201 Terrace Drive
Hamilton (Balfour), ON L9A 2Z2
- 3+1Bedrooms
- 2Bathrooms
- 1Garage
- 700–1100Sq Ft
- $5,185Tax
- 50×103 ftLot Size
Estimated Value:$620,500See Free Estimate Report
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Free Home EvaluationHow Much Is My Home Worth?Homes for Sale NearbySale & Price History for 201 Terrace Drive, Hamilton, Balfour
| Start Date | End Date | Price | Event | MLS# |
|---|---|---|---|---|
| 2026-08-27 | 2026-09-16 | Login to See Prices | Sold | x13720566 |
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About 201 Terrace Drive, Hamilton, Balfour
Summarized Description
- Versatile 2-unit bungalow for families or investors.
- High-end chef's kitchen with stainless steel appliances.
- Finished lower level ideal for in-law suite.
- Private backyard oasis for relaxation.
- Energy-efficient home with no rental items.
- Located near schools, parks, and amenities.
- Multi-use zoning offers flexible living options.
Exceptional Bungalow in Sought-After Balfour Neighbourhood! This 2-unit bungalow offers outstanding versatility for families, multi-generational living, or savvy investors. Ideally located just a short walk to Norwood Park Elementary School (French Immersion), parks, shops, restaurants, the library, St. Joseph's Healthcare, Mohawk College, and quick access to the LINC and Hwy 403. Inside, you'll find a contemporary interior featuring elegant coffered and coved ceilings, and an impressive restaurant-inspired stainless steel chef's kitchen. The separate side entrance leads to a finished lower level with kitchen, gas fireplace, and excellent potential for an in-law suite or income-generating apartment. Step outside to your private backyard oasis, offering a peaceful retreat in a central location. Energy-conscious buyers will appreciate the EnerGuide energy-efficient rating and the fact that there are no rental items to assume. Situated on an excellent multi-use R1-zoned lot in one of Hamilton Mountain's most desirable communities, this property presents a fantastic opportunity for families, investors, or those seeking flexible living arrangements. Exceptional location, exceptional value, exceptional opportunity.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $5,185
- Land Transfer Tax Fee
- $8,975
- Basement Type
- Full, Finished, Separate Entrance
Interior Features
- Interior Extras
- Primary Bedroom - Main Floor, In-Law Capability, In-Law Suite
- Fireplace/Stove
- Yes
- Fireplace Features
- Rec Room
- Elevator
- No
Exterior Features
- Pool
- None
- Property Features
- Park, School
Building
- Building Type
- Detached
- Building Style
- Bungalow
Construction
- Exterior Finish
- Brick
- Roof
- Asphalt Shingle
- Foundation Details
- Concrete Block
- Special Designation
- Unknown
Lot
- Lot Front
- 50.00 ft
- Lot Depth
- 103.00 ft
Inclusions
- Inclusions
- elf's, clothes washer & dryer, range on main, range (basement), dishwasher main (as is), dishwasher (basement), fridge (main), fridge (basement - as is), drapery hardware, blinds, reverse osmosis filter system in main kitchen.
Exclusions
- Exclusions
- drapery (staging)
Parking & Garages
- Garage Type
- Detached
- Garage Spaces
- 1
- Parking Spaces
- 3
- Total Garage And Parking Spaces
- 4
Heating & Cooling
- Heat Source
- Gas
- Heat Type
- Forced Air
- Air Conditioning
- Central Air
- Water
- Municipal
- Sewers
- Sewer
- Bedrooms
- 3 + 1
- Washrooms
- 2
- Kitchens
- 2
Room sizes
- Bedroom 2—Main level
- Bedroom—Main level
- Kitchen—Main level, Combined w/Dining
- Den—Basement level
- Recreation—Basement level
- Bedroom 3—Main level
- Kitchen—Basement level, Combined w/Laundry
- Bathroom—Main level, 4 Pc Bath
- Living Room—Main level
- Utility Room—Basement level
- Bathroom—Basement level, 3 Pc Bath
- Bedroom—Basement level
Washrooms
- 4-piece, Main
- 3-piece, Basement
- Municipality
- Hamilton
- Neighbourhood
- Balfour
- Main cross streets
- Upper James & Mohawk
- Directions
- Mohawk to Terrace
- MLS® number
- X13720566
- Data source
- Toronto Regional Real Estate Board
- Status change
- 2026-09-16
- Listed on
- 2026-08-27
- Days on market
- 20 days
- Possession type
- Flexible
- Co-op commission
- 2.5
- Seller
- Listed by
- RE/MAX ESCARPMENT REALTY INC.
Home Market Value
Current home valuation for 201 Terrace Drive, Hamilton, Balfour, Hamilton, ON. Listed for $625,000
HOMEH Estimate
$620,500
Estimated Sales Range
$490,195 - $750,805
HOMEH Estimate for 201 Terrace Drive, Hamilton, Balfour
Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
5% on first $500K + 10% on $125,000 over $500K
$37,500
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $23,500 | $17,438 | $14,875 | $0 |
=Total mortgage | $611,000 | $579,938 | $546,125 | $500,000 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $2,983monthly | $2,832monthly | $2,666monthly | $2,441monthly |
Land Transfer Tax
$8,975
$8,975
Around this home
No schools found nearby
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