Detached House for sale at 201 Terrace Drive, Hamilton, Ontario, L9A 2Z2 - Balfour - MLS: X13720566

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201 Terrace Drive

Hamilton, Ontario, L9A 2Z2 - Balfour

$625,000

Neighbourhood

Balfour
Major Intersection

Upper James & Mohawk

Listed Since: 5 day(s)
Last update: 2 day(s) ago

Overview

Property Type

Detached, Bungalow
Bedrooms

3 + 1
Bathrooms

2
Basement

Full + Finished
Kitchen

1 + 1
Total Parking

4 (1 Detached Garage)
Lot Size

50x103 (Feet)
Taxes

$5,185.00 (2026)
Type

Freehold

Property Description

Property description for 201 Terrace Drive, Hamilton

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.

Listed by RE/MAX ESCARPMENT REALTY INC.

Property details

MLS #

X13720566
Sq. Ft

700-1100
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

Available Upon Request
Pool

None
Drive

Pvt Double
Garage

Detached, 1 spaces
Total Parking

4
Family Room

N
Den

N
Exterior

Brick
Fireplace

Y
Roof

Asphalt Shingle
Foundation

Concrete Block
Elevator

n/a
Water View

n/a
Laundry Level

n/a
Heat

Forced Air
A/C

Central Air
Water

Municipal
Water Supply

n/a
Sewers

Sewers
Central Vac

N

MLS #

X13720566
Sq. Ft

700-1100
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

Available Upon Request
Pool

None
Drive

Pvt Double
Garage

Detached, 1 spaces
Total Parking

4
Family Room

N
Den

N
Exterior

Brick
Fireplace

Y
Roof

Asphalt Shingle
Foundation

Concrete Block
Elevator

n/a
Water View

n/a
Laundry Level

n/a
Heat

Forced Air
A/C

Central Air
Water

Municipal
Water Supply

n/a
Sewers

Sewers
Central Vac

N

Living

4.06 x 4.52 ft Main level
Kitchen

5.89 x 3.23 ft Main level

Combined W/Dining
Br

3.2 x 3.45 ft Main level
2nd Br

3.1 x 3.02 ft Main level
3rd Br

3.05 x 2.41 ft Main level
Bathroom

1.98 x 1.5 ft Main level

4 Pc Bath
Rec

3.38 x 4.95 ft Bsmt level
Kitchen

2.85 x 3.79 ft Bsmt level

Combined W/Laundry
Br

3.1 x 2.34 ft Bsmt level
Den

2.64 x 5.0 ft Bsmt level
Bathroom

1.85 x 2.21 ft Bsmt level

3 Pc Bath
Utility

2.82 x 3.1 ft Bsmt level

Contact Manoj Kukreja

Sales Representative,
Century 21 People’s Choice Realty Inc.,
Brokerage
(647) 576 - 2100

Property History

Property history for 201 Terrace Drive, Hamilton

This property has been sold 1 time before. Create your free account to explore sold prices, detailed property history, and more insider data.

Local Real Estate Price Trends for Detached in Balfour

Active listings

Average Selling Price of a Detached

July 2026

$519,000

Last 3 Months

$388,500

Last 12 Months

$541,094

July 2025

$577,600

Last 3 Months LY

$655,950

Last 12 Months LY

$648,856

Change

-10%

Change

-41%

Change

-17%

Historical Average Selling Price of a Detached in Balfour

Average Selling Price

3 years ago

$755,000

Average Selling Price

5 years ago

$827,000

Average Selling Price

10 years ago

$424,425

Change

-31%

Change

-37%

Change

22%

How many days Detached takes to sell (DOM)

July 2026

Last 3 Months

Last 12 Months

July 2025

Last 3 Months LY

Last 12 Months LY

Change

315%

Change

19%

Change

48%

Average Selling price

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Closing Cost Calculator

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Closing Cost Total for this property

Total Cash flow for purchasing this property

Purchase Price

First time home buyer

Down Payment($)

Down Payment(%)*

Additional information

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registration Fee's

$164

Title Insurance

Closing Cost Total

Total Cash flow for purchasing this property

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registarion Fee's

$164

Title Insurance

Purchase Price

Down Payment($)

Down Payment(%)*

First time home buyer

* A down payment of less than 20% is permitted only for first-time home buyers purchasing their principal residence. The minimum down payment required is 5% for the portion of the purchase price up to $500,000, and 10% for the portion between $500,000 and $1,500,000. For properties priced over $1,500,000, a minimum down payment of 20% is required.