Mall. Close To Parks, Walking Trails And Recreational Facilities With Easy Access To Lincoln M Alexander Parkway (LINC) Less Than 2 Minutes From The Highway Ramp, Offering Seamless Commuting. Easy Driving Access To Mohawk College And McMaster University. Some Photos Are Virtually Staged. Come And Fall In Love With This Beauty!
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Pricing & Value Insights
Data-driven valuation for 35 Folkestone Avenue, Hamilton, ON L8V 4M9
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About Purchasing a Home in Hamilton, ON
For a property listed at $639,900 in Hamilton, the legal minimum down payment is $38,990 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 $9,273 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 $9,273.
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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.