109 Terrace Dr

Balfour, Hamilton, L9A 2Y8
FOR SALE
$730,000
109 Terrace Dr, Hamilton
109 Terrace Dr
109 Terrace Dr
109 Terrace Dr
109 Terrace Dr
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109 Terrace Dr
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3 + 1
BEDROOMS
2
BATHROOMS
1
KITCHENS
6 + 4
ROOMS
X9508969
MLSID
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Property Description
Discover this gem in Hamiltons desirable Balfour neighbourhood! This bright and inviting bungalow is packed with updates and offers endless possibilities for first-time buyers, downsizers, investors, or those seeking multi-generational living. Featuring a new kitchen ('22), bathrooms ('22 & '23), and beautiful hardwood floors ('22), this home is move-in ready and exudes charm with no carpeting throughout. The separate entrance provides in-law or student rental potential, making it an excellent investment near Mohawk College and trendy Concession Street. A hobbyists dream awaits in the huge detached garage, perfect for crafters or extra storage, with parking for three cars. The fully fenced private yard is ideal for family BBQs and entertaining. Conveniently located just steps from all amenitiesschools, transit, parks, shopping, Limeridge Mall, and quick access to Redhill/LINC. Current tenants (mature students) bring in $3,900/month, offering excellent income potential. Dont miss out! This charming home is waiting for you to move right in.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2023-10-27 2023-12-27 61 $649,000 - Terminated
2022-06-17 2022-09-19 94 $697,900 $683,900 Sold
2022-06-04 2022-06-17 13 $857,500 - Terminated
2022-04-25 2022-06-01 37 $899,999 - Terminated
Property Details
Community
Property Type
Detached, 1 1/2 Storey
Lot Size
47' x 103'
Fronting
East
Taxes
$4,158 (2024)
Basement
Finished, Walk-Up
Exterior
Alum Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Private
Garage Type
Detached
Room Summary
RoomLevelSizeFeatures
KitchenMain11.09' x 11.91'
LivingMain11.09' x 19.32'
BrMain11.68' x 14.07'
BathroomMain3.28' x 3.28'4 Pc Bath
Br2nd11.09' x 14.50'
BrBsmt10.17' x 11.25'
FamilyBsmt10.07' x 16.93'
BathroomBsmt3.28' x 3.28'3 Pc Bath
Hamilton Market Statistics
Hamilton Price Trend
109 Terrace Dr is a 3-bedroom 2-bathroom home listed for sale at $730,000, which is $16,799 (2.2%) lower than the average sold price of $746,799 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 3 bedroom home in Hamilton declined by $87,851 (10.5%) compared to the previous 30 day period (September 21 - October 20) and down $30,098 (3.9%) from the same time one year ago.
Inventory Change
There were 331 3-bedroom homes listed in Hamilton over the last 30 days (October 21 - November 19), which is down 1.5% compared with the previous 30 day period (September 21 - October 20) and up 35.1% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Hamilton typically sold ($17,171) (2.3%) below asking price over the last 30 days (October 21 - November 19), which represents a $4,303 decrease compared to the previous 30 day period (September 21 - October 20) and ($23,304) more than the same period last year.
Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 3-bedroom homes in Hamilton over the last 30 days (October 21 - November 19) stood at 81.6%, up from 49.4% over the previous 30 days (September 21 - October 20) and up from 54.3% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom home in Hamilton stood at 33 days when successfully sold over the last 30 days (October 21 - November 19), compared to 60 days before being removed from the market upon being suspended or terminated.
Listing contracted with Right At Home Realty
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