389 East 38th Street, Hamilton, ON

$719,900
MLS#:X9038237
3 beds
2 baths
700-1100 sqft
6.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable 1 1/2 Storey detached located in the coveted neighborhood of Macassa. Expertly crafted featuring premium brick front and vinyl siding construction, this residence presents an exceptional opportunity offered at $719,900 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.

  • 3 Bedrooms and 2 Bathrooms
  • Generous living space spanning 700-1100 sqft on a premium 50 x 150 ft lot
  • Features a finished, full basement, adding superb versatility for recreation, a home gym, or extra storage
  • 6.0 total parking spaces available with a convenient detached configuration
  • Notable attributes: Water Heater, Sump Pump, Auto Garage Door Remote
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Welcome To This Charming And Beautifully Renovated 2+1 Bedroom, 2 Bathroom, Detached Home Perfectly Situated Atop Hamilton Mountain In The Desirable, Family-Oriented Macassa Neighbourhood. This Property Features An Open Concept Floor Plan, Laminate Flooring Throughout, A Massive 50 X 150 Foot Lot, A Large Detached Garage/Workshop With Gas Heater, Ample Outdoor Storage & A Professionally Finished Basement. The Open Concept Floor Plan Provides A Spectacular Chef Inspired Kitchen With White Cabinetry, Quartz Countertops, A Large Centre Island, Extended Kitchen Cupboards, Stainless Steel Appliances & Under Counter Lighting That Overlooks The Bright And Functional Living And Dining Room With A Walk-Out To A Large Deck. The Separate Dining Room Offers The Potential For An Additional Bedroom. The Second Floor Primary Bedroom And 2nd Bedroom Boast Laminate Flooring And Plenty Of Closet Space. Additional Living Space Has Been Created With A Well Executed Open Concept Professionally Finished Basement That Includes The Additional Third Bedroom. Enjoy Your Summer Days In The Tranquil Backyard Oasis With Mature Trees And A Generously Sized Deck Perfect For Entertaining And Unwinding. Located In A Fantastic Central Location Close To All Amenities And Just Minutes To The Lincoln Alexander Parkway And Access To Redhill & 403/QEW, This Home Will Not Disappoint.

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Property Summary

This detached home located at 389 East 38th Street, Hamilton is currently for sale and has been available on SousaSells for 731 days. This property is listed at $719,900 with an estimated mortgage of $2,396* per month. It has 3 beds, 2 bathrooms, and is 700-1100 square feet. 389 East 38th Street, Hamilton is in the Macassa neighborhood.

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

Key Features

Bedrooms
3
Bathrooms
2
Kitchens
1
Living Area
700-1100 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJuly 24, 2024
Sold price information is available to members only
Listed Date7/15/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style1 1/2 Storey
ConstructionBrick Front, Vinyl Siding
BasementFinished, Full
Lot Size50 × 150 Feet
CountyHamilton
Annual Tax$3,901.51
Legal DescriptionLt 72, Pl 808 ; Hamilton

Parking & Garage

Parking Spaces6.0
Garage Spaces5
Garage TypeDetached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Interior Features

Water Heater, Sump Pump, Auto Garage Door Remote

Security Features

Community Features

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Location

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389 East 38th Street, 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 389 East 38th Street, Hamilton, ON L8V 4G5

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$215,970 (30.0%)
* Minimum Canadian down payment required for this price is $46,990.
Amortization Period30 Years
Estimated Monthly Payment$2,396Based on a loan of $503,930 over 30 years.
Purchase Price$719,900
Loan Amount$503,930
Provincial Land Transfer Tax:$10,873
Total Estimated Closing Taxes:$10,873

About Purchasing a Home in Hamilton, ON

For a property listed at $719,900 in Hamilton, the legal minimum down payment is $46,990 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 $10,873 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 $10,873.

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City & Neighborhood Guide

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

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$745,582

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

Franklin
Public500 Franklin Road, Burkholme, Hamilton, Ontario, L8V 2A4
4.3
Blessed Sacrament
Public315 East 37th Street, Macassa, Hamilton, Ontario, L8V 4B5
6.5
Our Lady of Lourdes
Public420 Mohawk Road East, Thorner, Hamilton, Ontario, L8V 2H7
7.3
Lawfield
Public45 Berko Avenue, Lawfield, Hamilton, Ontario, L8V 2R3
5.9
Highview
Public1040 Queensdale Avenue East, Sunninghill, Hamilton, Ontario, L8T 1J4
4.5

Secondary Schools

Mère-Teresa
Public50 Lisgar Court, Lisgar, Hamilton, Ontario, L8T 4Y4
4.2
Sherwood
Public25 High Street, Sherwood, Hamilton, Ontario, L8T 3Z4
4.4

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.