76 Terrace Drive, Hamilton, ON
Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Balfour. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $698,000 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 2000-2500 sqft on a premium 40 x 100 ft lot
- Features a separate entrance, finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 3.0 total parking spaces available with a convenient detached configuration
- Notable attributes: Accessory Apartment
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to this solid LEGAL 2-FAMILY DWELLING 3+2 bedroom detached bungalow in the desirable West Hamilton Mountain, offering a rare blend of immediate livability, regulatory compliance, and long-term upside. Fully compliant as a legal two-family dwelling and licensed rental with the City of Hamilton, this property delivers flexibility and peace of mind for homeowners and investors alike. Featuring two self-contained living areas, the home supports multiple lifestyle strategies-live in one unit with a mortgage helper, accommodate multi-generational living, or hold as a turnkey income property. Both units offer functional layouts, separate entrances, and private in-unit laundry, enhancing independence, convenience, and rental appeal. Set on a deep 100-ft lot, the property also offers future value-add potential. A separate garage and generous yard may offer exciting potential for future development, including the possibility of a detached dwelling unit (ADU), subject to zoning, municipal approvals, and buyer verification. A versatile property with strong fundamentals. One home. Multiple strategies. Built-in compliance. Future upside. Note: Some images have been virtually staged or AI-enhanced to illustrate potential furniture layout and design. Actual property condition may differ.
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Property Summary
This detached home located at 76 Terrace Drive, Hamilton is currently for sale and has been available on SousaSells for 15 days. This property is listed at $698,000 with an estimated mortgage of $2,323* per month. It has 5 beds, 2 bathrooms, and is 2000-2500 square feet. 76 Terrace Drive, Hamilton is in the Balfour neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 5 bedrooms and 2 bathrooms, this home offers ample space and comfort for growing families in Balfour, Hamilton.
- •5 spacious bedroom layout offering versatile living space
- •2 well-appointed bathrooms
- •2000-2500 sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in Balfour, Hamilton.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
- Accessory Apartment
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 76 Terrace Drive, Hamilton, ON
Q.What is the asking price for 76 Terrace Drive, Hamilton, ON ?
The current listing price for 76 Terrace Drive, Hamilton, ON in Balfour, Hamilton is $698,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 5 bedrooms and 2 bathrooms across approximately 2000-2500 sqft.
Q.What property type and architectural style is 76 Terrace Drive, Hamilton, ON ?
76 Terrace Drive, Hamilton, ON is a Detached (Bungalow) featuring a Separate Entrance, Finished basement.
Q.What interior features are included in this home?
Interior highlights include: Accessory Apartment.
Q.Is parking available at this property?
Yes, this property offers parking space for 3.0 vehicles (Detached).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via Central Air.
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Location
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Open in Google MapsNeighborhood Safety & Crime Analytics
Balfour, Hamilton
23 assaults (45.0/100k)
11 B&E (40.0/100k)
15 thefts (45.0/100k)
Improving vs previous year
Formula: (Annual Occurrences / Population) Ă— 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.
Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.
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 76 Terrace Drive, Hamilton, ON L9A 2Y6
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 $698,000 in Hamilton, the legal minimum down payment is $44,800 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 $10,435 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 $10,435.
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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.
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