38 East 16th Street, Hamilton, ON
Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Inch Park. Expertly crafted featuring premium stone and brick veneer construction, this residence presents an exceptional opportunity offered at $1,149,000 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.
- 5 Bedrooms and 5 Bathrooms with 2 functional kitchens
- Generous living space spanning 2000-2500 sqft on a premium 30 x 129 ft lot
- Features a finished with walk-out, separate entrance, full, finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 2.0 total parking spaces available
- Notable attributes: In-Law Capability, In-Law Suite
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to this beautifully renovated 5 bedroom, 5 bathroom home offering two modern, 2-storey units, perfect for multi-generational living or investment potential. Unit One features 3 spacious bedrooms, 3 full baths, a fully finished basement, and luxury finishes throughout. Pot lights illuminate the open-concept layout, while a sliding glass door leads directly to the backyard, creating seamless indoor outdoor living. Unit Two offers 2 bedrooms and 1 full bath upstairs, with a stylish main floor complete with a chef inspired kitchen, island seating, a power room and sliding doors to the backyard. Every detail has been thoughtfully updated, blending comfort and functionality with high-end design. Whether you're looking for space to grow, room for extended family, or income potential, this property is a rare opportunity!
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Pricing & Value Insights
Data-driven valuation for 38 East 16th Street, Hamilton, ON L9A 4H9
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About Purchasing a Home in Hamilton, ON
For a property listed at $1,149,000 in Hamilton, the legal minimum down payment is $229,800 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 $19,455 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 $19,455.
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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.