391 East 16th Street, Hamilton, ON
Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Hill Park. Expertly crafted featuring premium brick veneer construction, this residence presents an exceptional opportunity offered at $699,900 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.
- 4 Bedrooms and 2 Bathrooms with 2 functional kitchens
- Generous living space spanning 700-1100 sqft on a premium 41.16 x 145.47 ft lot
- Features a separate entrance, walk-up, finished, apartment basement, adding superb versatility for recreation, a home gym, or extra storage
- 2.0 total parking spaces available
- Notable attributes: Accessory Apartment, In-Law Suite
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to 391 East 16th Street-The Perfect Mortgage Helper on Hamilton Mountain!Nestled in a quiet cul-de-sac in a highly sought-after neighborhood, this charming 3-bedroom bungalow offers a brilliant opportunity for smart homeownership: live comfortably on the main level while the fully equipped basement suite helps pay your mortgage.Your Main Floor SanctuaryThe bright and inviting main floor is completely move-in ready and designed for comfortable living. It features three spacious bedrooms flooded with natural light, offering a highly functional layout that is perfect for relaxing, working from home, or starting a family.The Income SuiteMaximize your investment with the fully finished lower level. Complete with a private, separate entrance, a second kitchen, and a large living area, this space is perfectly laid out to attract a quality tenant. It's a turnkey setup for generating reliable rental income to offset your living expenses.Outdoor Living & LocationSet on a generous pie-shaped lot, the property offers a fantastic backyard space for gardening, entertaining, or simply unwinding. A covered concrete patio allows you to enjoy the outdoors regardless of the weather, while the detached garage provides secure parking and extra storage.Because it sits in a peaceful cul-de-sac with minimal traffic, this home provides a quiet haven while still keeping you close to everything. You are just minutes away from schools, parks, shopping, public transit, and major highways for an easy commute.Lovingly maintained with quality finishes, 391 East 16th Street is a rare find that combines a wonderful place to live with a savvy financial advantage. Don't miss your chance to own this gem!
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Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Cul de Sac/Dead End, Fenced Yard, Level, Public Transit, Rec./Commun.Centre
Interior Features
Accessory Apartment, In-Law Suite
Security Features
Community Features
Location
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 391 East 16th Street, Hamilton, ON L9A 4K4
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Hamilton, ON
For a property listed at $699,900 in Hamilton, the legal minimum down payment is $44,990 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 $10,473 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 $10,473.
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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.