81 Colbourne Street, Hamilton, ON
Property no longer active
This property was sold on May 2, 2025. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable Bungalow-Raised detached located in the coveted neighborhood of Central. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $600,000 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 2 Bathrooms with 2 functional kitchens
- Generous living space spanning 1100-1500 sqft on a premium 30.5 x 120 ft lot
- Features a apartment, finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 1.0 total parking spaces available
- Notable attributes: In-Law Suite, Water Heater, Water Meter
- Efficient baseboard heating via gas
Description
Welcome to 81 Colbourne Street - a beautifully renovated raised bungalow multi-family home in the heart of Central Hamilton, offering an ideal blend of modern living and income-generating potential. This turn-key multi-family property spans approximately 1,200 square feet above grade and features two self-contained units, each with its own separate entrance, ensuite laundry, and stylish upgrades throughout. The upper-level unit boasts 3 bedrooms and a 4-piece bath, while the lower-level suite offers 2 bedrooms and a 4-piece bath - both designed with oversized windows that flood the spaces with natural light. As a raised bungalow, the lower unit enjoys full ceiling height, making it feel open and bright. Renovated in the last three years, both suites are outfitted with vinyl plank flooring, quartz countertops, subway tile backsplashes, and stainless steel appliances - ensuring contemporary appeal for both owners and tenants alike. Situated on a quiet, tree-lined street with a 30 x 120 ft lot, this home is just minutes from James Streets vibrant shops, dining, and cafes, as well as transit, schools, and all that Central Hamilton has to offer.
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Property Summary
This detached home located at 81 Colbourne Street, Hamilton is currently for sale and has been available on SousaSells for 482 days. This property is listed at $600,000 with an estimated mortgage of $1,997* per month. It has 5 beds, 2 bathrooms, and is 1100-1500 square feet. 81 Colbourne Street, Hamilton is in the Central neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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In-Law Suite, Water Heater, Water Meter
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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 81 Colbourne Street, Hamilton, ON L8R 2G6
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 $600,000 in Hamilton, the legal minimum down payment is $35,000 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 $8,475 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 $8,475.
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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.