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$750K · 3+2 bed Detached · Balfour, Hamilton | MyPropertyScout

$749,900

42 Terrace Drive

3+22OwnerOccupied

Map

$749,900

F●●●○○DOM18days

42 Terrace Drive

Hamilton · Ontario L9A 2Y6

MLS® X13417486 · Balfour · L9A 2Y6

3+22OwnerOccupied700-1100 ft²DetachedNone18d$833/ft²Lot 40 x 100 ft$446,146 tax/yr

16% above market · 18 days on market

Scoring based on Property Scout Neighbourhood Intelligence — use as guidance only, sometimes it's not so intelligent 👍

About this home

Beautifully Renovated 3+2 Bedroom, 2 Bathroom Bungalow With A Finished Basement And Separate Entrance, Located In One Of Hamilton Mountain's Most Desirable Communities. This Move-In Ready Home Offers Bright Modern Finishes, Gas Stove, High End Appliances, A Functional Layout, Upgraded Roof And Electrical. Enjoy The Privacy Of No Rear Neighbours While Being Just Steps From The Hospital, College, Shopping, Schools, And Everyday Amenities Including Walmart, Shoppers, And Canadian Tire. A Fantastic…

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Property details

MLS#: X13417486
Status: Buy Now
Beds: 3+2
Baths: 2 full, 0 half
Size: 700-1100
Style: Bungalow
Type: Detached
Year built: —

Roof: Asphalt Shingle
Foundation: Poured Concrete

Garage: None
Garage spaces: 0
Parking: 3 total
Lot: 40 × 100
Heating: Forced Air
Heating fuel: Gas
Cooling: Central Air
Fireplaces: —
Pool: No
Waterfront: No
Exterior: Brick
Fronting on: East
Cross street: Upper james st and fennell ave
Basement: Finished, Separate Entrance
Stories: —
Utilities: —
Laundry: —
Interior: Water Heater Owned, In-Law Suite
Parking features: —

Additional listing data

ListAOR: Toronto Regional Real Estate Board

Rooms

Level	Room	Dimensions
Main	Primary Bedroom	322m × 2.99m
Main	Bedroom 2	3.22m × 2.61m
Main	Bedroom 3	3.76m × 2.5m
Main	Living Room	3.21m × 5.22m
Main	Kitchen	338m × 5.07m
Lower	Utility Room	3.38m × 2.89m
Lower	Bedroom	3.11m × 3.34m
Lower	Family Room	3.1m × 4.8m
Lower	Bedroom 2	4m × 2.67m
Lower	Kitchen	2.5m × 4.23m

Property history

Sales History

NEW

Property sales history

Location details

Comparable sales

Neighbourhood stats

Brokered by: EXP REALTY

Source: TRREB/PROPTX · MLS® X13417486

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$750K

42 Terrace Drive · Bryon Bertrim

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Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $749,900✓ $446,146 tax✓ Gas✓ 700-1100 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$42,493/mo

incl. closing costs (yr 1)

Annual total

$509,917

year 1

Mortgage only

$2,845/mo

principal + interest

Beyond mortgage

$38,234/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$149,980

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$37,179/mo

Utilities

Hydro / electricity$75/mo

≈ $0.07/ft² × ~900 ft² · ON avg ~$75/mo

Gas$125/mo

Typical ON gas-heated home · ~$125/mo

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$7,499/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$11,473

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)7% $34,139/yr

Property taxes90% $457,619/yr

Utilities1% $3,960/yr

Insurance & security0% $1,600/yr

Maintenance1% $7,499/yr

Closing costs1% $5,100/yr

Mortgage is 7% of your true cost of ownership. The other 93% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$34,139	$2,845/mo
Government & taxes
Property tax	$446,146	$37,179/mo
Land transfer tax(closing)	$11,473	$956/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$900	$75/mo
Gas	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$7,499	$625/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$509,917	$42,493/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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42 Terrace Drive

About this home

MyStreetValue™ Analysis

Property details

Additional listing data

Rooms

Sales History

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Annual costs