261 Fair Street, Hamilton, ON
Meadowlands, Hamilton · MLS® X12838156
About this home
Tastefully Renovated, Double Garage Detached, A Cul-De-Sac Location!! A must see detached home in prime Meadowland area. Spent $$ Thousands of Upgrades, Exceptional landscaping at the front yard. In-Ground HEATED Pool in the backyard, Double door entrance with High Ceiling & feature wall, upgraded hardwood flooring, Crown moulding, 9 ft ceilings, modern fixtures & finishes. The main level features a Separate living, dining room & a sunlit family room with a cozy gas fireplace. Eat-in kitchen, Granite counters, Stainless Steel Appliances, Walk-out to backyard, fully fenced yard with stone patio, barbeque kitchen, (Heated) swimming pool w/waterfall. Peaceful backyard to enjoy music and a glass of wine with NO HOUSE AT THE BACK which provides you complete privacy, Primary bedroom with walk-in closet, and a spa-like ensuite. Three additional bedrooms and 2 full bathrooms complete the upper level. The finished basement features a rec room, exercise area, tons of storage space, cold room & roughed in for additional bathroom. Minutes to Costco, Cineplex Cinemas, Home Depot, Gas stations, Banks, Restaurants, Grocery, McMaster University, Shopping, Hwy 403 and much more!!
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- X12838156
- Bedrooms
- 4
- Bathrooms
- 4 (1 half)
- Size
- 2500-3000
- Lot
- 37.35 × 109.65 ft
- Cross streets
- Springbrook Ave / Lockman Dr
- Parking
- 2 garage · 6 parking (built-in)
- Driveway
- Private
- Basement
- Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Stucco (Plaster)
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Pool
- Inground
- Property tax
- $9,321 / 2025
- Days on market
- 136
- Listing brokerage
- KINGSWAY REAL ESTATE
Rooms
hardwood floor · open concept · pot lights
hardwood floor · open concept · window
hardwood floor · open concept · pot lights
Listed at $1,490,000, this home is about 14% above what comparable homes suggest. The number above is my independent estimate of value, not the asking price.
Based on 13 similar homes nearby, adjusted for size, beds, and baths.Median of 13 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $1.33M, a close match.
How I got there
Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.
- Closest comparable, listed at $1.19M
- Adjusts to $1.19M
That comparable adjusts to $1.19M; the $1.31M estimate above is the median of all 13 comparables, which is steadier than any single home.This uses comparable active listings, not sold prices. Lot, condition, and finishes are my in-person call, and I can run a full CMA with recent solds.
On location, it is moderately walkable, so some daily errands are within reach and for the rest you will likely drive. GARNER at SPRINGBROOK is about a 4-minute walk away.
Total price vs nearby homes. Fair value about $1.31M, median of 13 comparables.
What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.
- Finished basement: added living space, worth checking ceiling height and that the work was permitted.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled.
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed.
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room.
- Primary suite: a key comfort and resale feature.
- Value driver
- Weigh carefully
- Worth verifying
- Lifestyle
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 8 active listings nearby.
See all comparable homesThis home lists 7% above the area average of $505/sqft.
134 days longer than the Hamilton average (2 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Meadowlands, Hamilton, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Somewhat WalkableA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from Google.
Some errands on foot, but most trips need a car.
🚉 Nearest transit: GARNER at SPRINGBROOK, about 281 m away
Within a 15-minute (1.5 km) walk.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Hamilton.
Get the full neighbourhood report (schools, parks, transit & safety) →
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 17, 2026); conventional rates run a little higher.
Mortgage amount $1,192,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $6,361
- Property tax
- $777
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $7,138
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $26,275
- Estimated closing costs
- $26,275
Plus your down payment of $298,000. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $381,657
- Principal paid down
- $151,801
- Interest paid
- $229,856
- Balance remaining
- $1,040,199
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of KINGSWAY REAL ESTATE. MLS®/PropTx.