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Listed 8 days ago

137 Terrace Drive

Balfour, Hamilton

$674,900

Detached|Bungalow
2 | 3 | 3
About this home

Welcome to this well-kept bungalow in an established Hamilton Mountain neighbourhood. A thoughtful addition expands the main floor to over 1,200 sq ft, giving you more room to live, entertain, and grow, plus a fully finished basement for even more space. Inside, you'll find an updated kitchen and updated flooring. The finished lower level features a separate walk-out, making an in-law or multi-generational setup a real possibility. Outside, the generous 50 x 103 ft lot offers plenty of room for gardening, play, or relaxing on the deck out back. A concrete driveway adds curb appeal and durability. The location is hard to beat: close to schools, shopping, and hospitals, with quick access to the Lincoln Alexander Parkway (the LINC) for easy commuting across the city and beyond. Whether you're a first-time buyer, a growing family, or looking for room for extended family, this Mountain bungalow checks the boxes.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$5,061
Lot Size50 ft x 103 ft
mls© NumberX13882938
Listed ByONE PERCENT REALTY LTD.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$3,454
Property tax
$422
Heat allowance
$150
Housing costs
$4,026 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $134,980
25-yr amortization

Income needed

$124,000

gross annual household income

Payment at 4%
$2,840 / mo
Cash down
$134,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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