56 Henley Drive, Hamilton, ON
Stoney Creek, Hamilton · MLS® X12926922
About this home
Beautifully renovated luxury home offering approximately 3,150 sq. ft. of refined living space, ideally situated on a premium 8,000 sq. ft. corner lot in one of Stoney Creek's most desirable neighborhoods.Fully updated in 2024, this exceptional property features a modern exterior elevation, professionally landscaped grounds, and elegant walkways. The corner lot provides added privacy, enhanced curb appeal, and excellent future potential. Inside, the home is finished with high-quality hardwood flooring throughout, including the basement, creating a seamless and upscale feel.The main floor showcases a bright open-concept layout with a spacious kitchen, family room, and living area, complemented by impressive 11 to 14 ft ceilings that enhance both natural light and overall presence.Upstairs, you will find 3 well-appointed bedrooms, a full bathroom, a second open-concept kitchen with living and dining space, and a convenient laundry area-ideal for extended family living or added flexibility.A standout feature of this home is the fully self-contained 1-bedroom basement suite with a separate entrance. Complete with its own kitchen, living and dining area, washroom, laundry, walk-in closet, and bedroom, this space offers excellent income potential or the option for multi-generational living.Located in a prime area close to parks, top-rated schools, shopping, public transit, and major highways, this property delivers both lifestyle and investment value.
Key facts
- Property type
- Detached, Backsplit 5
- MLS®
- X12926922
- Bedrooms
- 4 (3 + 1)
- Bathrooms
- 3
- Size
- 1500-2000
- Lot
- 85.76 × 100 ft
- Cross streets
- Green Rd & Highway 8
- Parking
- 2 garage · 6 parking (attached)
- Driveway
- Private Double
- Basement
- Finished, Separate Entrance
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Stucco (Plaster), Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Septic
- Property tax
- $5,353 / 2025
- Days on market
- 113
- Listing brokerage
- HOME AND BUSINESS REALTY
Rooms
Listed at $1,110,000, this home is tracking about 17% above a wider set of listings, though close matches were thin, so treat this as a rough read until I run a precise CMA. The number above is my independent estimate of value, not the asking price.
There are only a few closely comparable homes right here, so this is a broad read from wider listings in the area. Ask me for a precise CMA before relying on it.
Based on 65 similar homes nearby, adjusted for size, beds, and baths.Median of 65 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $864K, 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 $1000K
- Bathrooms −$15K
- Adjusts to $985K
That comparable adjusts to $985K; the $949K estimate above is the median of all 65 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. HIGHWAY 8 at GREEN is about a 5-minute walk away.
Total price vs nearby homes. Fair value about $949K, median of 65 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.
- Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled.
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room.
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements.
- Open-concept layout: modern, sought-after flow.
- Income potential
- Value driver
- 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 $594/sqft.
111 days longer than the Hamilton average (2 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Stoney Creek, Hamilton, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
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.
Many errands can be done on foot; a car still helps.
🚉 Nearest transit: HIGHWAY 8 at GREEN, about 424 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 $888,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,739
- Property tax
- $446
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $5,185
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $18,675
- Estimated closing costs
- $18,675
Plus your down payment of $222,000. 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
- $284,322
- Principal paid down
- $113,087
- Interest paid
- $171,235
- Balance remaining
- $774,913
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
Income potential: the basement has a separate entrance, which often supports a rentable in-law or second suite. That can lift real rent well above the figure above and help carry the mortgage. Ask us about permitted use in this area.
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 HOME AND BUSINESS REALTY. MLS®/PropTx.