Single Family Residence for sale at 31 Terrace Drive, Hamilton, ON, L9A 2Y5 - Balfour - MLS: 40819998

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31 Terrace Drive

Hamilton, ON, L9A 2Y5 - Balfour

$659,900

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Neighbourhood

Balfour
Major Intersection

Listed Since: 6 day(s)
Last update: 5 day(s) ago

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Overview

Property Type

Single Family Residence, Bungalow
Bedrooms

2 + 0
Bathrooms

2
Basement

Separate Entrance, Full, Finished
Kitchen

n/a
Total Parking

4
Lot Size

40.58x100.12 (Acres)
Taxes

$4,521.35 (2025)
Type

Freehold

Property Description

Property description for 31 Terrace Drive, Hamilton

Tucked into a quiet, established, family-friendly street on the central mountain, this solid all-brick bungalow offers comfort, flexibility, and a true sense of home. Lovingly maintained over the years, it’s the kind of property where pride of ownership is evident at every turn. Clean, cared for, and ready for its next chapter.xa0The main floor features a bright eat-in kitchen with classic oak cabinetry, a spacious living room, and a formal dining area that was originally a third bedroom, could bexa0easily converted back if needed. Two well-sized bedrooms and a full four-piece bath complete the level, with a blend of ceramic and hardwood flooring throughout.xa0A separate side entrance adds valuable flexibility for extended family or a private space for teens, with a finished lower level that includes a second kitchen and a three-piece bath. The rec room carries a warm retro charm, while an oversized cold cellar, laundry/utility area, and additional storage provide everyday practicality.xa0Outside, enjoy a long private driveway with ample parking, a rear wood deck, green space, and a garden shed, ideal for family living, entertaining, or simply unwinding outdoors.xa0With updated windows, roof, eaves, soffits, and fascia, this is a well-cared-for home in great condition. Perfect for first-time buyers, families, or downsizers looking for one-floor living in a convenient location close to schools, parks, transit, and everyday amenities.

Listed by Century 21 Heritage Group Ltd.

Property details

MLS #

40819998
Sq. Ft

1800
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

1959
Pool

n/a
Drive

n/a
Garage

n/a
Total Parking

4
Family Room

n/a
Den

n/a
Exterior

Brick
Fireplace

n/a
Roof

Asphalt Shing
Foundation

Concrete Block
Elevator

n/a
Water View

n/a
Laundry Level

n/a
Heat

Forced Air, Natural Gas
A/C

Central Air
Water

Municipal
Water Supply

n/a
Sewers

n/a
Central Vac

n/a

MLS #

40819998
Sq. Ft

1800
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

1959
Pool

n/a
Drive

n/a
Garage

n/a
Total Parking

4
Family Room

n/a
Den

n/a
Exterior

Brick
Fireplace

n/a
Roof

Asphalt Shing
Foundation

Concrete Block
Elevator

n/a
Water View

n/a
Laundry Level

n/a
Heat

Forced Air, Natural Gas
A/C

Central Air
Water

Municipal
Water Supply

n/a
Sewers

n/a
Central Vac

n/a

Bathroom

2.67 x 1.27 ft Basement level

3-Piece
Cold Room

7.16 x 1.83 ft Basement level
Dining Room

3.43 x 2.79 ft Main level
Foyer

false Main level
Bedroom

3.45 x 2.74 ft Main level
Utility Room

7.39 x 3.68 ft Basement level
Bedroom Primary

3.56 x 3.20 ft Main level
Recreation Room

9.30 x 3.38 ft Basement level
Living Room

4.88 x 3.89 ft Main level
Bathroom

2.44 x 1.52 ft Main level

4-Piece
Kitchen

4.24 x 3.17 ft Main level
Kitchen

3.58 x 2.64 ft Basement level
Storage

3.38 x 2.26 ft Basement level

Contact Manoj Kukreja

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

Local Real Estate Price Trends for Single Family Residence in Balfour

Active listings

Average Selling Price of a Single Family Residence

March 2026

$647,333

Last 3 Months

$423,278

Last 12 Months

$598,998

March 2025

$758,333

Last 3 Months LY

$769,861

Last 12 Months LY

$671,764

Change

-15%

Change

-45%

Change

-11%

How many days Single Family Residence takes to sell (DOM)

March 2026

Last 3 Months

Last 12 Months

March 2025

Last 3 Months LY

Last 12 Months LY

Change

238%

Change

75%

Change

67%

Average Selling price

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First time home buyer

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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.