Single Family Residence for sale at 76 Terrace Drive, Hamilton, ON, L9A 2Y6 - Balfour - MLS: 40801291

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76 Terrace Drive

Hamilton, ON, L9A 2Y6 - Balfour

$770,000

Neighbourhood

Balfour
Major Intersection

Listed Since: 1 day(s)
Last update: today

Overview

Property Type

Single Family Residence, Bungalow
Bedrooms

3 + 2
Bathrooms

2
Basement

Separate Entrance, Full, Finished
Kitchen

n/a
Total Parking

2 (1 null Garage)
Lot Size

Available Upon Request
Taxes

$4,416.00 (2025)
Type

Freehold

Property Description

Property description for 76 Terrace Drive, Hamilton

Welcome to this solid solid LEGAL 2-FAMILY DWELLING 3+2 bedroom detached bungalow in the desirable West Hamilton Mountain, offering a rare blend of immediate livability, regulatory compliance, and long-term upside. Fully compliant as a legal two-family dwelling and licensed rental with the City of Hamilton, this property delivers flexibility and peace of mind for homeowners and investors alike. Featuring two self-contained living areas, the home supports multiple lifestyle strategies—live in one unit with a mortgage helper, accommodate multi-generational living, or hold as a turnkey income property. Both units offer functional layouts, separate entrances, and private in-unit laundry, enhancing independence, convenience, and rental appeal. Set on a deep 100-ft lot, the property also offers future value-add potential. A separate garage and generous yard provide possible detached dwelling unit (ADU) potential, unlocking additional density in a sought-after Hamilton Mountain location. A versatile property with strong fundamentals. One home. Multiple strategies. Built-in compliance. Future upside.

Listed by Rock Star Real Estate Inc.

Property details

MLS #

40801291
Sq. Ft

1013
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

1959
Pool

n/a
Drive

n/a
Garage

n/a
Total Parking

2
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 #

40801291
Sq. Ft

1013
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

1959
Pool

n/a
Drive

n/a
Garage

n/a
Total Parking

2
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

Bedroom

12.06 x 8 ft Main level
Kitchen/Living Room

7.42 x 3.33 ft Basement level
Bedroom Primary

11.06 x 9.09 ft Main level
Kitchen

16.07 x 11.03 ft Main level
Bathroom

39 x 17 ft Main level

4-Piece
Living Room

17.09 x 11.06 ft Main level
Bedroom

11.06 x 10.08 ft Main level
Bathroom

false Basement level

3-Piece
Bedroom

4.24 x 3.33 ft Basement level
Bedroom

2.87 x 2.44 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

Number of Single Family Residence Sold

January 2026

Last 3 Months

Last 12 Months

January 2025

Last 3 Months LY

Last 12 Months LY

Change

50%

Change

100%

Change

-33%

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

January 2026

Last 3 Months

Last 12 Months

January 2025

Last 3 Months LY

Last 12 Months LY

Change

78%

Change

140%

Change

78%

Average Selling price

Inventory Graph

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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.