Hamilton: An Affordable Gem in Ontario’s Real Estate Market

Hamilton presents a compelling case for homebuyers, particularly when contrasted with Toronto’s sky-high real estate prices. In November 2023, the average home in Hamilton was priced at $739K, offering a significant cost advantage over Toronto’s average of $1.10M. The city’s economic vitality, propelled by sectors such as manufacturing, healthcare, and technology, fuels both its population growth and housing demand. With its assortment of neighbourhoods, each exuding its own unique vibe, and its proximity to major urban centers, Hamilton is an attractive option for those earning a yearly household income of $150K.

A Closer Look at Recently Sold Homes in Hamilton

Explore the variety of homes that recently found new owners in Hamilton, illustrating what’s possible within this vibrant market.

East Hamilton’s Detached Charm

At 29 Vansitmart Avenue, a blend of contemporary updates and original allure marks this East Hamilton property, which boasts a modernized kitchen and a spacious basement, sold for $550,000. Its swift sale, within just 12 days, underscores the desirability of the location, replete with convenient access to amenities.

Modern Living in Stoney Creek

The semi-detached home at 224 Lormont Boulevard, located in the burgeoning Stoney Creek Mountain area, sold for $725,500 in under 9 days. Highlighting the appeal of newer communities, this property offers easy access to transportation and shopping, along with a fenced backyard and en-suite master bedroom, epitomizing modern suburban living.

Townhouse Near the Waterfront

The end-unit townhouse at 44 – 76 Frances Avenue, priced at $599,000, situates residents a stone’s throw away from the lake and local parks in the ‘Community Beach’ neighbourhood. Offering three bedrooms and bathrooms, and a cozy gas fireplace, it’s a family-friendly option with scenic views and ample living space.

Condo Living by the Lake

For condo enthusiasts, 222 – 125 Shoreview Place in Stoney Creek’s Sapphire Condos sold for $500,000. This wheelchair-accessible unit is notable for its spacious layout, walk-in closets, and upscale amenities, including a rooftop terrace and gym, encapsulating the convenience and luxury of condo living in Hamilton.

Expanding Your Home Search with The Canadian Home

These properties in Hamilton are just a glimpse into the potential homes awaiting buyers with a $150K income. The Canadian Home’s extensive collection, featuring over 6 million properties, offers ample opportunities to find your dream home. Whether you’re drawn to Hamilton or interested in exploring other Ontario cities, our resources provide invaluable insights into a range of housing options. Discover your perfect home with The Canadian Home, where diversity and affordability meet.

Summary Insights

• Hamilton’s Real Estate Advantage: Offers affordable housing options compared to Toronto, driven by a strong economy and diverse neighbourhoods.
• Detached Home on Vansitmart Avenue: A quickly sold property in East Hamilton featuring modern updates and a convenient location.
• Semi-Detached at Lormont Boulevard: Represents modern suburban living in Stoney Creek Mountain, selling rapidly due to its amenities and location.
• Frances Avenue Townhouse: Provides a family-friendly waterfront lifestyle in the ‘Community Beach’ neighbourhood, with scenic views and spacious interiors.
• Shoreview Place Condo: Highlights luxurious, accessible condo living in Stoney Creek, with premium amenities and lakefront access.
• The Canadian Home Collection: Encourages broader home searches across Ontario, offering extensive listings to match diverse buyer preferences and budgets.