65 Derek Drive, Hamilton, ON

$1,150,000
MLS#:X10411889
4 beds
4 baths
6.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Gershome. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,150,000 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 4 Bathrooms
  • Premium 52.57 x 117.1 ft lot size
  • 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 attached configuration
  • Notable attributes: Accessory Apartment, Auto Garage Door Remote, Central Vacuum
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Rare Opportunity in Hamiltons Desirable East End A Spacious Family Home with In-Law Suite Potential! This stunning 4-bedroom, 4-bathroom home offers over 3,400 sq. ft. of finished living space, including a fully finished basement with a separate entrance perfect for an in-law suite or potential rental income. Nestled in one of Hamilton's top neighbourhoods, bordering Stoney Creek, this home is ready for your family to move in and enjoy! The main level boasts a sunken family room with a cozy gas fireplace surrounded by beautiful brickwork, creating the perfect space to unwind. The spacious, eat-in kitchen with island opens to the backyard, where you'll find an expansive, fully fenced yard complete with a large concrete patio, stunning gardens, a gazebo, hot tub, shed, and mature trees ideal for entertaining or enjoying peaceful outdoor moments. Upstairs, you'll find a grand, curved wooden staircase leading to the primary bedroom, featuring a walk-in closet and a luxurious ensuite bath. Three additional generous bedrooms and a full bathroom with a Jacuzzi tub and separate shower complete the upper level. The fully finished lower level is a standout, offering a large recreation room, an additional bathroom, a kitchenette, and ample storage space. The separate entrance provides privacy and potential for an in-law suite or income-generating opportunity. This beautifully landscaped home has excellent curb appeal, with a double car garage and a double-wide interlock driveway providing plenty of parking. Located just moments from parks, schools, recreation centres, shopping, and with easy access to major highways and the hospital, this home offers the perfect blend of comfort, space, and convenience. Dont miss this rare opportunity schedule a viewing today!

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Property Summary

This detached home located at 65 Derek Drive, Hamilton is currently for sale and has been available on SousaSells for 615 days. This property is listed at $1,150,000 with an estimated mortgage of $3,828* per month. It has 4 beds, 4 bathrooms, and is unknown square feet. 65 Derek Drive, Hamilton is in the Gershome neighborhood.

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

Key Features

Bedrooms
4
Bathrooms
4
Kitchens
1
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateNovember 12, 2024
Sold price information is available to members only
Listed Date11/7/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionBrick
BasementFinished, Full
Lot Size52.57 × 117.1 Feet
CountyHamilton
Annual Tax$6,692
Legal DescriptionPCL 70-1, SEC 62M538 ; LT 70, PL 62M538 ; S/T LT215136 HAMILTON

Parking & Garage

Parking Spaces6.0
Garage Spaces4
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Greenbelt/Conservation, Hospital, Park, Place Of Worship, Ravine, School

Interior Features

Accessory Apartment, Auto Garage Door Remote, Central Vacuum, Floor Drain, In-Law Capability, In-Law Suite, Water Meter, Workbench

Security Features

Community Features

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Location

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65 Derek 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 65 Derek Drive, Hamilton, ON L8G 5A6

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$345,000 (30.0%)
* Minimum Canadian down payment required for this price is $230,000.
Amortization Period30 Years
Estimated Monthly Payment$3,828Based on a loan of $805,000 over 30 years.
Purchase Price$1,150,000
Loan Amount$805,000
Provincial Land Transfer Tax:$19,475
Total Estimated Closing Taxes:$19,475

About Purchasing a Home in Hamilton, ON

For a property listed at $1,150,000 in Hamilton, the legal minimum down payment is $230,000 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 $19,475 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 $19,475.

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City & Neighborhood Guide

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

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$1,006,689

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

St Luke
Public345 Albright Road, Red Hill, Hamilton, Ontario, L8K 6N3
5.8
Sir Wilfrid Laurier
Public70 Albright Road, Vincent, Hamilton, Ontario, L9H 0A3
3.9
Viscount Montgomery
Public1525 Lucerne Avenue, Glenview West, Hamilton, Ontario, L8K 1R3
6.6
St David
Public33 Cromwell Crescent, Greenford, Hamilton, Ontario, L8G 2E9
5.4
Memorial (City)
PublicUpper Kenilworth Avenue, Upper King's Forest, Hamilton, Ontario, L8T 4Y4
4.3

Secondary Schools

Glendale
Public145 Rainbow Drive, Corman, Hamilton, Ontario, L8K 4G1
4.6
Sir Winston Churchill
Public1715 Main Street East, Normanhurst, Hamilton, Ontario, L8H 1E3
2.4
Sherwood
Public25 High Street, Sherwood, Hamilton, Ontario, L8T 3Z4
4.4
Mère-Teresa
Public50 Lisgar Court, Lisgar, Hamilton, Ontario, L8T 4Y4
4.2

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.